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Hyundai Motor Develops World’s First Fingerprint Recognition System for Cars

Hyundai Motor Develops World’s First Fingerprint Recognition System for Cars

SEOUL, Dec. 18 (Korea Bizwire) — Hyundai Motor Co. announced on Monday that it has developed the world’s first fingerprint recognition feature for automobiles. The company will first launch the system on the new Santa Fe, which will be introduced in China in the first quarter of next year, after which the feature will be [...]

Hyundai Motor Set to Break Ground on GBC Complex Next Year

Hyundai Motor Set to Break Ground on GBC Complex Next Year

SEOUL, Dec. 18 (Korea Bizwire) — The construction of Hyundai Motor Group’s new Global Business Center (GBC) is expected to be fast-tracked after the government indicated it would accelerate deliberations related to the project in its economic policy direction for next year. The government said deliberations on Hyundai Motor’s GBC project, which will be built [...]

Problematic Flies Can Be Eradicated by Natural Enemy Insects

Problematic Flies Can Be Eradicated by Natural Enemy Insects

SUWON, Dec. 18 (Korea Bizwire) – Gyeonggi Agricultural Research & Extension Services has developed an eco-friendly extermination technology to eradicate houseflies, often a problem for livestock farmers, using natural predators. The research center entered an agreement to transfer the breeding technology of ‘Carcinops pumilio’, a natural predator of houseflies, to the private research laboratory Korea [...]

S. Korea Ranks 115th Out of 149 Countries in Gender Gap Ranking Last Year

S. Korea Ranks 115th Out of 149 Countries in Gender Gap Ranking Last Year

GENEVA, Dec. 18 (Korea Bizwire) — The level of economic participation and opportunity of South Korean women is well below the world average, putting the country in 115th position out of 149 countries in terms of gender equality, according to a report released Tuesday by the World Economic Forum (WEF). The forum’s Global Gender Gap [...]

K-pop Group BTS’s Annual Economic Value Estimated at 4 tln Won: Report

K-pop Group BTS’s Annual Economic Value Estimated at 4 tln Won: Report

SEOUL, Dec. 18 (Korea Bizwire) — The economic value generated by K-pop boy band BTS is estimated at around 4 trillion won (US$3.54 billion) annually, a local researcher said Tuesday, indicating that the global sensation plays a significant role in South Korea’s economy that stretches beyond the cultural sector. The Hyundai Research Institute (HRI) said [...]

Semiconductor Industry Watching Overseas Rival to Gauge Its Future

Semiconductor Industry Watching Overseas Rival to Gauge Its Future

SEOUL, Dec. 18 (Korea Bizwire) — The local semiconductor industry is waiting for the latest corporate performance results of U.S. rival firm Micron Technology, Inc to get a better idea of where it is headed, officials said Tuesday. Micron is due to announce its profits for the September-November period Wednesday. “The market’s concern grew when [...]

Slumping Economy Drives S. Koreans to Travel Overseas More Frequently

Slumping Economy Drives S. Koreans to Travel Overseas More Frequently

SEOUL, Dec. 17 (Korea Bizwire) — An increasing number of South Koreans are opening their wallets to purchase plane tickets to go overseas. In fact, South Koreans spent a record-breaking amount of money overseas last year, and the total is only expected to increase in the future. Overseas consumption is gaining importance as a subset [...]