SEOUL, Feb. 21 (Korea Bizwire) – The city of Jeonju is set to develop 100 urban forest areas for urban heat-island reduction, said the city government on February 20. The forest areas will be developed at schools, apartments, streets and rooftops in varying sizes. A total of 400 million won (US$ 360,000) will be spent this [...]
SEOUL, Feb. 20 (Korea Bizwire) — In 2014, 46 Korean children earned more than 100 million won (US$ 90,000) from their stock holdings, according to research firm FnGuide. These children are sons and daughters of CEOs and executives of Korean companies, and the richest of them all is the eleven-year-old daughter of Park Jin-Ho, CEO of Daebong [...]
SEOUL, Feb. 20 (Korea Bizwire) – Kwon Ik-Jae is a craftsman of yeon, a Korean kite, and is a man on mission. Aged 55, he has been flying an immense quantity of kites every Lunar New Year day for the past several years. This year was no exception, as he flew 150 kites on February 19 [...]
SEOUL, Feb. 20 (Korea Bizwire) – A sea of small bags flooded Gwanghwamun Square on February 19. The bags are called ‘bok jumoni’, which can be translated into lucky bag. Koreans use these bags to keep the pocket money given to them by their elders on Lunar New Year day. The 304 lucky bags adorned a [...]
SEOUL, Feb. 18 (Korea Bizwire) — Kwang Ju Bank, a local bank in Gwangju in South Jeolla province, is growing a strong customer base through a newly introduced mobile banking desk. The mobile offices have been installed on a remodeled 16-ton truck, outfitted with three counseling stalls and two ATMs. The ATMs were specifically arranged to be [...]
SEOUL, Feb. 18 (Korea Bizwire) — Chinese money is entering the Korean insurance market for the first time in its history. Anbang Insurance Group finalized a 1.13 trillion won (US$ 1.01 billion) takeover of Korea’s Tongyang Life on February 16, according to reports from the Korean finance industry. The Chinese company agreed to take a combined 63 [...]
SEOUL, Feb. 18 (Korea Bizwire) – Kim Jung-Wook and Lee Chang-Geun, two men protesting against Ssangyong Motor’s 2009 layoffs on the rooftop of a 70 meter-tall smokestack at Ssangyong’s Pyeongtaek assembly plant, have chosen not to descend to spend their Lunar New Year holidays with their families. The protestors said, on February 17, that they would not [...]
SEOUL, Feb. 18 (Korea Bizwire) – Kim Sang-Ah, a 24-year-old Jeju University student, became the first female marine ROTC cadet in Korea. She earned the Korea Marine ROTC cadetship, along with 30 other official cadets, at a Jeju University’s cadet enlistment ceremony on February 17, after passing the qualification test in June 2013. She now faces [...]
SEOUL, Feb. 18 (Korea Bizwire) – The Korean Ministry of Culture, Sports and Tourism (MCST) is set to carry out various promotional and safety-related measures as part of preparations for a massive inflow of Chinese tourists during the Spring Festival, China’s most celebrated holiday. The MCST is planning to conduct monitoring, which will be operated by [...]
SEOUL, Feb. 18 (Korea Bizwire) – Daewoo Shipbuilding & Marine Engineering (DSME), the second largest shipbuilder in the world, has had eleven of its vessels selected as the best ships of 2014 by several magazines exclusively dedicated to shipbuilding and shipping, including Naval Architect, Maritime Reporter and Marine Log, said the company on January 21. Three container [...]