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Samsung Takes Tough Stance Against Online Rumors

SEOUL, Jan. 31 (Korea Bizwire) – Samsung Electronics has started to take action against the online dissemination of false accusations about its products. The company recently revealed the whole story behind a false report about its Galaxy Note 4 phablet that went viral on several Korean IT online communities. According to a post on Samsung’s

January 31, 2015 | Business Plans, Culture & Society, Law & Cases, Social Affairs, Top News | 0 Comments

Big Increase in News Consumption via Mobile Internet

SEOUL, Jan. 31 (Korea Bizwire) – Koreans’ consumption rate of news coverage through public TV networks in 2014 dropped to 84.7 percent from 93.8 percent in 2013, according to a survey of 5,061 Koreans over 19 about Korea’s media consumption in 2014 that was published by the Korea Press Foundation on January 30. The rate

January 31, 2015 | App and Mobile, Consumer Behaviour, Culture & Society, Social Affairs, Statistics, Top News | 0 Comments

Korean Asset Management Firms Increased Their Foreign Stock Trades by 64 Percent

SEOUL, Jan. 31 (Korea Bizwire) – Twelve major Korean asset management firms increased foreign stock transactions via their overseas investment funds by 63.9 percent from 2013 to 2014. The number of said transactions reached 79,687 in 2014, according to an announcement from the Korea Securities Depository (KSD) on January 30. The stock trades within their

January 31, 2015 | Finance & Economy, Financial Market, Personal Finance, Survey & Research, Top News | 0 Comments

Supreme Court Recognizes Suicide by “English Stress” as Occupational Accident

SEOUL, Jan. 30 (Korea Bizwire) – A worker who was scheduled to be dispatched on an overseas project gave up the position due to his poor English ability. However, the extreme stress caused by his English incompetence finally led to his suicide, and a lawsuit from his wife requesting that the death be viewed as

January 30, 2015 | Culture & Society, Law & Cases, Most Viewed, Top News | 0 Comments

Low Oil Prices a Boon for Korean Businesses

SEOUL, Jan. 30 (Korea Bizwire) — Six out of ten Korean businesses expected that currently low oil prices would produce positive effects, such as reduced production costs and sales increases. By industry, the automobile and textile industries showed high expectations, but the shipbuilding, E&C and petrochemical sectors expected losses to result from the low price of oil.

January 30, 2015 | Economy, Energy & Green, Survey & Research, Top News | 0 Comments

Japan’s Orix Chosen as Preferred Bidder for Hyundai Securities

SEOUL, Jan. 30 (Korea Bizwire) – Japan’s Orix Corp. has been picked as the preferred bidder for a controlling stake in Hyundai Securities Co., the fourth-largest brokerage firm by market cap, financial sources said Friday. Earlier this week, Orix Corp. and South Korean private equity firm Pinestreet had submitted their bids for a 36 percent stake

January 30, 2015 | Business Plans, Finance & Economy, Financial Market, Top News | 0 Comments

KRX Delisted as Public Institution, Expanding Abroad

SEOUL, Jan. 30 (Korea Bizwire) — Six years after being designated as a public institution, Korea Exchange (KRX) was finally freed from government regulation that included budget controls and audits, effectively freeing it to move forward with expansion in overseas markets. While it was listed as a public institution, KRX’s business activities were been evaluated on an

January 30, 2015 | Economy, Financial Market, Top News | 0 Comments

People Quotations

U.S. Textbook Publisher Rejects Japan’s Demand for Changes in Sex Slavery Descriptions

Insight Policies & Impact

Seoul City Signs Deal on Provision of Disaster Info
SEOUL, Jan. 30 (Korea Bizwire) — The Seoul city government said Friday it signed an agreement with Daum Kakao Corp., the operator of …
January 30, 2015 | 0 Comments
Deep-Sea Water Rises as Next Generation “Well-being Water”
SEOUL, Jan. 28 (Korea Bizwire) – Deep-sea water is full of various natural minerals contributing to good health, with high antioxidative …
January 28, 2015 | 0 Comments
Day Care Center Abuse Backlash: National Qualification Test Coming
SEOUL, Jan. 28 (Korea Bizwire) — The Korean government is planning to introduce a state-run test for the qualification of child …
January 28, 2015 | 0 Comments

Lifestyle Life & Entertainment

Starbucks and Match to Host the World’s Largest Starbucks during Valentine’s Day
SEATTLE, Jan. 29 (Korea Bizwire) – With Valentine’s Day just around the corner, Starbucks and Match are offering singles new …
January 31, 2015 | 0 Comments
Korea Yakult Creates Donation Staircase
SEOUL, Jan. 30 (Korea Bizwire) — Korea Yakult Corp. is opening its second ‘Donation by Walking Up’ staircase at exit no. 1 …
January 30, 2015 | 0 Comments
Only One out of Five Can Break Chain of Poverty in Korea
SEOUL, Jan. 29 (Korea Bizwire) – Escaping from the bondage of poverty is becoming harder than ever in Korea. The income ladder stands …
January 29, 2015 | 0 Comments

Technology What’s Trending

Alcatel-Lucent Presents Proposal for Korea’s Emergency Management Project
SEOUL, Jan. 31 (Korea Bizwire) – Alcatel-Lucent, a French global telecommunications equipment company, has shown a strong interest in …
January 31, 2015 | 0 Comments
Samsung Takes over Brazil’s Largest Printing Solutions Provider
SEOUL, Jan. 31 (Korea Bizwire) – Samsung Electronics Co. has taken over Brazil’s No. 1 printing solutions company, Simpress, to …
January 31, 2015 | 0 Comments
KAIST’s Wearable Generator on UNESCO List
SEOUL, Jan. 30 (Korea Bizwire) — Korea’s wearable thermo-element technology, which can recharge batteries through skin contact, was …
January 30, 2015 | 0 Comments