SEOUL, March 26 (Korea Bizwire) – A thief who stole a pricy imported bicycle and carried the locked two-wheeler for 18km to avoid CCTV detection was eventually caught red-handed by police officers who tracked him using 68 different CCTV feeds over a period of eight days. According to the Gangseo Police Station in Seoul on [...]
“It is my understanding that the U.S. government, lawmakers, scholars and the press shared a very solid consensus about the issue of the shared history between South Korea and Japan. The U.S. puts significance on its alliance with Seoul in terms of strategic values … So I’d like to say that we deserve to have [...]
SEOUL, March 26 (Korea Bizwire) — The number of asylum applications hit a record high in South Korea last year, with people from Egypt, Pakistan and China dominating the list of asylum seekers, a U.N. report showed Thursday. South Korea recorded 2,900 asylum applications in 2014, up 81 percent from the 1,600 tallied in the [...]
SEOUL, March 26 (Korea Bizwire) — Kia Motors released exterior images of the latest version of its K5 mid-size sedan ahead of its official showcase at upcoming Seoul Motor Show. The new K5 has chrome-lined headlamps and a hot-stamped sporty, widened radiator grille, demonstrating a “luxurious and powerful” front impression. Kia, South Korea’s second-largest carmaker, [...]
SEOUL, March 26 (Korea Bizwire) – LG Electronics, South Korea’s No. 2 tech firm, plans to roll out its latest LTE network-powered smartwatch in Korea. The LG Watch Urbane LTE comes with its own universal subscriber identity module (USIM) card that allows users to make phone calls without being paired with smartphones. It will be [...]
SEOUL, March 26 (Korea Bizwire) — The market value of bio and health care shares listed on the South Korean stock markets surpassed 30 trillion won (US$27.22 billion) for the first time as investors pinned high hopes on their future growth, the bourse main operator Korea Exchange (KRX) said Thursday. The combined market cap of the [...]
SEOUL, March 26 (Korea Bizwire) — BMW Korea, the local unit of German carmaker BMW, launched the i8 plug-in hybrid electric vehicle (PHEV) in South Korea on Thursday, igniting competition in the burgeoning environmentally friendly car market. The i8 plug-in sports car is equipped with an engine and an electric motor, which can be charged from [...]
SEOUL, March 26 (Korea Bizwire) – South Korea’s top tech giant, Samsung Electronics, reduced its combined expenditures on wages and advertisements in 2014 apparently due to its lackluster earnings, data showed Thursday. The market behemoth handed out 9.3 trillion won (US$8.44 billion) to its employees in 2014, down 0.3 percent from a year earlier, its [...]
SEOUL, March 25 (Korea Bizwire) – As the Shenzhen Stock Exchange is expected to open to international investors in the latter half of this year, Korean securities companies are busy preparing to join the market by aligning their trading systems and analyzing the stock items in the market. According to financial industry observers, the stock connect [...]
SEOUL, March 25 (Korea Bizwire) – Foreign tourists have picked the unfriendly shopping environment and price gouging as the biggest inconveniences of travelling in Korea. In addition, taxi services are still dissatisfying to foreigners in Korea. According to the Tourism Complaints Center run by the Korea Tourism Organization (KTO), there were 888 complaints raised by foreign visitors [...]