SEOUL, June 17 (Korea Bizwire) – A special “vending machine” designed to collect donations for animal welfare or other causes has been installed in Seoul. On June 16, the Seoul Metropolitan Government announced that it set up the reverse vending machine that accepts cans, PET, paper and glass bottles for recycling on a street in the [...]
“The outbreak of the respiratory illness is fueling uncertainties just when the domestic economy started gaining traction helped by (a) rise in consumption. The measures will be unveiled at the end of this month.” “The MERS outbreak has started to weigh down on consumer spending and other areas. Sales at department stores and large discount [...]
SEOUL, June 17 (Korea Bizwire) — A court decision that gave approval to a local consortium’s bid to acquire Pantech will likely give the embattled handset maker an opportunity to rebuild its business after its recent sale attempts fell through due to lack of interest, market watchers said Wednesday. The Seoul Central District Court on [...]
SEJONG, June 17 (Korea Bizwire) — South Korea’s cigarette tax revenue jumped in the first five months of 2015 from a year earlier due mainly to a tax hike, government data showed Wednesday. Starting this year, the tax levied on a pack of cigarettes rose by 2,000 won (US$1.79), raising the average price per pack [...]
SEOUL, June 16 (Korea Bizwire) – As cooking shows gain popularity among late night TV programs, TV watchers are purchasing more food by mobile, especially between 10pm and midnight. According to Ticket Monster, an online shopping site in Korea, which analyzed mobile purchasing patterns trends from January to May, sales of food from 10pm [...]
SEOUL, June 16 (Korea Bizwire) – From August, drivers who cause traffic accidents while manipulating or watching DMB will receive penalty increases of 10 percent against their responsibility for the accident. In addition, the Financial Supervisory Service (FSS) will add 15 percent more responsibility on drivers who cause accidents in safety zones that protect those vulnerable [...]
SEOUL, June 16 (Korea Bizwire) – A Korean entertainment company will produce a localized version of the American legal drama “Suits” to be aired next year. The Korean version of the drama will be produced by EnterMedia Pictures, which was co-founded by EnterMedia and EcoGlobal Group, the talent agency representing actor Daniel Henney and actress Kim [...]
SEOUL, June 16 (Korea Bizwire) — The teenage North Korean soldier who defected to South Korea this week left his barracks earlier this month and finally crossed the border after a week-long journey, the Joint Chiefs of Staff (JCS) said Tuesday. On Monday, the 19-year-old lowest-ranking North Korean enlistee defected to the South through the [...]
SEOUL, June 16 (Korea Bizwire) — Kia Motors, South Korea’s second-largest carmaker, said Tuesday that its cumulative exports will likely exceed 15 million units soon, a feat that comes four decades after it started to sell its cars in global markets. Kia Motors said in a press release that its cumulative exports stood at around [...]
SEOUL, June 15 (Korea Bizwire) – The Soul EV, an electric vehicle from Kia Motors, was named as the Alternative Energy City Car of the year by French journalists. According to the second largest carmaker in Korea, the Soul EV won the prize at the Prix Auto Environnement MAAF awards. Established in 2005, the prize [...]