SEOUL, May 14 (Korea Bizwire) — An ingenious effort by a police officer rescued a woman in her 20s from violence by her boyfriend, who suspected her of cheating. According to Suseo Police Station in Seoul, the 112 emergency call center of the Seoul Police received a phone call at 7:19 am on May 8. [...]
BUSAN, May 14 (Korea Bizwire) — HSH Nord Bank, a German financial institution specializing in ship and marine affairs is expected to extend its reach to Busan, the largest port city in Korea. On May 13, Busan Metropolitan City signed an MoU together with Nord Bank and the Export-Import Bank of Korea on the opening of [...]
SEJONG, May 14 (Korea Bizwire) — A nearly unknown South Korean sailor will have successfully completed a solo, non-stop trip around the globe this weekend, becoming the world’s sixth person ever to do so, the government said Thursday. Kim Seung-jin, 53, is scheduled to arrive at a port in Oemok, some 120 kilometers south of [...]
SEOUL, May 14 (Korea Bizwire) — South Korea has trumped other major countries in terms of mobile application (app) usage, with smartphone owners in the country spending most of their time on social messengers, a report showed Thursday. The index gauging the mobile data usage by South Korean smartphone users reached 125 in the first [...]
SEOUL, May 14 (Korea Bizwire) — Amidst controversy over the extent of contributions to the local economy by Jeju’s casino industry despite skyrocketing guests and revenues, the provincial government of the island has begun to prepare methods to expand tax revenues from the gambling industry. Jeju Self-Governing Province announced on May 11 that it had launched a [...]
SEOUL, May 14 (Korea Bizwire) — Four universities in Korea’s southwestern province of Jeolla, including Mokpo National University, Sunchon National University, the Yeosu Campus of Chonnam National University and Sehan University plan to make their campuses smoke-free According to South Jeolla Province, the four universities will sign an agreement with the province to make their campuses smoke-free. [...]
SEOUL, May 14 (Korea Bizwire) — As car leasing grows in popularity in Korea, Korea’s fair trade authority announced that it has corrected several unfair practices in use by leasing firms, including the shifting of registration and acquisition taxes to customers. The Fair Trade Commission (FTC) exposed the unfair practices that burdened customers with unwarranted taxes. [...]
SEOUL, May 13 (Korea Bizwire) — A major business lobby in South Korea called on the government Wednesday to lower its reduction target for greenhouse gas emissions, saying that it is “impossible” to achieve. The government earlier proposed cutting greenhouse gas emission by 30 percent from business-as-usual (BAU) levels by 2020. It plans to submit its [...]
SEOUL, May 13 (Korea Bizwire) — An unidentified reservist went on a shooting spree at a military training camp in Seoul on Wednesday, killing one and wounding three, before committing suicide, the Army said. The reservist “opened fire on his colleagues while receiving training at a military camp in Naegok-dong, southern Seoul, at 10:44 a.m. [...]
SEOUL, May 13 (Korea Bizwire) – Smart TV sets are expected to take up more than 40 percent of global TV shipments in 2015, data showed Wednesday, with South Korean firms anticipated to maintain their lead in the market. Sales of smart TVs are expected to reach 97.1 million units this year, up 11.3 percent from [...]