SEOUL, Nov. 20 (Korea Bizwire) – A study said it is 16 times more likely for passengers in a van to sustain injury in an accident without a seat belt. According to the Road Traffic Authority on November 19 based on a crash test with a 12-seater Hyundai Grand Starex van on a concrete structure at the speed [...]
![[In-depth] Korea Ranked No. 1 in Elderly Poverty Rate among OECD Members](http://koreabizwire.com/wp/wp-content/uploads/2014/11/4256438530_d725ae7d2b_z1.jpg "[In-depth] Korea Ranked No. 1 in Elderly Poverty Rate among OECD Members")
SEOUL, Nov.20 (Korea Bizwire) – On November 1 this year, a single man in his late 60s was found dead in his room with a note and some money left to pay for his funeral and overdue bills. It turned out he had lived with recently deceased mother and he killed himself a few months after sending [...]
SEOUL, Nov.20 (Korea Bizwire) – Ha Ji-won, Korea’s actress, appeared in a charity event held by Operation Smile, an international medical assistance organization specializing in cleft lip and palate repair surgeries, in Vietnam to celebrate its presence in the Southeast Asian country for 25 years. In a press conference and opening gala show held at Lotte Hanoi [...]
SEOUL, Nov. 19 (Korea Bizwire) – The amount of fines imposed on Korean companies for collusion by foreign authorities since 2010 totaled about 1.7 trillion won. According to the Korean Fair Trade Commission on November 18, the amount of fines that competition authorities of various countries imposed on Korean cartels over the past five years starting from 2010 is [...]
SEOUL, Nov. 19 (Korea Bizwire) – Korea’s construction contractors are likely to see their business in building new residential cities overseas increase in the near future. The Ministry of Land, Infrastructure, and Transport said on November 18 that Korea Engineering Consultants Corporation won a project to design the blueprint for a new city building project in Bolivia. The project [...]
SEOUL, Nov. 19 (Korea Bizwire) – Hyundai Heavy Industries has completed the construction of the world’s largest containership capable of holding 19,000 twenty-foot containers. The company held a christening ceremony on November 18 at its Ulsan headquarters building, with China Shipping Group chairman Xu Lirong, China Shipping Container Lines president Zhao Hongzhou, Chinese Ambassador to Korea QiuGuohong, and Hyundai Heavy Industries [...]
SEOUL, Nov. 18 (Korea Bizwire) – From now on, all transaction details related to cross-shareholding among business group affiliates must be disclosed to the public. The Fair Trade Commission said on November 17 that a scheme to prevent owner families from taking unfair profits from the cross-shareholding practice will be implemented from the same day. Earlier on July 25, [...]
SEOUL, Nov. 18 (Korea Bizwire) – The government will provide long-term loans to small- and medium-sized enterprises based on ethical performance of their owners and CEOs. It will also allow banks to take controlling stakes in companies by making long-term loans longer than three years. On November 16, the Financial Supervisory Service announced a plan to introduce a [...]
SEOUL, Nov. 18 (Korea Bizwire) – On the first day of the implementation of the Shanghai-Hong Kong Stock Connect, or “Hu-Gang Tong” scheme, Korean investors put more than 10 billion won in the account. According to Bloomberg and other financial news sources on November 17, the daily net-buying limit of 13 billion yuan (US$2.12 billion) for Shanghai A [...]
SEOUL, Nov. 14 (Korea Bizwire) — Food delivery app service providers are waging a fierce battle surrounding how much they charge to food establishments. Recently, Yogiyo accused its rival Woowa Brothers Corp., the company providing the “Nation of Delivery” service of improper advertising to the Fair Trade Commission. In addition, it filed a complaint with the court [...]