YONGIN, South Korea, Oct. 16 (Korea Bizwire) — With the country’s only two Premier Leaguers injured for a key World Cup qualification match Tuesday night, South Korea’s young offensive stars grabbed the opportunity to play additional minutes and ran with it. South Korea got past Iraq 3-2 in their Group B match in the third [...]
SEOUL, Oct. 16 (Korea Bizwire) — The state-run Korea Trade Insurance Corp. said Wednesday that it has granted trade finance of US$1.35 billion to Hyundai Motor Co. for the ongoing construction of an electric vehicle plant in the U.S. state of Georgia. The financial support is aimed at assisting the construction of the EV plant [...]
SEOUL, Oct. 16 (Korea Bizwire) — Han Kang’s books have sold over 1 million copies at an unprecedented rate following her Nobel Prize in Literature win, according to major bookstores Wednesday, marking a new milestone in Korean publishing history. As of 9 a.m., her novels have reached 1.03 million copies in sales across major online [...]
SEOUL, Oct. 16 (Korea Bizwire) — South Koreans voted Wednesday to elect the education chief of Seoul and four local government heads, with the result expected to serve as a litmus test of public sentiment since the April general elections. Up for grabs in Wednesday’s by-elections are five local administrative seats — the superintendent of [...]
SEOUL, Oct. 16 (Korea Bizwire) – When news broke that Han Kang, the 54-year-old novelist who recently won the Nobel Prize in Literature, had received the announcement while having dinner with her son, it reignited interest in a personal anecdote about her decision to have children. The story, which has been circulating on various online communities, [...]
SEOUL, Oct. 16 (Korea Bizwire) — The government will provide low-interest loans and other support worth 8.8 trillion won (US$6.45 billion) for the semiconductor industry by next year in an effort to strengthen the competitiveness of the advanced sector, the finance ministry said Wednesday. It is part of execution plans for the comprehensive support package [...]
SEOUL, Oct. 16 (Korea Bizwire) — For the first two games of the Korea Baseball Organization (KBO) postseason series between the home team Samsung Lions and the LG Twins this week, Daegu Samsung Lions Park turned out to be everything it was cracked up to be: a bandbox that favors hitters. The 8-year-old stadium, located [...]
SEOUL, Oct. 16 (Korea Bizwire) — South Korea added more than 100,000 jobs for the third consecutive month in September, but jobs in the construction sector fell by the most ever amid an industry slowdown, data showed Wednesday. The number of employed people came to 28.84 million last month, up 144,000 from a year earlier, [...]
SEOUL, Oct. 16 (Korea Bizwire) — SK Group Chairman Chey Tae-won has argued to the Supreme Court that SK Inc. stocks and other assets under his name cannot be subject to property division with his estranged wife, Roh Soh-yeong, based on the Civil Act, judicial officials said Wednesday. Chey’s argument was recently submitted in written [...]
SEOUL, Oct. 16 (Korea Bizwire) — The Seoul city government will invest 172.3 billion won (US$126.4) over the next five years in an ambitious design industry development project aimed at nurturing Korean versions of the global furniture giant IKEA, officials said Wednesday. The five-year plan aims to strengthen the design industry in the capital and [...]