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Coupang Returns to Delivery Market

Coupang Returns to Delivery Market

SEOUL, Jan. 15 (Korea Bizwire) — The delivery market is bracing for Coupang Corp.’s move to jump into the delivery business. Coupang Logistics Service, a subsidiary of South Korea’s leading e-commerce operator, was recently certified by the Ministry of Land, Infrastructure and Transport to engage in cargo distribution business. Coupang Logistics acquired distributor certification by [...]

Carbon Border Tax Could Create Huge Financial Burden for Major Korean Exporters

Carbon Border Tax Could Create Huge Financial Burden for Major Korean Exporters

SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s major export companies may have to bear a significant financial burden if the European Union (EU), the United States and China introduce a proposed carbon border tax in 2023, a Seoul bureau of environmental activist group Greenpeace said Thursday. According to a report revealed by Greenpeace Seoul, [...]

AI Robots Sort Cans and Plastic Bottles Automatically in Seoul

AI Robots Sort Cans and Plastic Bottles Automatically in Seoul

SEOUL, Jan. 15 (Korea Bizwire) — Seoul’s southeastern Songpa district said Thursday it will collect and sort cans and plastic bottles automatically using artificial intelligence (AI)-based resource circulation and collection robots. The district office will install a couple of such robots within its district. The AI-based robots will automatically sort, compress and store cans and [...]

Real-time Earthquake Monitoring Offered Through YouTube

Real-time Earthquake Monitoring Offered Through YouTube

SEOUL, Jan. 15 (Korea Bizwire) — The Korea Meteorological Administration (KMA) held the official launch of its new ‘Earthquake Monitor Video Service’ on Wednesday. This service enables users to view the state weather agency’s real-time earthquake monitors and analysis through YouTube videos. Thus far, the KMA’s earthquake information was limited to only earthquake alerts that [...]

Universities to Freeze Tuition as Coronavirus Pandemic Drags On

Universities to Freeze Tuition as Coronavirus Pandemic Drags On

SEOUL, Jan. 14 (Korea Bizwire) — Tuition fees at most universities are expected to remain unchanged as the coronavirus is raising prospects that online classes will continue for the new semester, frustrating both universities and students. Seoul National University recently decided to freeze tuition for both undergraduate and graduate schools for the new 2021 academic [...]

Retailers Compete over Same-day Delivery Service

Retailers Compete over Same-day Delivery Service

SEOUL, Jan. 14 (Korea Bizwire) — South Korean retailers are competing over same-day delivery as the coronavirus pandemic drags on. Demand for same-day delivery has been increasing among double-income households as it allows them to receive any delivery if ordered two or three hours before they get off work. The hypermarket chain Lotte Mart reported [...]