SEOUL, Nov. 27 (Korea Bizwire) — Daewoo Engineering & Construction (E&C) Co. said Wednesday it has broken ground for a high-rise building project in Hanoi, part of a major urban development initiative in the Vietnamese capital. Daewoo E&C said it held a groundbreaking ceremony for the construction project, named K8HH1, part of Hanoi’s Starlake new [...]
SEOUL, Nov. 27 (Korea Bizwire) — Samsung Electronics Co. announced its new leadership Wednesday with a focus on the semiconductor business, in an apparent move to strengthen its future competitiveness in the field. Jun Young-hyun, vice chairman and head of the device solutions division, was named CEO and will also lead the memory business and [...]
SEOUL, Nov. 27 (Korea Bizwire) — The presidential office plans to hold an emergency meeting Wednesday to discuss responses to U.S. President-elect Donald Trump’s proposal to impose tariffs on three trading partners, a senior presidential official said. The meeting comes after Trump said on social media that he will use an executive order to levy [...]
SEOUL, Nov. 27 (Korea Bizwire) — Veteran Doosan Bears catcher Yang Eui-ji will have to wait at least another year to tie the South Korean baseball record for most Golden Gloves. The Korea Baseball Organization (KBO) on Wednesday unveiled a list of nominees for the annual Golden Glove awards, presented to the best overall players [...]
SEOUL, Nov. 27 (Korea Bizwire) — More than 16 centimeters of snow blanketed the capital city Wednesday, marking the biggest snowfall in November since modern weather observations began in 1907, the state weather agency said. As of 7 a.m., Seoul had received 16.5 cm of snow, topping the previous record of 12.4 cm on Nov. [...]
SEOUL, Nov. 27 (Korea Bizwire) — Closed-circuit television (CCTV) cameras have been spotted in classrooms of a newly completed high school in Pyongyang, footage from state media showed Wednesday, signaling a potential increase in scrutiny of young generations against exposure to outside influence. Last week, the Korean Central News Agency (KCNA) and the Korean Central [...]
SEJONG, Nov. 27 (Korea Bizwire) — The number of babies born in South Korea increased by the largest margin in almost 14 years in September, data showed Wednesday, as the country is struggling to address the grim demographic changes of ultra-low birth rate and rapid aging. A total of 20,590 babies were born in September, [...]
JEJU, Nov. 27 (Korea Bizwire) – The Jeju Stone Park in Jocheon-eup, Jeju City, known for its Sky Pond that captivates photo-enthusiastic MZ generation visitors, has been named Jeju’s top public tourist destination. According to an announcement by Jeju Province on November 26, the park earned the highest honors for its innovative attractions, including the Sky [...]
SEOUL, Nov. 27 (Korea Bizwire) – A new survey has revealed that more than three-quarters of South Korean mid-sized companies anticipate increased economic uncertainty when Donald Trump returns to the White House, highlighting growing concerns about potential shifts in U.S. trade and economic policies. The Federation of Middle Market Enterprises of Korea (FOMEK) released the findings [...]
SEJONG, Nov. 27 (Korea Bizwire) – South Koreans experience their largest per-capita financial deficit of 40.78 million won at age 17 and reach their maximum surplus of 17.53 million won at age 43, according to new government data. Labor income begins declining after peaking at 43, leading to a return to deficit spending at age 61. [...]