SEOUL, Jan. 20 (Korea Bizwire) – Philip Morris Korea discounted the price of Marlboro and Parliament cigarettes by 200 won to 4,500 won from January 19. With the price decrease, the price gap between domestic and foreign cigarette products was erased in three years. The industry expects fierce competition for market share among tobacco brands in and [...]
SEOUL, Jan. 20 (Korea Bizwire) – Commemorating Korea’s first automobile export to the U.S. on January 20, 1986, the National Archives of Korea introduced related material including photos and videos through its homepage (www.archives.go.kr) on January 20. The archive agency picks a monthly theme according to major historical events. This month’s theme was titled “Korean Cars [...]
SEOUL, Jan. 20 (Korea Bizwire) – Three major telecommunications carriers in Korea are engaging in a fierce legal battle over the title of the first commercial service provider of tri-band LTE- Advanced (LTE-A) technology. On December 29, SK Telecom, Korea’s largest mobile carrier, announced that it was the first company in the world to launch commercial [...]
YEONGWOL, Korea, Jan. 20 (Korea Bizwire) — Dong-gang Cistar Resort held a special wild animal feeding event on January 19. The resort personnel, composed of 20 executive members and employees, left forage corn and hay on the resort’s two promenade parks, ‘Healing Forest’ and ‘Dong-gang Old Road’ for wild animals suffering from a lack of [...]
DAEGU, Korea, Jan. 20 (Korea Bizwire) — It has been confirmed that at least 68 mountain goats (Naemorhedus goral raddeanus) inhabit the mountainous area in the north of Gyeongsangbuk-do Province. Mountain goats are currently classified as a category 1 endangered species in Korea, which corresponds to the Critically Endangered (CR) and Endangered (EN) classifications from the International [...]
SEOUL, Jan. 20 (Korea Bizwire) — The Korean variety TV show ‘Star King‘ has been running for nine years, and is set to air its 400th episode. Its host Kang Ho-dong and other co-hosts gathered for a press conference celebrating the show’s 400th episode at SBS in Deungchon-dong, Seoul on January 19. Kang said that he [...]
SEOUL, Jan. 20 (Korea Bizwire) – Lee Jae-yong, vice president of Samsung Electronics, and his two sisters held a ceremonial New Year dinner meeting with new executives Monday, the first without their father present as he remains bedridden following last year’s heart attack. Lee Jay-yong, the only son of the patriarch of South Korea’s top [...]
HWACHEON, Korea, Jan. 19 (Kore Bizwire) – On January 17, participants at the Creative Sleigh Contest held at the 2015 Hwacheon Trout Festival are competing in extraordinary sleighs. The festival has drawn more than 800,000 visitors in just 9 days since its opening. The number of foreign visitors reached 15,000 as of January 19, doubling [...]
SEOUL, Jan. 19 (Korea Bizwire) – The South Korean government announced a plan to create a business friendly environment by revising laws limiting investment this year. According to the plan, two new integrated resorts with casinos, an additional 5,000 hotel rooms and four duty-free shops (three in Seoul and one in Jeju) will be constructed [...]
SEOUL, Jan. 19 (Korea Bizwire) – Hyundai Motor will accelerate its wage system revision for production line laborers from the current seniority-based system to a performance-based and job-based wage system. According to industry officials on January 18, the trade union and management of Hyundai Motor Company are now running a joint committee to improve the wage system, [...]