SEOUL, Feb. 13 (Korea Bizwire) – “Sajangmon,” a tit-for-tat site against the Albamon commercial that upset small business owners as it describes them as mean employers, will be closed after strong public opposition. The manager of the Internet community for employers protesting against the Albamon commercial announced on February 11 that the Sajangmon site will [...]
SEOUL, Feb. 13 (Korea Bizwire) — Chow Tai Fook Enterprises of Hong Kong has decided to invest US$2.6 billion, the largest ever foreign direct investment in Korea, at Yeongjong Island in Incheon by 2022. With the group’s backing, the island is expected to be reborn as a casino resort complex. On February 12, the CTF group [...]
SEOUL, Feb. 13 (Korea Bizwire) — Although Valentine’s Day has in the past been celebrated in Korea with enthusiasm, it appears that young Koreans are starting to get fed up with all the troubles they have to go through to enjoy the holiday. According to a survey conducted by matchmaking services firm DUO on 542 [...]
SEOUL, Feb. 12 (Korea Bizwire) – Korean teachers are most likely to regret their career choice among other OECD peers, as almost 20 percent regret becoming teachers. According to Yang Jung-ho, a professor of education at Sungkyunkwan University, who analyzed 105,000 middle school teachers based on the OECD report “Teaching and Learning International Survey 2013”, Korean [...]
SEOUL, Feb. 12 (Korea Bizwire) – Hyundai Motor Group and Korea Exchange Bank have joined together to form a new model to develop social enterprises. On February 11, the world’s fifth largest automobile maker and the exchange bank signed a business agreement to jointly invest in social enterprise EasyMove, a manufacturer and marketer of physical aids [...]
SEOUL, Feb. 12 (Korea Bizwire) – The Fair Trade Commission of Korea has ordered Lock & Lock to correct an advertisement that unfairly claims that the food containers of a rival company are inferior to its own products, based on false tests. According to the fair trade watchdog, Lock & Lock, a food container manufacturer, made [...]
ULSAN, Feb. 12 (Korea Bizwire) — A local court on Thursday ruled in favor of the Hyundai Heavy Industries‘ union, ordering the company to count regular bonuses as base pay. Ten unionized workers at the world’s largest shipbuilder had filed a lawsuit against the company early last year, claiming regularly paid bonuses should be included [...]
SEOUL, Feb. 12 (Korea Bizwire) — The combined share of Samsung Electronics and SK hynix, South Korea’s chip giants, in the global DRAM market stood at over 70 percent for the first time in the fourth quarter of 2014, data showed Thursday. Their portion together came to 70.4 percent as of the end of December, up from [...]
AUSTIN, TX, Feb. 12 (Korea Bizwire) — SolarWinds (NYSE: SWI), a leading provider of powerful and affordable IT performance management software, today announced essential enhancements to its flagship Network Performance Monitor (NPM) to improve business mobility and uptime. With new wireless heat mapping, IT Pros can maintain automatic, real-time maps of wireless network signal strength [...]
INCHEON, Feb. 11 (Korea Bizwire) — At least two people were killed and more than 40 injured on Wednesday after a bus started a 100-vehicle pileup on a bridge near Incheon International Airport, South Korea’s main gateway, police said. The collision took place at 9:34 a.m. on the Seoul-bound side of the bridge linking this [...]