Koreabizwire | Be Korea-savvy

Headlines Today’s Top News

Seoul Introduces Short-Route Buses to Ease Rush Hour Traffic

Seoul Introduces Short-Route Buses to Ease Rush Hour Traffic

SEOUL, Feb. 21 (Korea Bizwire) – Riding a public bus during rush hour can be an unpleasant way to start or end a day, especially on routes that are particularly busy with commuters.  In order to ease over-crowded buses on Seoul’s busiest routes, the Seoul metropolitan government announced Tuesday the launch of what are being

Court Rules in Favor of Korean Fashion Company in Hermès Copyright Dispute

Court Rules in Favor of Korean Fashion Company in Hermès Copyright Dispute

SEOUL, Feb. 21 (Korea Bizwire) – A Seoul appeals court on Tuesday ruled in favor of South Korean fashion brand PLAYNOMORE in a copyright lawsuit filed by Hermès, upsetting a previous ruling in favor of the French luxury brand.  The dispute goes back to November 2015 when Hermès filed a lawsuit against the Korean company,

Government Deliberates New Plans for Low-Income Households amid Soaring Debt

Government Deliberates New Plans for Low-Income Households amid Soaring Debt

SEJONG, Feb. 21 (Korea Bizwire) – The South Korean government is planning on new measures to support the livelihood of low-income families, who are among those suffering the most from the country’s recent economic struggles.  According to officials, South Korea’s household credit jumped by 11.7 percent in 2016 compared to the year prior, setting a

Volkswagen Offers $900 Vouchers to Emissions Scandal Victims

Volkswagen Offers $900 Vouchers to Emissions Scandal Victims

SEOUL, Feb. 21 (Korea Bizwire) – Audi Volkswagen Korea has finally come up with a solution to save itself from plunging consumer confidence – an 871-dollar (1 million won) voucher to each of its car owners as part of a program rather ironically dubbed the “We Care Campaign” – the first compensation of any kind

South Korea Builds New Air Traffic Control Center in Daegu

South Korea Builds New Air Traffic Control Center in Daegu

DAEGU, Feb. 21 (Korea Bizwire) – The Daegu metropolitan government announced Monday that its second air traffic control (ATC) and new air traffic control center (ATCC) are expected to be completed by July of this year, making South Korea’s fourth largest city by population a central hub for air traffic control. The first ATC in

Korean Youth Increasingly Indifferent to Stock Investing

Korean Youth Increasingly Indifferent to Stock Investing

SEOUL, Feb. 21 (Korea Bizwire) – The local stock market is struggling to attract young investors amid prolonged economic hardships, a record high youth unemployment rate, and an increasing number of “house poor” individuals and families.  Besides the fact that the benchmark Korea Composite Stock Price Index (KOSPI) has hovered in the same 1,850 –

Chinese Land Ownership in S. Korea Surges: Report

Chinese Land Ownership in S. Korea Surges: Report

SEOUL, Feb. 21 (Korea Bizwire) – Land owned by Chinese individuals and companies in South Korea has increased by more than five-fold over the past five years, a report showed on Tuesday.  The amount of land owned by Chinese entities here came to 16.9 million square meters last year, marking a 486-percent hike from 3.7

Insight Policies & Impact

Lifestyle Life & Entertainment

Technology What’s Trending

Korea Today Photo Stream

Business Business & Industry

Marketplace News Release