SEOUL, May 31 (Korea Bizwire) — The government said Sunday it will soon launch a task force of government officials and civilians to enhance a monitoring system for MERS and take all-out measures to prevent the spread of the viral disease. “We will launch a joint task force of government officials and civilians for all-out efforts [...]
SEOUL, May 29 (Korea Bizwire) – Three Korean students in the state of Utah are making history in the food truck industry with cupbop, rice with Korean barbecued meat and special sauce that is captivating the tastes of Americans. On May 30 at 7:10pm, a KBS documentary program will broadcast a story about the three students [...]
SEOUL, May 29 (Korea Bizwire) – In Korea, people are considered to be senior citizens at the age of 65. As senior citizens, Koreans can receive several benefits such as free transportation, government allowances, admission discounts and so on. However, as Korean society is aging faster than any other countries, many have argued that the [...]
SEOUL, May 29 (Korea Bizwire) – Severe youth unemployment is pushing unemployed university degree holders to the part-time job market. According to a report released by the Korea Research Institute for Vocation Education and Training (KRIVET) on May 28, 69 percent of unemployed university graduates have worked part-time jobs after their graduation. By gender, more women [...]
SEOUL, May 29 (Korea Bizwire) — The ultra high-definition (UHD) TV panel market is forecast to grow more than twofold this year, with South Korean TV panel makers expected to take up a majority share, a report showed Friday. The UHD TV panel market, also known as the 4K market, will likely grow to a size [...]
SEJONG, May 29 (Korea Bizwire) – South Korea’s industrial output dropped at a faster clip in April than a month earlier, a government report showed Friday, escalating concerns over the performance of Asia’s fourth-largest economy. According to the report by Statistics Korea, production in the mining, manufacturing, gas and electricity industries was down 1.2 percent [...]
SEJONG, May 29 (Korea Bizwire) — South Korea’s national debt surpassed the 1,200 trillion won (US$1.08 trillion) mark in 2014 due to increased fiscal spending for the economic recovery and a rise in pension payments for government employees and service members, a government report showed Friday. Gross national debt, including appropriations for pension payments, stood at [...]
SEOUL, May 28 (Korea Bizwire) – After its partial victory in a lawsuit against the U.S. private equity firm Lone Star Funds over the taxation of income generated by the sale of a skyscraper in Seoul’s Gangnam district, the National Tax Service (NTS) is expected to levy the additional tax on Lone Star. On May 27, the [...]
SEOUL, May 28 (Korea Bizwire) – Affected by the low yen, Hyundai Motor, the largest automaker in Korea, lost its No. 2 position in the KOSPI market in terms of market capitalization to SK Hynix. On May 27, shares of the top automaker fell 1.88 percent to 157,000 won from a day earlier, shrinking its market [...]
SEOUL, May 28 (Korea Bizwire) – “With smartphones, users will be able to change their home lighting in 36,000 different ways. At the same time, they won’t need to push a cart at a store. All they’ll need to do is scan barcodes, and the products will be delivered to their homes,” said an SK [...]