SEOUL, Jan. 26 (Korea Bizwire) — South Korea’s chief economic policymaker said Friday the government is “cautiously” considering raising property taxes in yet another attempt to tame rising home prices. Finance Minister Kim Dong-yeon said there are speculative demands in some areas such as the wealthy Gangnam Ward and adjacent districts. “We have been reviewing [...]
SEOUL, Jan. 9 (Korea Bizwire) — The customary nod to the driver as one hops on the morning bus to work may soon be a thing of the past, as telecom giant KT had its application to road test a 45-seat driverless bus in Seoul approved by the Ministry of Land, Infrastructure and Transport. Making [...]
SEOUL, Jan. 8 (Korea Bizwire) – This Thursday, the latest Matt Damon flick, “Downsizing”, premieres at cinemas across South Korea. Its premise is built on the fantastical notion of a technology that can ‘downsize’ human beings to 5 inches in size for the purpose of combating overpopulation, and as one can expect, protagonist Matt Damon [...]
SEOUL, Jan. 4 (Korea Bizwire) — The business district surrounding Gwanghwamun Station, ground zero for 2017′s massive candlelight vigils that played a major role in impeaching former president Park Geun-hye, was found to have profited immensely from the protests. On January 3, SK Telecom cited the findings of its in-house research institute Geovision and revealed [...]
SEOUL, Dec. 5 (Korea Bizwire) – Gangnam District has announced plans to introduce IoT-based paper packaging waste recycling bins for the first time in South Korea. According to the Gangnam District Office on Monday, 53 of the smart paper package recycling bins will be installed at a total of 26 locations within the district, including the [...]
SEOUL, Nov. 27 (Korea Bizwire) – On November 26, the Seoul Metropolitan Government introduced a new taxi app called “Jibro”1 to be released next month, as well as a list of administrative measures to address shortages in late night transportation options. Seoul’s Jibro differentiates itself from other taxi-hailing services like KakaoTaxi in one key way: [...]
SEOUL, Sept. 6 (Korea Bizwire) — The 2017 Gangnam Street Dance Festival Beat One will be held at Coex on September 6. Starting at 6 p.m., the b-boy and freestyle dance show is expected to boast over 1,000 dance contestants. The itinerary is jam-packed with a dance battle competition, cover dance performances and an EDM [...]
SEOUL, Aug. 28 (Korea Bizwire) — For the past two months, Gangnam district has inspected around 50 cosmetic surgery facilities within its boundaries by sending out mystery shoppers. The aim of its covert operation was to “objectively measure the quality of the medical services offered and identify any problems and improve them in order to [...]
SEOUL, Aug. 8 (Korea Bizwire) —In an attempt to encourage pedestrians to recycle, Seoul’s Seocho District is flexing its creative muscle. On August 7, the district office announced that it will place 44 recycling bins designed to look like giant coffee cups throughout the streets of the Gangnam and Banpo neighborhoods. Standing waist high, these garbage [...]
SEOUL, July. 1 (Korea Bizwire) — Plans for Seoul’s largest underground construction project yet have been revealed, which will see the city inject 1.3 trillion won into building a massive ‘underground city’ 30 times bigger than Jamsil Baseball Stadium underneath the busy roads of Gangnam by 2023. According to the master plan for the Yeongdong-daero [...]