SEOUL, April 2 (Korea Bizwire) – North Korea now has a state-run online shopping mall that sells various goods, medicines and food items, following the country’s recent efforts to develop its IT infrastructure. According to the Korean Central News Agency (KCNA) on April 1, the online retail site is called ‘Okryoo.’ Customers can pay using [...]
SEOUL, April 1 (Korea Bizwire) – Scenes from the 1987 Hollywood movie “Innerspace,” which depicted a human controlled micro-capsule stuck inside a human body, will soon become reality in Korea as the title holder of similar technology is transferring its patents to a medical company. On March 31, the Robot Institute of Chonnam National University announced [...]
Seoul, Korea, Feb. 25 (Korea Bizwire) – SK Telecom (NYSE:SKM) announced today that it successfully demonstrated a 600 Mbps data transmission rate by using Nokia Networks’ 4X4 Multiple-Input Multiple-Output (MIMO) technology. 4X4 MIMO is a technology that doubles download speeds by using four transmit antennas and four receive antennas for communication between a mobile device [...]
SEOUL, Feb. 17 (Korea Bizwire) – The Korea Institute of Science and Technology (KIST) unveiled a prototype of the first Korean lunar exploring rover on February 16. The rover, which will be sent on Korea’s exploratory mission to the moon in 2020, is built to withstand the harsh terrain and hazardous temperature ranges found on the moon. [...]
SEOUL, Feb. 15 (Korea Bizwire) – South Korea’s national pension service is considering lending money to singles who delay or are reluctant to tie the knot because of wedding costs as a way to promote marriage and help raise chronically low birth rates, officials said Sunday. South Korea is faced with mounting demographic problems as [...]
SEOUL, Feb. 15 (Korea Bizwire) – A research team at the Korea Institute for Basic Science (KIBS) has developed a new type of supercapacitor that can store as much energy as typical commercialized lithium-ion batteries. Supercapacitors are high-capacity electrochemical capacitors, which can store 10 to 100 times more energy than electrolytic capacitors. The synthesis of supercapacitors is [...]
Busan, Korea, Feb. 14 (Korea Bizwire) – Korea is to develop the largest maritime engineering aquarium in the world for deep-sea research purposes, such as simulation experiments for the construction of maritime plants. The Ministry of Oceans and Fisheries (MOF), the Ministry of Trade, Industry and Energy (MOTIE) and the city of Busan hosted a [...]
SEOUL, Feb. 1 (Korea Bizwire) – The South Korean Navy on Sunday inaugurated a submarine command as part of efforts to bolster its underwater capabilities and combat readiness against North Korea. The fleet of the command, based in the southern port city of Jinhae and led by a rear admiral, is composed of 13 submarines [...]
SEOUL, Jan. 28 (Korea Bizwire) — AXA Direct, the automobile insurance operating arm of AXA Group, a worldwide leader in insurance, announced on January 28 that it will launch its Global English website service from February 2 for expatriates in Korea, in a first for Korea’s insurance industry. Through the service, foreigners in Korea will [...]
Seoul, Korea, Jan. 28 (Korea Bizwire) – SK Telecom (NYSE:SKM) today announced that it, together with Nokia Networks, commercialized a core LTE-Advanced (LTE-A) technology called ‘Enhanced Inter-Cell Interference Coordination (eICIC)’ for the first time in the world. eICIC is a technology that controls signal interference between macro and micro base stations to enhance the quality [...]