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, May 6 (Korea Bizwire) – Telemarketers can be annoying, and sometimes leave you wondering how they got your phone number. The KCC (Korea Communications Commission) revealed on May 5 that in accordance with the newly revised Information & Communications Network Law, telemarketers must reveal the source from which they acquired the personal information of [...]
SEOUL, Feb. 26 (Korea Bizwire) – South Korea selected a consortium led by U.S. casino operator Mohegan Sun as the winner of an integrated resort project, the tourism ministry said Friday, allowing one more casino on the western gateway island of Yeongjong. Mohegan’s bid with South Korean chemicals maker KCC Corp. envisions US$1.6 billion investment [...]
SEOUL, Apr. 17 (Korea Bizwire) — The Korean government has finally had enough of the three major mobile carriers’ habitual practice of collecting fingerprint information by scanning the back of customers’ ID cards as an identity verification measure. Fingerprint information is found on the back of all Korean ID cards, and the total number of [...]
SEOUL, Jan. 22 (Korea Bizwire) — South Korea’s telecommunications watchdog decided Thursday to refer the local unit of U.S. cab-hailing service provider Uber Technologies Inc. to the prosecution for violation of rules, adding to the string of legal challenges the U.S. venture startup faces here and abroad. The Korea Communications Commission (KCC) said in a [...]
SEOUL, Nov. 12 (Korea Bizwire) – Something expedient but controversial, rising cases of wealth transfer taking advantage of lowered stock prices amid the stagnant economy among some owners of the domestic conglomerates, have come to the fore of late. According to Chaebul.com, as of November 6, minors who own stocks valued over 100 million won [...]