SEOUL, Jan. 7 (Korea Bizwire) — As global shipbuilding trends are shifting towards a focus on technology, including self-driving ships, Korean shipbuilders are opening a string of research and development (R&D) centers in Pangyo, a district in Seongnam, Gyeonggi Province. Pangyo is often cited as a Korean version of Silicon Valley. Shipbuilding conglomerate Hyundai Heavy [...]
SEOUL, June 29 (Korea Bizwire) – Pangyo, South Korea’s answer to Silicon Valley in the U.S., is home to many technology companies. Its image, however, is being tainted with a highly stressful working environment and rigid work culture. South Korea’s leading internet portal Naver Corp., which saw one of its employees commit suicide due to [...]
SEOUL, March 12 (Korea Bizwire) — Changes are occurring rapidly in the service industry as the minimum wage hike implemented this year has spurred on efforts to scale back labor costs. While convenience store chains are expeditiously implementing automated stores, dining establishments are actively experimenting with expanded self-service and self-checkout policies. Per industry insiders, Emart [...]
SEONGNAM, South Korea, Oct. 20 (Korea Bizwire) – Five government and commercial institutions – Gyeonggi Provincial Government, Ministry of Land, Infrastructure and Transport, Korea Land and Geospatial InformatiX Corporation (LX), KT, and BMW – announced on Wednesday an agreement to establish a self-driving test site in Seongnam, a suburb of Seoul. The site will be [...]
SEOUL, June 3 (Korea Bizwire) – The South Korean government said Thursday it will open a virtual reality (VR) experience center this week in Pangyo, the nation’s mecca for the high-tech industry. The move is part of efforts to create a boom for indoor digital theme parks, according to the Ministry of Science, ICT and Future [...]
SEOUL, Aug. 18 (Korea Bizwire) – In Pangyo, a southern suburb of Seoul that is sometimes called the Korean Silicon Valley, a famous Israeli venture capital firm will open a startup support center to help Korean startups tap into global markets. According to the Ministry of Science, ICT and Future Planning, Yozma Group, the Israeli [...]
SEOUL, March 31 (Korea Bizwire) — Pangyo district in Seongnam city will be developed into a 5G networked model complex by KT. Upon the completion of the Gyeonggi Creative Economy Innovation Center, KT’s support center for ICT venture companies, the company decided to establish a 5G network in Pangyo Techno Valley. KT will also establish facilities [...]
SEOUL, Dec. 1 (Korea Bizwire) – Workers of Samsung affiliates to be sold to Hanwha Group are protesting the massive sell-off of their companies. A Samsung worker even left a post selling his Samsung badge on an online direct commerce site as an expression of his protest against the deal. On November 28, workers of Samsung Total [...]
SEONGNAM, Oct. 17 (Korea Bizwire) – The number of causalities from an accident at a pop concert in Seongnam, South Korea, which was caused by a sudden collapse of a ventilation grate on which most victims were standing to watch K-pop girl group 4Minite concert, has just been identified and confirmed. The nation’s [...]
SEONGNAM, Sep. 24 (Korea Bizwire) – South Korea constructs its first electric tram line in Seongnam City, Gyeonggi Province. Expected to be completed by 2015, the trams that will run for one-point-five kilometers link Pangyo Station to Techno Valley, a district in the satellite city of Pangyo Regarding the tram line, Gyeonggi Governor Nam Kyung-pil [...]