SEOUL, Nov. 6 (Korea Bizwire) — As the Bank for International Settlements regulation on the capital adequacy ratio is tightened, more and more banks increasingly rely on the issuing of contingent convertible bonds, or CoCo bonds, for their preferred means of procuring capital. That’s because the issuing company doesn’t need to count shares in its calculation of [...]
SEOUL, Nov. 6 (Korea Bizwire) — “We will create a new wave in Korea’s liquor market with the single-grain scotch whiskey.” Cho Kil-soo, president of Diageo Korea, said this on November 5 at the Grand Hyatt Seoul in a press conference to debut the “Haig Club,” Korea’s first single-grain whiskey. The Haig Club was launched first in [...]
SEOUL, Nov. 5 (Korea Bizwire) – Some of the workers at KT who refused to take a voluntary retirement offer by the company have complained of harassment and discrimination in work assignment. KT’s union members, jointly with human rights lawyers and advocacy group members as well as the offices of lawmakers Lee In-young and EunSumi (both New [...]
SEOUL, Nov. 5 (Korea Bizwire) – An upscale open-street shopping mall will spring up along the Bangchuk Stream in the Sejong metropolitan autonomous city by 2017. The Multifunctional Administrative City Construction Agency said on November 3 that it signed land sale contracts with four final bidders. Since August this year, the agency has invited bidders to build [...]
SEOUL, Nov. 5 (Korea Bizwire) – As a new government scheme to regulate bookstores from selling their books at excessively discounted prices is set to go into effect, the bookselling industry is busy responding to the change. In order to clear inventories before the November 21 deadline, many online and brick-and-mortar booksellers have gone on bargain sale [...]
SEOUL, Nov. 4 (Korea Bizwire) – From now on, public establishments such as factories, large retail stores, commercial buildings, and public baths will be able to sell surplus electricity to an open market. The Ministry of Trade, Industry and Energy said on November 3 that it has approved a revised rule on electricity market operations. According to [...]
SEOUL, Nov. 4 (Korea Bizwire) – Seoul Asan Medical Center, in partnership with Hyundai Heavy Industries, has succeeded in developing a surgical robot after three years of R&D effort. The pilot version of the robot can get a sample of tissue with a needle from the source of lesion area about 1 centimeter over the abdomen and [...]
![[Infographic] All about bruxism or teeth grinding](http://koreabizwire.com/wp/wp-content/uploads/2014/11/teeth-grinding-thumbnail.jpg "[Infographic] All about bruxism or teeth grinding")
SEOUL, Nov.3 (Korea Bizwire) – Occasional teeth grinding is not such a serious condition, but frequent bruxism can cause damage to the teeth and jaw pain. A lot of people are unaware of bruxism while sleeping, and often a sleep partner is the first to notice. If you don’t treat it, you may lose your teeth, have [...]
SEOUL, Nov. 3 (Korea Bizwire) – A typical excuse by large corporations that “we have no cash to invest” turns out one of the biggest lies they make. Even amid the prolonged recession and worsening financial results, top conglomerates are swamped with cash in their coffers. A study said the cash balance held by Korea’s top-ten business [...]
SEOUL, Nov. 3 (Korea Bizwire) – For two days since October 31 when all three mobile telecom service operators began offering iPhone 6 for new subscribers, only LG Uplus was able to show subscriber number increase by a large margin. In the number portability sweepstake launched in earnest after the October 31 introduction of the iPhone 6 [...]