SEOUL, July 13 (Korea Bizwire) — Samsung Electronics is poised to stage another battle with archrival Apple to grab a bigger share of the global smartphone market by releasing devices with wider screens at an international trade show in September, market watchers said Monday. While Samsung has yet to announce the detailed schedule of its next phablet lineup, [...]
“I want to see the railways between the two Koreas be reconnected as quickly as possible. I want it to be a major starting point.” “Railways are actual linking channels for the two Koreas and I wish to discuss many other issues and cooperative projects based on this railway reconnection business.” - Hong Yong-pyo, unification [...]
SEOUL, July 12 (Korea Bizwire) — South Korea’s cigarette tax revenue jumped in the first six months of 2015 from a year earlier on the back of the country’s new tax policy that began as of January, data showed Sunday. The Ministry of Strategy and Finance said it has raked in 4.3 trillion won (US$3.8 billion) [...]
SEOUL, July 12 (Korea Bizwire) – South Korea’s top mobile giant SK Telecom said Sunday it has joined the LoRa Alliance, the largest consolidated effort by industry leaders to enable the Internet of Things (IoT). The company also unveiled plans to promote the trial launch of diverse ‘Internet of Small Things’ services. SK Telecom said it [...]
Seoul, July 9 (Korea Bizwire) — There will be no need to fill out personal information such as names, addresses or phone numbers when applying for a savings account or investment account at a financial institution one is already dealing with, starting as early as the end of the year. Repeated signatures on documents will [...]
Seoul, July 9 (Korea Bizwire) – The Korea Corporate Governance Service (KCGS) has advised the National Pension Service (NPS) to oppose the merger between Samsung C&T and Cheil Industries. According to a statement released by the financial investment industry on July 8, the KCGS recently submitted a report suggesting that the NPS should oppose the proposed [...]
Seoul, July 9 (Korea Bizwire) — Many Korean senior citizens have been pushed to work to make a living, as 3 out of 10 senior citizens over 65 still find themselves participating in the labor market. According to ‘The economic activity traits of elderly people and political tasks’ (by Kang Eun-na, Assistant Researcher), a report [...]
Seoul, July 9 (Korea Bizwire) — It was reported by The Telegraph, the British daily newspaper, that a farm manager in North Korea was executed after turtles at a farm he operated starved to death. The man was executed in mid-May, right after North Korean supreme leader Kim Jong-un visited the farm. When the farm [...]
SEOUL, July 9 (Korea Bizwire) – As more students fail to pay back money borrowed for their tuition, the number of students who are facing legal action increased more than tenfold in just five years. On July 8, the Center for Freedom of Information and Transparent Society unveiled its report on student loan volumes by [...]
SEOUL, July 9 (Korea Bizwire) – An exporter and a banker have been arrested by the prosecutors’ office for illegal transfers of Iranian money worth 25.9 billion won (US$22.8 million) via a Korean bank to third-party companies. The Busan District Prosecutors’ Office announced on July 8 that it had arrested an exporter and a banker, [...]