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Two Korean Wetlands Added to Ramsar List

Two Korean Wetlands Added to Ramsar List

SEOUL, May 22 (Korea Bizwire) — Two South Korean wetlands were registered with an intergovernmental treaty on protecting wetlands, officials said Friday, in the latest recognition of the country’s nature conservation areas. Sumeunmulbaengdui, a natural mountainous peat wetland on the southern resort island of Jeju, and the Hanbando Wetland in Gangwon Province, made the list

Strong Legal Action Expected against Illegal Circulation of “As The Gods Will”

Strong Legal Action Expected against Illegal Circulation of “As The Gods Will”

SEOUL, May 22 (Korea Bizwire) – Illegal copies of the Japanese film “As The Gods Will,” which was released in Korea on May 21, are circulating on the Internet, causing the distributor of the film to announce tough antipiracy measures. Sidus Pictures, the importer and distributor of the Japanese thriller, said, “Currently, a ripped version

2G Feature Phone Users Displeased with Data-Centered Rate Plans

2G Feature Phone Users Displeased with Data-Centered Rate Plans

SEOUL, May 22 (Korea Bizwire) — As mobile phone plans rapidly shift from voice-centered to data-centered plans—with free calls and text messages—2G users are feeling left out. The new plans are designed for those who access 3G and LTE service networks with smartphones. As 2G users use mobile phones only for calling and texting, mobile carriers are

Korean Banks Tighten Belt as Interest Margin Declines

Korean Banks Tighten Belt as Interest Margin Declines

SEOUL, May 22 (Korea Bizwire) — As local banks suffer from reduced net interest margins, they are looking to reduce operational costs to overcome their difficulties. KB Kookmin Bank is urging its employees to report their business activities verbally or via email, not through color prints or full color Powerpoint charts to save costs on printer toner

Korea to Expand Customs-related Cooperation with ASEAN to Increase Mutual Trade

Korea to Expand Customs-related Cooperation with ASEAN to Increase Mutual Trade

  SEJONG, May 22 (Korea Bizwire) — South Korea and the Association of Southeast Asian Nations (ASEAN) have agreed to expand customs-related cooperation to fuel trade, the government said Friday. The Korea Customs Service (KCS) said the understanding was reached at the 11th annual meeting of South Korea-ASEAN customs chiefs in Brunei on Thursday. The 10-member

Samsung Closely behind Intel in Chip Sales

Samsung Closely behind Intel in Chip Sales

SEOUL, May 22 (Korea Bizwire) – Samsung Electronics, South Korea’s top chipmaker, narrowed its gap with No. 1 global player Intel in chip sales in the first quarter of the year, data showed Friday. Samsung’s chip sales increased 6 percent on-year in the January-March period to US$9.33 billion, the data compiled by industry tracker IC Insights

BOK Chief Worries over Bleak Job Market for Young Generation

BOK Chief Worries over Bleak Job Market for Young Generation

SEOUL, May 22 (Korea Bizwire) – South Korea’s top central banker on Friday raised worries over bleak job market prospects for the younger generation in the coming years as the country is ready to extend the retirement age to 60 next year, echoing recent policy efforts aimed at revving up structural reform. “Employment is a

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