SEOUL, March 11 (Korea Bizwire) — The controversial issue of land use fees in a joint inter-Korean factory park in North Korea is expected to add fuel to the already-growing tension between the Koreas over the project, officials said Wednesday. In November, the North’s Central Special Development Guidance Bureau in charge of the industrial complex [...]
SEOUL, March 11 (Korea Bizwire) — Leading European hotel group, Accor of France, is looking to expand its budget hotel chain Ibis in South Korea to target a new pack of travelers with style and technology, its Asia-Pacific director said Wednesday. Patrick Basset, Asia-Pacific chief operating officer for Accor, said major Asian markets have shown double-digit growth [...]
SEOUL, March 11 (Korea Bizwire) — South Korea’s top carrier Korean Air Lines Co. said Wednesday it will take appropriate measures against a suit in New York, filed by one of the firm’s flight attendants related to last year’s “nut rage” case, once the company gets an official notice on the matter. “We have not yet [...]
SEOUL, March 11 (Korea Bizwire) – Hyundai Motor has decided to lower financing rates by one percentage point for all of its models to boost its Korean sales. Last year, Hyundai Motor Group’s market share, including Kia Motors, fell below the 70 percent mark for the first time since 1998 due to strong competition from foreign [...]
SEOUL, March 11 (Korea Bizwire) – It has been reported that more and more middle-aged Koreans are commemorating Valentine’s Day and White Day. According to Lotte Department Store, which analyzed last year’s purchase patterns for customers living in the Busan area, more people in their 40s and 50s purchased chocolates and candies compared to five years ago. [...]
SEOUL, March 11 (Korea Bizwire) — Mercedes-Benz is holding an exhibition of paintings created by children participating in its 2015 Mobile Kids program, an international road safety convention for elementary school children that was initiated by the company. The exhibition, featuring drawings reflective of the children’s individual dreams, will be held at the Mercedes-Benz Songpa Showroom [...]
SEOUL, March 11 (Korea Bizwire) — A famous rubber duck gained immense popularity in Korea between October and November 2014, but what happened to the giant pile of yellow polyvinyl that was nothing more than industrial waste? Lotte Department Store brought new life to the waste by ‘upcycling‘ the polyvinyl, in collaboration with design group [...]
SEOUL, March 11 (Korea Bizwire) — A new FDS (Fraud Detection System) designed to enhance security for mobile phone micropayment will be introduced by the Ministry of Science, ICT and Future Planning (MSIP) in the second quarter, according to an announcement from the ministry on March 10. The FDS will be working as an automatic detector [...]
SEOUL, March 10 (Korea Bizwire) – Gimbap has been selected as the most popular Korean food by Japanese. According to the Korea Tourism Organization’s survey on the top 10 Korean popular foods in Japan, gimbap ranked first. Some 80,000 SNS users participated in the survey. Gimbap is made of steamed white rice (bap) and various other [...]
SEOUL, March 10 (Korea Bizwire) – Thanks to the increased tip-offs on tax evasion, the national tax service was able to collect and additional 1.5 trillion won (US$1.33 billion) last year. Also, it imposed 240 billion won in taxes thanks to borrowed-name bank account reports during the year. The National Tax Service announced on March [...]