SEOUL/INCHEON, April 19 (Korea Bizwire) – General Motor Co.’s South Korean unit and its labor union have been holding last-minute negotiations on Thursday over a turnaround plan, a day before the deadline that would see GM Korea file for bankruptcy. The Detroit automaker, which announced in February that it will shut down its Gunsan plant by May, has said GM Korea will file for [...]
SEOUL, April 19 (Korea Bizwire) – Two Vietnamese victims of South Korea’s wartime misdeeds have called on the Seoul government to apologize and take steps to verify the truth behind the alleged mass killings during the 1960-75 war in their country. They claimed that they are still haunted by the harrowing memories of their families being [...]
SEOUL, April 19 (Korea Bizwire) – The corruption trial of former President Lee Myung-bak, who has been indicted over bribery, embezzlement and other charges, will start May 3, a Seoul court said Thursday. Lee, president from 2008 to early 2013, was formally charged last Monday for committing a string of irregularities that largely center on his brother’s lucrative auto parts company, which Lee [...]
SEOUL, April 19 (Korea Bizwire) – Paldo Co., a local food company, said Thursday it has earned a halal certificate for its kids drinks as it moves to bolster overseas sales. Pororo Drinks recently gained certification from the Indonesian Council of Ulama, or MUI, marking the first such case for beverage products targeting children, [...]
SEOUL, Apr. 19 (Korea Bizwire) — South Korean agricultural authorities have revealed plans to decode the genomes of popular agricultural products including strawberries and bell peppers. According to the plans released by the Rural Development Administration (RDA) on Wednesday, the new project will decode the genomes of 23 valuable agricultural products and animals including the Jeju [...]
SEOUL, Apr. 19 (Korea Bizwire) — South Korean cinema giant CGV is warning customers to be wary of profit-seeking scalpers with tickets for the latest Marvel movie Avengers: Infinity War in hot demand. The cinema giant released a statement on its website Thursday, saying, “Customers should be wary of resellers who purchase tickets for a certain [...]
SEOUL, Apr. 19 (Korea Bizwire) — A new study has revealed that underweight people are more likely to make extreme decisions like attempting suicide. The details of the study, which was conducted by a research team at Samsung Medical Center, revealed that people who are underweight are 2.4 times more likely to make extreme decisions, based [...]
SEOUL, Apr. 19 (Korea Bizwire) — With the cost of living soaring, essential household spending in South Korea has risen to an 18-year high, spurred in part by a precipitous increase in grocery prices. Data from the Bank of Korea revealed on Wednesday that South Koreans spent nearly 317.2 trillion won on food, non-alcohol drinks, rent, [...]
SEOUL, April 19 (Korea Bizwire) — The Ministry of Transport has announced it will conduct crash tests for electric and hydrogen cars for the first time this year. According to the execution plan for the 2018 Korean New Car Assessment Program confirmed by the ministry on Wednesday, renewable energy cars will be subject to crash tests [...]
SEOUL, Apr. 10 (Korea Bizwire) — With local elections on the horizon, South Korea is making all-out efforts to root out fake news, with both the government and online platforms implementing changes and cracking down on questionable content. Speaking at the Korea Press Center last Thursday, Prime Minister Lee Nak-yeon, acknowledged the serious threat fake news [...]