SEOUL, May 25 (Korea Bizwire) — LG Electronics Inc. said Tuesday it will release a new model of the LG Room & TV, a dual-purpose product that can be used as smart TV and computer monitor. The new model is easy to install and move since it integrates a 27-inch IPS display with FHD (1,920 [...]
SEOUL, May 24 (Korea Bizwire) — Online shopping spending increased after social distancing rules were lifted. According to the survey conducted jointly by local e-commerce platforms Gmarket and Auction of 5,320 customers, 51 percent of the respondents said their spending increased somewhat in May after social distancing rules were fully lifted, followed by 26 percent [...]
BUSAN, May 24 (Korea Bizwire) — The Busan Mass Transit Citizen’s Funds Foundation said Monday it will apply a new design introducing the southern port city of Busan’s famous tourist attractions to some of the city’s intra-city buses and subway cars. The Busan Marine Bus and the Metro Marine, both scheduled to be operated until [...]
DAEJEON, May 23 (Korea Bizwire) — The near ubiquity of kiosks at restaurants and stores nationwide has led to an increasing number of related patents, data showed Sunday. The Korean Intellectual Property Office reported that the number of patents submitted in the last 10 years (2012 to 2021) grew by 16 percent each year. The [...]
DAEGU, May 23 (Korea Bizwire) — A wall dedicated to BTS member V in Daegu has been extended. Daegu’s Seo District recently added a 25-meter extension to the outer wall of Daeseong Elementary School. V is a graduate of the school. Also known as the ‘V Mural Street’, the wall has tiles decorated with messages [...]
SEOUL, May 23 (Korea Bizwire) — Samsung Electronics Co. announced that it will introduce the MyBespoke service in the U.S. this year, offering customers the option to customize the design of their own Bespoke refrigerator. The service is intended for Samsung’s French Door Bespoke refrigerator, the upper panel of which can be decorated with family [...]
SEOUL, May 23 (Korea Bizwire) — Foreign bank branches in South Korea saw their combined net profit down 4.5 percent in 2021 due to a rise in securities-linked losses amid market downswings, data showed Monday. The combined net income of 35 foreign lenders’ local branches stood at 1.15 trillion won (US$904.4 million) in the fiscal [...]
SEOUL, May 22 (Korea Bziwire) — Chinese people purchased nearly 7,000 buildings in South Korea last year, with more than half of the properties being from the Greater Seoul area, a ruling party lawmaker said Sunday. A total of 6,640 buildings, including apartments, were purchased by Chinese nationals last year, and 2,659 of them are [...]
SEOUL, May 22 (Korea Bizwire) — Foreign investors have sold nearly 15 trillion won (US$12 billion) worth of South Korean stocks this year through mid-May as they fled to safe haven assets amid growing stagflation worries, the country’s main bourse said Sunday. From Jan. 1 through Friday, foreign selling stood at 14.8 trillion won on [...]
SEOUL, May 20 (Korea Bizwire) — South Korean conglomerate Hanwha Group on Thursday unveiled the Solar Beehive, which is run by electricity generated from solar power. The Beehive set up for a test drive at the Korea National University of Agriculture and Fisheries will become home to some 40,000 bees who will play a crucial [...]