DAEJEON, Apr. 25 (Korea Bizwire) — South Korea has cut short the patent application process for a number of technologies that are part of the so-called ‘Fourth Industrial Revolution’. The Korean Intellectual Property Office (KIPO) launched a fast track today for patent applications for a select few technologies including 3D printing, self-driving, big data, cloud computing [...]
SEOUL, Apr. 25 (Korea Bizwire) — South Korea will help developing countries reduce emissions of harmful greenhouse gases by offering technological support, the science ministry has said. According to a long-term climate technology cooperation plan announced by the Ministry of Science and ICT on Monday, South Korea will help developing countries reduce greenhouse gas emissions, with [...]
SEOUL, Apr. 25 (Korea Bizwire) — Nearly half of cash dividends from South Korean conglomerates last year went to foreign shareholders, with Samsung Electronics leading the pack, data from the financial regulator showed Wednesday. The top 30 listed firms in terms of market cap paid 17.39 trillion won (US$16.13 billion) in cash dividends in 2017, [...]
SEOUL, Apr. 24 (Korea Bizwire) — South Korean internet experts are voicing different opinions regarding regulations on the comments sections typically found on news websites following a recent online opinion rigging scandal. In the wake of the ‘Druking’ scandal, which involves politicians who are accused of rigging public opinion by using an automation program, some South [...]
SEOUL, Apr. 24 (Korea Bizwire) — South Korean insurance companies can no longer ask disabled people to disclose their disability before extending coverage, according to financial authorities. The Financial Services Commission (FSC) announced plans on Monday to abolish the obligation for the disabled to reveal disabilities to insurance companies in a move to eradicate discrimination against [...]
SEOUL, Apr. 24 (Korea Bizwire) — Municipalities across South Korea are considering cooperation with North Korea including cultural exchanges ahead of major peace talks. Buoyed by the PyeongChang Winter Olympics and the upcoming peace talks, a number of local governments are toying with the idea of resuming economic and cultural exchanges with the North, which came [...]
SEOUL, Apr. 24 (Korea Bizwire) — The number of outbound South Korean women travelers outstripped men for the first time last year. According to a report released by the Korea Association of Travel Agents, over 24.83 million South Korean women traveled abroad last year, excluding flight attendants who accounted for 6.3 percent. In the meantime, the [...]
SEOUL, Apr. 24 (Korea Bizwire) — Cosmecca Korea Co., a local cosmetics maker, said Tuesday it has bought a U.S. original design manufacturer (ODM) in a 57.76 billion won (US$53.7 million) deal as it moves to expand its presence in the global market. The Korean company, listed on the country’s secondary bourse KOSDAQ, said it [...]
SEOUL, Apr. 24 (Korea Bizwire) — Consumer spending has risen in South Korea amid fears over fine dust, a new big data study has revealed. Lotte’s membership brand L.POINT said on Monday that consumer spending in March rose by 3 percent compared to the previous month. L.POINT revealed that sales of products associated with combating fine [...]
SEOUL, Apr. 24 (Korea Bizwire) — Seoul has announced plans to do away with disposable plastic umbrella covers starting from next month. The Seoul Metropolitan Government will no longer use plastic umbrella bags at public buildings and subway stations from May as part of efforts to reduce the use of disposable products. “In light of the [...]