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Japan Raises Issue with ‘Dokdo’ on S. Korean Olympic Website: Report

Japan Raises Issue with ‘Dokdo’ on S. Korean Olympic Website: Report

TOKYO/SEOUL, Jan. 20 (Korea Bizwire) – Tokyo has complained to Seoul about a reference to Dokdo as South Korean territory on the latter’s Olympic website, a report said Friday.  Citing multiple sources, Kyodo News said the Japanese foreign ministry has asked South Korea to stop referring to the islets as South Korean territory on the

Lotte Set to Approve Exchange of Land for THAAD Deployment

Lotte Set to Approve Exchange of Land for THAAD Deployment

SEOUL, Jan. 20 (Korea Bizwire) – South Korean conglomerate Lotte will likely relinquish its golf club in the rural town of Seongju so the land can be used for the deployment of a U.S. air missile defense system, informed sources said Friday, despite possible repercussions for its business in China.  According to officials from Lotte

New Orders Raise Hopes of Recovery in Shipbuilding Sector

New Orders Raise Hopes of Recovery in Shipbuilding Sector

SEOUL, Jan. 20 (Korea Bizwire) – A series of new shipbuilding orders in recent weeks have raised hopes of recovery in South Korea’s troubled shipbuilding industry, boosted by rising oil prices and a global supply shortage of new ships.  Samsung Heavy Industries Co. said this week that it had won a US$230 million deal to

CJ E&M Shares Fly High in Solo Performance

CJ E&M Shares Fly High in Solo Performance

SEOUL, Jan. 20 (Korea Bizwire) – Shares of entertainment and media content company CJ E&M have been flying high, about the only gainer in the industry hit by China’s move to restrict imports of South Korea’s cultural material, market data showed Friday.  The company’s stock, listed in the secondary market KOSDAQ, closed at 87,200 won

New Government Guidelines to Prevent Air Rage

New Government Guidelines to Prevent Air Rage

SEOUL, Jan. 19 (Korea Bizwire) – Just one month ago, a 34-year-old Korean man went into a fit of air rage on a Korean Air flight from Hanoi to Incheon. The incident attracted international attention after American singer Richard Marx, who was also on the plane, uploaded footage of the encounter on his Facebook page. 

Undercover Police Cars Discourage Bad Driving

Undercover Police Cars Discourage Bad Driving

SUWON, South Korea, Jan. 19 (Korea Bizwire) – Undercover law enforcement vehicles, also called “Amhaeng patrol cars” after Amhaeng-eosa of the Joseon Dynasty, have proven useful in lowering the number of traffic violations on expressways.  The cars, introduced in early 2016, look just like any other passenger vehicle on the road, although police logos are

North Korea Struggles to Exploit Natural Resources

North Korea Struggles to Exploit Natural Resources

SEOUL, Jan. 19 (Korea Bizwire) – A recent report by the North Korea Resource Institute, based in Seoul, revealed that despite the abundance of natural resources in North Korea, the country is failing to make best use of its assets due to the poor state of the country’s processing facilities and a shortage of electric

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