SEOUL, July 3 (Korea Bizwire) — The ‘No Japan’ boycott movement against Japanese products that broke out last July after Japan imposed export restrictions on South Korea has had a serious impact on last year’s imported beer market. The Korea Agro-Fisheries & Food Trade Corp. reported Thursday that the retail market for beer in the [...]
SEOUL, July 3 (Korea Bizwire) — KCC Corp., a major construction materials producer, announced on Thursday that in collaboration with Pohang University of Science and Technology (POSTECH), it had succeeded in turning waste factory heat into electric energy for the first time in South Korea. The two entities teamed up to carry out an empirical [...]
SEOUL, July 3 (Korea Bizwire) — Advertisement boards installed at subway stations in Seoul will be replaced with new ones that can be folded into emergency doors. Seoul Metro plans to remove 4,258 stationary safety doors currently in place in 132 subway stations on subway lines 1-8 and 1,987 advertisement boards attached on top of [...]
SEOUL, July 3 (Korea Bizwire) — Going forward, artificial intelligence (AI) and big data technology will be used in South Korea to select individuals subject to tax audits, the tax agency said Thursday. The National Tax Service (NTS) announced that it will trial a big data analysis system for sorting out borrowed-name bank accounts this [...]
SEOUL, July 3 (Korea Bizwire) – Social distancing measures and the temporary closure of research institutes to prevent the spread of the coronavirus are making it difficult for bio-health researchers to carry out their clinical tests. According to industry sources on Thursday, the Korea Health Industry Development Institute conducted a survey of 362 chief researchers [...]
SEOUL, July 3 (Korea Bizwire) — LG Uplus Corp., a major South Korean telecommunications firm, has revealed details of a “reverse mentor” program in which new employees born in the 1990s serve as mentors for high-ranking executives. The goal is for the new employees to share knowhow on how to better communicate with the so-called [...]
SEOUL, July 2 (Korea Bizwire) — Controversy sparked by K-pop star G-Dragon’s suspected negligence of his pet dog is leading to a heated discussion online whether negligence is a form of abuse. A recent post on an online forum reported ‘suspected negligence of G-Dragon’s pet dogs living at a vacation cabin run by the K-pop [...]
SEOUL, July 2 (Korea Bizwire) — South Korean bears locked up for gall extraction will be transferred to a sanctuary in the United States. The Korean Animal Welfare Association (KAWA), an animal protection agency, held a press conference at Gwanghwamun Square in central Seoul on Wednesday announcing that an agreement had been reached with bear [...]
SEOUL, July 2 (Korea Bizwire) — This year’s air conditioning market is seeing new trends emerge as air circulators are outstripping electric fans in sales, and movable or window air conditioners are gaining popularity. E-Mart Inc., South Korea’s largest discount store chain by sales, announced Wednesday that total air conditioner sales from June 1 to [...]
SEOUL, July 2 (Korea Bizwire) — The French luxury brand Christian Dior began to raise prices of its major bags Thursday, industry sources said, as people’s demand for luxury goods has not been subdued even amid the pandemic-caused economic slump. Dior will increase the price tags of its major products, including Dior Lady bags, by [...]