SEOUL, Jul. 26 (Korea Bizwire) — The complex nature of platonic friendships between men and women are proving to make good television, as an increasing number of South Korean TV networks are airing shows that are based on this concept. The fine line between a friendship and a relationship between men and women is no stranger [...]
SEOUL, Jul. 26 (Korea Bizwire) — High-definition televisions have been found to have a negative impact on tear film, raising the risk of dry eye syndrome, according to a study conducted by South Korean researchers. A research team led by professor of ophthalmology Hwang Jung-min at Seoul National University Hospital said on Wednesday that it had [...]
SEOUL, Jul. 26 (Korea Bizwire) — A collaboration between S.M. Entertainment and Hyundai Motor will see artists from one of the biggest South Korean entertainment companies hit the airwaves in a special mobile studio based on Hyundai’s Solati van. The project dubbed ‘Solati Moving Studio’ was revealed on Tuesday to some surprise, as the unexpected partnership [...]
SEOUL, Jul. 26 (Korea Bizwire) — The South Korean government has criminalized the sale and use of nitrous oxide for the purpose of hallucination, bringing an end to the so-called ‘Happy Balloons’ that have become popular among young Koreans. A new toxic chemicals law amendment was passed after a National Assembly vote, establishing legal grounds to [...]
SEOUL, Jul. 26 (Korea Bizwire) — South Korea will lower the maximum legal lending rate to 24 percent from next year and strengthen supervision of private lenders, in a move to help ease financial burdens for desperate borrowers, the nation’s top financial regulator said Wednesday. Choi Jong-ku, the new chairman of the Financial Services Commission [...]
SEOUL, Jul. 26 (Korea Bizwire) — Doosan Heavy Industries & Construction Co., South Korea’s top power equipment maker, said Wednesday that it has taken over a U.S. gas turbine service provider in a bid to boost its presence in the U.S. market. In June, Doosan Heavy said it signed a preliminary deal to buy ACT [...]
SEOUL, Jul. 26 (Korea Bizwire) — The rate of return for equity funds of Samsung Electronics Co. and other Samsung Group-related firms exceeded 30 percent this year amid the bullish market backed by solid corporate earnings and the global economic recovery, industry data showed Wednesday. The benchmark Korea Composite Stock Price Index (KOSPI) rose 20.40 [...]
SEOUL, Jul. 26 (Korea Bizwire) — LG Electronics Inc. said Wednesday it received a safety certificate from a U.S. evaluator for the high-end LG Signature home appliances. The South Korean tech giant said the approval was granted by U.S.-based safety certification firm Underwriter Laboratories on four premium Signature products — organic light-emitting diode (OLED) TV, [...]
SEOUL, Jul. 26 (Korea Bizwire) — Chung Wang-ok, 78, never thought that he would not be able to see his eldest brother again when his sibling was forcibly enlisted and taken by North Korea’s army during the 1950-53 Korean War. It was not a temporary farewell, but a decades-long painful wait with no promise of [...]
SEOUL, Jul. 26 (Korea Bizwire) — Sales of smartphones through online platforms in South Korea remain sluggish compared with other countries, data showed Wednesday, due mainly to strong dominance of mobile carriers in the mobile phone market. According to the data compiled by Strategy Analytics, the sales of smartphones through online platforms in the country [...]