SEOUL, April 15 (Korea Bizwire) – Following Wednesday’s unexpected election results that saw the opposition Minjoo Party perform much better than expected, previous calls for quantitative easing from the Saenuri Party are increasingly unlikely to come to fruition. The quantitative easing measures were suggested by Kang Bong-gyun, who spearheaded the Saenuri’s Party election campaign, causing conflict between the [...]
SEOUL, April 12 (Korea Bizwire) – South Korea launched a tour program that offers a hands-on experience of Korean traditional culture tailored for Chinese travelers visiting Seoul, the state-run Korea Tourism Organization (KTO) said Tuesday. The travel package includes a pedicab ride to the traditional village, local market tour and a Korean cooking class as well [...]
SEOUL, April 12 (Korea Bizwire) – State broadcaster KBS said Tuesday it will air a marathon of three “Descendants of the Sun” episodes on election day this week. Episodes 12 to 14 of the KBS 2TV series will air from 3:05 p.m. to 6:30 p.m. on Wednesday, which is when the country’s 20th general elections will [...]
SEOUL, April 12 (Korea Bizwire) – As part of Hyundai Motor’s ‘design management’ initiatives, the automaker recently welcomed masters of supercar design to its Korean offices. According to industry sources, supercar designers including Professor Peter Stevens of the Royal College of Art, Lowie Vermeersch of Italy’s Granstudio, and automobile designer Simon Cox spoke at the [...]
SEOUL, April 12 (Korea Bizwire) – South Korea and China on Monday agreed to extend their currency swap deal scheduled to expire next year in a bid to better cope with possible fallout stemming from mounting financial market uncertainties and widely expected U.S. rate hikes. South Korea’s Finance Minister Yoo Il-ho met with People’s Bank of [...]
SEOUL, April 8 (Korea Bizwire) – South Korea’s state pension fund will invest around 1 trillion won (US$866.7 million) in overseas hedge funds for the first time this year as part of its efforts to diversify its investment portfolios, the health ministry said Friday. The plan was submitted to a public pension fund operation committee, which [...]
SEOUL, April 8 (Korea Bizwire) – Audi Volkswagen Korea has come up short in a suit filed against the Fair Trade Commission (FTC) after facing sanctions for paying power bloggers to write positive reviews about its vehicles. On April 7, The Seoul High Court ruled that Audi failed in its appeal against the FTC. The plaintiff [...]
YONGIN, April 8 (Korea Bizwire) – A pair of Chinese panda bears that arrived in South Korea last month were unveiled to the public for the first time at an amusement park here Friday, as the city of Yongin hopes the animals will draw more tourists to the region. The pandas, named Ai Bao and Le Bao, [...]
SEOUL, April 8 (Korea Bizwire) – Research indicates that sex offenders‘ eye movements are different from ordinary people. According to a report issued by Professor Min Yoon-gi from Chungnam University’s psychology department, ordinary people, sex criminals and child molesters display different patterns of eye movement. The team studied the eye movement of 18 male students from [...]
SEOUL, April 8 (Korea Bizwire) – Prosecutors said Friday they have indicted South Korea’s three mobile carriers on charges of violating a law strictly banning excessive discounts or subsidies to customers. The Seoul Central District Prosecutors’ Office said the carriers — SK Telecom Co., KT Corp. and LG Uplus Corp. – are accused of paying subsidies far over [...]