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Runners Race 123 Floors to the Top of Lotte World Tower

Runners Race 123 Floors to the Top of Lotte World Tower

SEOUL, April 24 (Korea Bizwire) – A vertical marathon race dubbed Sky Run was held at Lotte World Tower yesterday. During the international marathon event held at the newly opened landmark building in Seoul’s Songpa District, over 900 participants from around the world raced up 123 floors to the top of the towe – 2,917 stairs

Korean Breweries Desperate to Preserve Market Share from Import Beers

Korean Breweries Desperate to Preserve Market Share from Import Beers

SEOUL, April 24 (Korea Bizwire) – Local breweries are on high alert with the emerging presence of imported beer brands in the South Korean market.  Although an estimate, as breweries in South Korea refrain from disclosing specific sales statistics to for competitive purposes, industry experts believe that foreign breweries accounted for more than 10 percent

South Korean Military Acceptance Rate Falls with Population Shift

South Korean Military Acceptance Rate Falls with Population Shift

SEOUL, April 24 (Korea Bizwire) – The competition to join the South Korean military, which recently heightened amid a nation-wide economic downturn and rising youth unemployment, is subsiding with the number of South Korean youth gradually declining.  According to the Ministry of National Defense, there were 566,656 young applicants to South Korea’s mandatory military service

Chungju’s Smart Farming Technologies Bear Fruitful Results

Chungju’s Smart Farming Technologies Bear Fruitful Results

CHUNGJU, South Korea, April 24 (Korea Bizwire) – Chungju, North Chungcheong Province, is making optimistic progress with its smart farm initiatives.  The city launched the project in 2015 by equipping a laboratory at the local Agricultural Technology Center with ubiquitous information technology (u-IT).  The horticulture lab, used mainly for plant research and production, can monitor

SK Chairman Visits Japan on Toshiba Deal

SK Chairman Visits Japan on Toshiba Deal

SEOUL, April 24 (Korea Bizwire) – SK Group Chairman Chey Tae-won headed for Japan on Monday, a visit seen to help the group’s efforts to take over the memory division of Japanese tech giant Toshiba Corp., industry sources said.  Chey is widely expected to meet executives of Toshiba to discuss SK hynix Inc.’s intention to

S. Korea’s Direct Overseas Investment Hits Record in 2016: Report

S. Korea’s Direct Overseas Investment Hits Record in 2016: Report

SEOUL, April 24 (Korea Bizwire) – The direct offshore investments of South Korean companies rose to a record level last year, with that made to the United States nearly quadrupling the figures for China due largely to strong demand for business expansion in the world’s most advanced market, a report showed Monday.   The foreign direct

More South Koreans Scrap Their Cars with Government Incentives for Trade-Ins

More South Koreans Scrap Their Cars with Government Incentives for Trade-Ins

SEOUL, April 24 (Korea Bizwire) – An increasing number of people have junked their cars this year, statistics showed Monday, apparently to take advantage of a government-backed trade-in program for old diesel-powered vehicles. A tally from the Ministry of Land, Infrastructure and Transport said 210,705 cars were scrapped in the January-March period this year, up

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