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 [...]
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 [...]
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 [...]
SEJONG, Feb. 3 (Korea Bizwire) – The government said Wednesday it will nurture the property market into becoming a high value-added service sector by boosting real estate investment funds in a bid to make it a new economic growth engine. The Ministry of Land, Infrastructure and Transport said it will lower barriers and give tax [...]
SEOUL, Nov. 18 (Korea Bizwire) - North Korea unveiled detailed plans Wednesday to develop its special economic zone in the border city of Rason aimed at luring foreign investment amid an economic slowdown and a series of U.N. sanctions. The North made public the comprehensive plan in what is seen as part of efforts to turn [...]
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 [...]