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S. Korean Firms Fret About China’s THAAD Threat

S. Korean Firms Fret About China’s THAAD Threat

SEOUL, Feb. 23 (Korea Bizwire) – South Korean companies and duty-free shops remain jittery over China’s threats that the deployment of a high-tech U.S. missile defense battery on South Korean soil would wreak havoc on their business, industry sources said Thursday.  With Seoul and Washington pushing ahead with the deployment in defiance of China’s strong [...]

Cosmetics Products Drive up Duty-Free Sales

Cosmetics Products Drive up Duty-Free Sales

SEOUL, Feb. 23 (Korea Bizwire) – Make-up products accounted for more than half of the annual sales at duty-free shops in South Korea last year, fueled by brisk demand from foreign tourists immersed in Korean entertainment culture, data showed Thursday.  The combined cosmetics revenue from duty-free chains, including top players Lotte Duty Free and Shilla [...]

Tesla Begins Receiving Orders for Model S Electric Car Ahead of Launch

Tesla Begins Receiving Orders for Model S Electric Car Ahead of Launch

SEOUL, Feb. 23 (Korea Bizwire) – U.S. electric carmaker Tesla Motors has begun receiving orders for its luxury Model S electric vehicle that is expected to be officially launched in South Korea in May, market sources said Thursday.  According to the sources, Tesla Korea, the local distributor of the car, recently informed local customers who [...]

SNS Analysis Shows Popularity of Home Delivery Subscriptions

SNS Analysis Shows Popularity of Home Delivery Subscriptions

SEOUL, Feb. 22 (Korea Bizwire) – Delivery subscriptions for products other than conventional newspapers or milk are becoming more popular in South Korea, and now address a variety of needs and wants including personal interests and pastime activities.  According to BINS 3.0, SK Planet’s social analysis system, online mentions of “delivery subscription” – on blogs, [...]

Refunds Soar for Children’s Video Game Payments Using Parents’ Credit Cards

Refunds Soar for Children’s Video Game Payments Using Parents’ Credit Cards

SEOUL, Feb. 22 (Korea Bizwire) – The number of underage children using their parents’ credit cards or cell phones (direct carrier billing) to pay for their gaming ventures is on the rise, and as a result, refund requests from parents receiving monthly billing surprises are also growing.  According to the Korea Consumer Agency, there were [...]

Artificial Intelligence is Coming to Journalism, but Not Everyone is Happy

Artificial Intelligence is Coming to Journalism, but Not Everyone is Happy

SEOUL, Feb. 22 (Korea Bizwire) – Two major South Korean web portals – Naver and Daum – have introduced artificial intelligence mechanisms that can recommend news articles to viewers.  Article arrangement is a crucial part of the news editing process, and considering that Naver and Daum are two of the most popular platforms for South [...]

Government Complex Adopts Facial Recognition System after Successful Trial

Government Complex Adopts Facial Recognition System after Successful Trial

SEJONG, Feb. 22 (Korea Bizwire) – The Government Buildings Management Office – operating four of South Korea’s major government complexes in Sejong, Daejeon, Gwacheon, and Seoul – is officially implementing a facial recognition identification system after the success of a one-month trial.  According to officials on Tuesday, the accuracy rate of the system has reached [...]