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S. Korea to Spend 300 bln Won to Develop Midsized Next-generation Satellites

S. Korea to Spend 300 bln Won to Develop Midsized Next-generation Satellites

SEOUL, Apr. 28 (Korea Bizwire) – South Korea will spend 300 billion won (US$264 million) on developing three medium-sized next-generation satellites to improve the country’s knowledge of space science and permit better management of agricultural resources and the environment, the science ministry said Sunday. The 2019-2025 plan approved by the National Space Committee calls for [...]

Seoul’s Seocho District to Open Artificial Intelligence Research Center in October

Seoul’s Seocho District to Open Artificial Intelligence Research Center in October

SEOUL, Aug. 21 (Korea Bizwire) – News broke on August 20 that an R&D center devoted to artificial intelligence (AI) research will open its doors this coming October in Seoul’s Seocho District. The facility will be housed on four floors at the Korean Federation of Teachers’ Associations building located in the Umyeon neighborhood. Major players [...]

“PB” Private Brand Products Create Profits for Retailers, but Manufacturers Excluded

“PB” Private Brand Products Create Profits for Retailers, but Manufacturers Excluded

SEJONG, Aug. 16 (Korea Bizwire) – The increasing popularity of “PB Products” like E-mart’s “No Brand” goods is lining the pockets of retailers, but doing little to benefit manufacturers according to a report published by the Korea Development Institute (KDI). PB products (Private Brand) are a variety of consumer goods that are produced by manufacturers [...]

Samsung, Mexican Government Team Up to Expand Educational Opportunities in Mexico

Samsung, Mexican Government Team Up to Expand Educational Opportunities in Mexico

MEXICO CITY, Aug. 14 (Korea Bizwire) — It was announced on Saturday that Samsung Electronics and the Secretaría de Comunicaciones y Transportes, Mexico’s Ministry of Communications and Transport, have shaken hands on a deal that will see the Korean company support the Puntos México Conectado (PMC) initiative carried out by the ministry. The initiative is part [...]

Busan Lifts Development Restrictions on Songdo Landfill

Busan Lifts Development Restrictions on Songdo Landfill

BUSAN, Jul. 7 (Korea Bizwire) — The city of Busan has changed Songdo Landfill’s development scheme to embrace a ratio of 80 percent residential buildings to 20 percent business-use buildings, from the current ratio of 50 to 50. With the change, buildings of more than 60 floors will be authorized for development at the site [...]