SEOUL, July 15 (Korea Bizwire) – To attract young customers in their 20s and 30s, Korean department stores are holding various promotional events, such as a mega concert with K-pop stars and mobile coupons for VIPs visiting the stores. The department stores are feeling a sense of crisis that if they neglect buyers under 40, [...]
SEOUL, July 15 (Korea Bizwire) – Residents in Pyongyang are enjoying patbingsu, or shaved ice with red bean and fruit, to overcome the summer heat. According to the North Korean Central News Agency (KNCA), local residents are attracted to the cool taste, and are flocking to patbingsu cafes on street corners around Pyongyang. As the treat gains [...]
“If America had contents like ‘Batman’ and ‘Spiderman’, the next character and story can be in Korea. Korea has abundant content, such as movies, dramas and K-pop. I think that being truthful and unique are important virtues for a character.” “Now, there is a demand and thirst for characters and stories seen from an oriental [...]
SEOUL, July 15 (Korea Bizwire) — A specialized education curriculum for companies seeking to enter Islamic markets is set to open for the first time in Korea. KOTRA, the Korean Trade Promotion Corporation, announced that they would be opening the ‘Halal Insight’ program from July 22 to 24. The Korea Institute of Halal Industries will [...]
SEOUL, July 15 (Korea Bizwire) — A consortium led by a Chinese salvage company has been chosen as the preferred bidder for a multimillion dollar project to recover a sunken South Korean ferry, the South Korean government said Wednesday. Last month, 27 firms in seven consortia submitted bids to salvage the ferry Sewol that sank off [...]
SEOUL, July 15 (Korea Bizwire) — South Korea will constantly try to expand development assistance for countries in need, capitalizing on its own experience, Foreign Minister Yun Byung-se said Wednesday. “Korea is the prime example of a least-developed-country-turned-donor. As such, we know from experience what it takes to overcome poverty and promote sustainable development,” he said [...]
NEW YORK / LONDON, July 14 (Korea Bizwire) — Nasdaq’s BWise (Nasdaq:NDAQ), a global leader in enterprise Governance, Risk Management and Compliance (eGRC), announced today that it has been positioned as a category leader in the Chartis RiskTech Quadrant(R) for Enterprise GRC Solutions 2015. According to the Chartis Research report, Nasdaq BWise belongs to the [...]
SEOUL, July 14 (Korea Bizwire) – The wage differential between general contractors and subcontractors has worsened to a critical level, and corrective measures should be applied to curb the trends. The Economic and Social Development Commission held an open forum to discuss the structural situation of prime contractors and subcontractors and its remedies for them [...]
SEOUL, July 14 (Korea bizwire) – Paul Singer, CEO of Elliott Management, released an old photo of himself taken when he visited Seoul World Cup Stadium in 2002 while the co-host country was astonishing the world. With red shirts emblazoned with the “Be The Reds” slogan, he posed in front of the stadium together with his [...]
SEOUL, July 14 (Korea Bizwire) – A special service by a Korean credit card company enabling users to restrict overseas usage of their own credit card by themselves to prevent fraud is gaining popularity. According to BC Card, provider of the “Self On-Off” service, the number of users of the service increased from 5,302 in [...]