SEOUL, June 4 (Korea Bizwire) – As the deadly Middle Eastern Respiratory Syndrome (MERS) virus is spreading rapidly and worry increases, education authorities are canceling classes at more than 500 schools to prevent its spread. According to the Ministry of Education, as of June 3 a total of 544 schools including 196 kindergartens, 273 elementary schools, [...]
SEOUL, June 4 (Korea Bizwire) – As the issue of PM-10 becomes more serious, Korea and Japan put their heads together to find a solution by sharing information on the fine dust. The National Institute of Environmental Research (NIER) of Korea announced that it began the first “Korea-Japan Air-Pollution Research Team Meeting” at its center in [...]
SEOUL, June 4 (Korea Bizwire) – Most of the major Korean IT companies use little renewable energy while consuming significant amounts of power, says Greenpeace. According to a report released by the international environmental advocacy group in June, the seven major IT companies in Korea including Naver, SK C&C, KT, LG CNS, LG Uplus, Samsung [...]
SEOUL, June 4 (Korea Bizwire) – From September or sooner, Korean financial institutions will be able to freely use personal credit information on the condition that individuals are not identified, giving them a way to offer financial products using big data collected from consumers. The Financial Services Commission (FSC) decided on June 3 to move forward [...]
SEOUL, June 4 (Korea Bizwire) — Sales of imported cars in South Korea jumped 20.1 percent in May from a year earlier, driven by strong demand for German vehicles, industry data showed Thursday. According to the data by the Korea Automobile Importers and Distributors Association, 18,386 foreign vehicles were newly registered in the country last [...]
POHANG, South Korea, June 4 (Korea Bizwire) — South Korean slugger Lee Seung-yuop hit his 400th career home run on Wednesday to become the first Korea Baseball Organization (KBO) player to reach the milestone. Lee, the 38-year-old star for the Samsung Lions, took Koo Seung-min of the Lotte Giants over the right field for the historic solo homer [...]
SEOUL, June 4 (Korea Bizwire) — Senior South Korean officials will visit Iran in the coming weeks to secure a foothold in the oil-rich nation before international sanctions are lifted from the country under a pending nuclear deal, a senior official said Thursday. Iran and six world powers led by the United States have been in [...]
SEOUL, June 3 (Korea Bizwire) – Korean health authorities have confirmed that five more people have been infected with the Middle East Respiratory Syndrome (MERS) virus, bringing the tally to 30 as of June 3. The Korean government has already stated that the virus has low infectivity, with Health Minister Moon Hyung-pyo even saying that citizens [...]
SEOUL, June 3 (Korea Bizwire) – Hyundai Motor, a bellwether for Korea’s economy along with Samsung Electronics, saw its stock price collapse more than 10 percent to its lowest level in 57 months on June 2. Shares of the company, the fifth largest automaker in the world, tumbled 10.36 percent to 138,500 won (US$125.3), their [...]
SEOUL, June 3 (Korea Bizwire) – Parkland, a Korean suit-maker, entered into an agreement with a social enterprise to upcycle unused stock fabric by making bags and pouches with the material that would otherwise have been discarded. Parkland signed the MoU with Ecoin Blank to offer discarded stock fabric, and the social enterprise will make upcycled [...]