SEOUL, June 15 (Korea Bizwire) – “It is one of my principles to say farewell with a smile. I think I should leave you with smiles to come back again. I already have lots of memories in my life. It (military service) will be another cool memory in my life,” said TVXQ’s U-know Yunho. [...]
SEOUL, June 15 (Korea Bizwire) — KT, South Korea’s No. 2 mobile carrier, said Monday it has created a new mobile network that offers gigabyte (GB) speed to customers, as it takes a step closer to the next-generation 5G network. The Giga-LTE service can achieve a peak speed of 1.17 gigabytes per second (Gbps), 15 [...]
SEJONG, June 15 (Korea Bizwire) — South Korea posted a trade surplus for the 40th month in a row in May as imports dropped at a faster pace than exports, customs data showed Monday. According to the data by the Korea Customs Service (KCS), the country’s trade surplus reached US$6.3 billion last month, down from $8.53 [...]
SEOUL, June 15 (Korea Bizwire) – South Koreans are increasingly turning to online channels for grocery shopping as they eschew their usual visits to grocers amid the continued spread of Middle East Respiratory Syndrome (MERS), industry data showed Monday. South Korea has reported 150 MERS infections since the first case was confirmed on May 20, [...]
SEOUL, June 14 (Korea Bizwire) – Tens of thousands of South Koreans have canceled blood donations amid fears over a possible infection by the MERS virus that has claimed 15 lives in the country since late May, the Korean Red Cross said Sunday. Some 230 organizations and more than 25,000 people have called off blood donations [...]
SEOUL/SEJONG, June 13 (Korea Bizwire) — The World Health Organization (WHO) said Saturday South Korea is bracing for a drawn-out battle against Middle East Respiratory Syndrome (MERS), saying its outbreak is “large and complex.” The warning came amid reports of a rebound in the daily tally of confirmed cases. A dozen new infections were found, raising the [...]
SEOUL, June 12 (Korea Bizwire) – Korean stock firms are engaged in an increasing number of legal battles, and eight out of ten lawsuits are bringing them to the dock. According to the Financial Consumer Agency on June 11, the 58 stock firms serving the Korean stock market were engaged in 444 lawsuits seeking 1.728 [...]
SEOUL, June 12 (Korea Bizwire) – A law professor at Hongik University in Seoul caused a stir by including texts ridiculing former Presidents Kim Dae-jung and Roh Moo-hyun on his final exam. According to the university’s student council, the professor surnamed Ryu included the English texts mocking the former presidents on the test for his American Contact Law [...]
SEJONG, June 12 (Korea Bizwire) — South Koreans are cutting back on their cash gifts and donations as the economy remains sluggish, government data showed Friday. According to the data by Statistics Korea, transfer spending that includes cash given as wedding and condolence gifts fell in the first quarter after backtracking in the October-December period. [...]
“(The BOK) will likely proceed in the direction of sustaining its accommodative stance as it is difficult to be positive about domestic economic recovery. Policy circumstances may rapidly change due to factors such as a possible U.S. rate hike, but there is a need to be prudent in adjusting the stance of the monetary policy [...]