SEOUL, April 8 (Korea Bizwire) – A study has proved that no-smoking ordinances from local governments have contributed to lower smoking rates in communities across the country. After the revision of the National Health Promotion Act in 2010, local governments have competed to pass laws banning smoking in public areas such as streets, bus stops [...]
SEOUL, April 8 (Korea Bizwire) – As more Korean consumers seek overseas direct purchases, consumer complaints are mounting in the sector. Most complaints were related to delivery issues and product defects. The Korea Consumer Agency announced on April 7 that the number of consumer counseling cases related to overseas direct purchases skyrocketed from 149 cases [...]
“The government should quickly wrap up a technical review and raise the ferry Sewol if the recovery is possible.” “It will take a large sum of money, but that citizens will support the plan wholeheartedly if the government seeks their understanding.” - Yoo Seong-min, floor leader of the ruling Saenuri Party SEOUL, April 8 [...]
SEOUL, April 8 (Korea Bizwire) — As two-income couples are increasing, more of them are leaving their children with their parents while they are at work. ‘Twilight Parenting,’ or ‘grand-parenting,’ is a newly coined term for this trend of elderly citizens in their 60s and 70s rearing their grandchildren. According to Statistics Korea, 2.5 million [...]
SEOUL, April 8 (Korea Bizwire) — The Ministry of Employment and Labor (MOEL) is completely banning the use of asbestos in Korea, according to a statement from April 7. The use of materials containing asbestos has been gradually prohibited since January 2007. However, some industries and military facilities were exempted due to lack of substitute [...]
SEOUL, April 8 (Korea Bizwire) — Smokers are more stressed and drink more than non-smokers, according to a report from the Ministry of Health & Welfare (MOHW) published on April 7 that examined the habits of 220,000 Koreans. While 70.3 percent of smokers had more than one alcoholic beverage per month, the same was true [...]
SEOUL, April 8 (Korea Bizwire) — The number of foreign customers at the seven major banks in Korea has surpassed 5 million for the first time. According to bank industry representatives on April 7, the number of non-Korean customers at KB Kookmin, KEB, Hana, Nonghyup, Shinhan, Woori and IBK reached 5.48 million last year, which [...]
AUSTIN, TX, April 7 (Korea Bizwire) — SolarWinds (NYSE: SWI), a leading provider of powerful and affordable IT performance management software, today announced enhancements to SolarWinds® Database Performance Analyzer (DPA) to improve the performance of business-critical applications by optimizing SQL Server®, Oracle® and other database operations — whether apps are hosted on premises, in a [...]
CARROLLTON, OH, April 7 (Korea Bizwire) — Advanced Power announced today that it has successfully closed a $899 million project financing with its partners TIAA-CREF, Chubu Electric Power Company, Ullico and Prudential Capital Group providing $411 million in equity commitments and BNP Paribas, Credit Agricole and eight other commercial banks providing $488 million in senior [...]
SEOUL, April 8 (Korea Bizwire) — Funds that invest in Chinese stocks have soaked in money in South Korea as investors were flocking to the mainland equities ahead of the launch of a new trading scheme connecting Shenzhen and Hong Kong, data showed Wednesday. Mainland Chinese stock funds have drawn a net 675 billion won [...]