SEOUL, Sept. 30 (Korea Bizwire) – The Korea Fair Trade Commission has launched an investigation into Baedal Minjok, the country’s largest food delivery app, over allegations that it forced restaurants to offer it the most favorable pricing terms. Restaurant owners claim that Baedal Minjok, commonly known as Baemin, pressured them to keep prices on its platform [...]
SEOUL, Sept. 23 (Korea Bizwire) — The state-run Korea Electric Power Corp. (KEPCO) said Monday it plans to freeze electricity rates for the fourth quarter. KEPCO said it will keep the adjusted unit fuel cost — a key part of the country’s electricity rates — unchanged at 5 won (US$0.003) per kilowatt-hour for the October-December [...]
SEOUL, Apr. 2 (Korea Bizwire) — South Korean telecom firm KT Corp. on Tuesday introduced its mobile data plan for 5G smartphones, hoping to attract customers with wide coverage and a range of content. KT, the nation’s second-largest mobile carrier, launched three 5G mobile with free international roaming data in South Korea and 185 countries. [...]
DULLES, Va., Aug. 13 (Korea Bizwire) — ATPCO today announced that it has been awarded Patent #10,032,195 by the United States Patent and Trademark Office to cover new technology, developed by its data scientists and technical architects, that enables construction of airline ticket prices using graph database and “functional programming” techniques. This technology permits a [...]