SEJONG, South Korea, March 17 (Korea Bizwire) — More than 22,000 cases of suspected deceptive advertising on social media were identified in South Korea last year, as authorities intensified efforts to regulate undisclosed sponsored content. The Fair Trade Commission (FTC) released its 2024 Social Media Deceptive Advertising Monitoring Report on Sunday, revealing that 22,011 posts [...]
JEONGSEON, South Korea, March 17 (Korea Bizwire) — Kangwon Land’s Mind Fulfillment Center (KLACC: KangwonLand Attentive Mind Care Center) has become the first operator in South Korea’s gambling industry to publish research on the effectiveness of its gambling addiction treatment program in a peer-reviewed academic journal. According to Kangwon Land, findings from its intensive meditation [...]
SEOUL, March 17 (Korea Bizwire) — As global consumer electronics sales continue to slump, South Korea’s tech giants are finding new growth in an unexpected direction: business-to-business solutions, particularly in heating, ventilation, and air conditioning (HVAC) systems. Samsung Electronics has seen its consumer electronics and visual display division revenue stagnate, with annual sales of 60.64 trillion won [...]
SEOUL, March 17 (Korea Bizwire) — Hanwha Ocean Co. said Monday it has secured a 2.3 trillion-won (US$1.59 billion) order from Evergreen Marine Corp. of Taiwan to build six ultra-large liquefied natural gas (LNG) carriers. The 24,000 twenty-foot equivalent unit (TEU) ships will feature advanced eco-friendly technologies by Hanwha Ocean, including dual-fuel engines and shaft [...]
SEOUL, March 17 (Korea Bizwire) — MBC said Monday it will edit out actor Kim Soo-hyun’s scenes from its variety show “Good Day” as much as possible amid an ongoing controversy over his underage dating allegations. The “Queen of Tears” star has been under intense scrutiny since March 10, when a YouTube channel first raised [...]
SEOUL, March 17 (Korea Bizwire) — The defense ministry said Monday it began an annual project to recover the remains of soldiers killed during the 1950-53 Korean War, seeking to find more than 220 missing service members this year. Since 2000, the ministry has been working to excavate and identify the remains of fallen soldiers [...]
SEOUL, March 17 (Korea Bizwire) — Swedish furniture giant IKEA said Monday it will open its first outlet in Seoul and fifth in South Korea next month amid efforts to boost its sales in Asia’s fourth-largest economy. IKEA advanced to South Korea with its first outlet in Gwangmyeong, just south of Seoul, in 2014, and [...]
SEOUL, March 17 (Korea Bizwire) — Acting President Choi Sang-mok on Monday instructed the government to engage with the United States to prevent any adverse impact on energy cooperation following Washington’s designation of South Korea as a ”sensitive” country. The U.S. Department of Energy (DOE) under the previous Joe Biden administration made the designation in January [...]
SEOUL, March 17 (Korea Bizwire) — Yasiel Puig, former National League All-Star back for a second tour of duty with the Kiwoom Heroes in the Korea Baseball Organization (KBO), has not played for a week in the ongoing preseason due to some muscle spasms. With the regular season just five days, though, the Heroes’ manager, [...]
SEOUL, March 17 (Korea Bizwire) — Korean Air Co., South Korea’s flagship air carrier, said Monday it plans to expand and revamp its lounge facilities at Incheon International Airport, the main gateway to Seoul. The airline will establish new Prestige Garden lounges at the airport’s newly constructed east and west sections, while the existing Prestige [...]