SEOUL, December 15 (Korea Bizwire) – Daiso, Korea’s price-point retailer chain, announced that its annual sales surpassed the 1 trillion won (US$ 905 million) mark in 2014. This figure set a new annual sales record for the company, which opened its first variety store, ‘Asco Even Plaza’, in 1997. Daiso stores offer 30,000 household products, most of [...]
SEOUL, December 15 (Korea Bizwire) – As of January 1, 2015, all restaurants, cafes, bars and bakeries in South Korea are to go smoke free regardless of their size. Korea, once known as a smoker’s paradise, has seen an expansion of smoking bans in public and business places since 2009. In 2009, South Korea’s Ministry for Health [...]
SEOUL, Dec. 15 (Korea Bizwire) — Shin Eun-mi, a Korean-American woman in her early 50s, is at the center of a controversy surrounding her remarks ostensibly in support of the North Korean regime. She appeared in a police questioning on December 14 after being accused of violating the National Security Law by conservative civic groups. Meanwhile, a [...]
![[In-depth] Foreign Investment Firms Put out Rosy Predictions for 2015 Korea Economy](http://koreabizwire.com/wp/wp-content/uploads/2014/12/34402175_m-800x512.jpg "[In-depth] Foreign Investment Firms Put out Rosy Predictions for 2015 Korea Economy")
SEOUL, Dec. 15 (Korea Bizwire) – Foreign investment firms are putting out a series of optimistic forecasts for the stock market in 2015, which are overall more generous than those of domestic firms. For example, Fidelity Worldwide Investment, the asset management firm with US$280 billion under management, said in a recent report on the Korean market for [...]
SEOUL, Dec. 11 (Korea Bizwire) — It was reported belatedly that an automobile expert who raised safety problems with Hyundai cars on TV interviews was accused by the auto maker for libel. According to the Namdong District Police Agency in Incheon on December 10, Hyundai Motor raised a charge against an automotive expert and owner of a [...]
SEOUL, Dec. 11 (Korea Bizwire) — “Raemian,” the brand for Samsung C&T‘s apartments, was ranked No. 1 for 15 consecutive years in the apartment brand category by BrandStock. According to the brand evaluation company on December 10, Raemian of Samsung C&T took the position in the apartment category by winning 829.7 points out of 1,000 in the [...]
SEOUL, Dec. 11 (Korea Bizwire) — The Korea-Vietnam free trade agreement has been reached on December 10 after 28 months of negotiations since beginning talks in August 2012. Korean President Park Geun-hye held a meeting on the same day with Vietnamese Prime Minister Nguyen Tan Dung in Busan ahead of the 2014 ASEAN-Korea Commemorative Summit and declared [...]
SEOUL, Dec. 10 (Korea Bizwire) — Oh Won-kuk, a 30-year-old man residing in Gwangju, sent his Apple iPhone 5 on November 14, 2013 to a service center as his phone lost power too frequently even when the bars indicated sufficient battery power. At the time, he had used the newly purchased phone less than one year, which [...]
SEOUL, Dec. 10 (Korea Bizwire) — The Ministry of Science, ICT and Future Planning will push for healthcare R&D projects that are directly related to citizens’ health and welfare. On December 9, the ministry announced that it has selected five healthcare service projects including mobile health scenario and platform development and biomarker-based diagnostic devices. Its budget set [...]
SEOUL, Dec. 9 (Korea Bizwire) — It is by now a well-known fact that Uber has stepped on so many city officials’ toes by launching taxi services in major cities across the world. In Korea as well, the Ministry of Land, Infrastructure, and Transport and the Seoul city government tried to stop the service by declaring it [...]