SEOUL, Jan. 16 (Korea Bizwire) – After the official launch of Naver’s Web Novel only two years ago, there are signs that the platform is succeeding in supporting writers, and helping them to earn a considerable amount of income. According to Naver, the web novel platform now features 109 official writers and around 110,000 amateur [...]
SEOUL, Jan. 16 (Korea Bizwire) — The Korean Government is set to launch a 1.4 billion won (US$ 1.3 million) project to delete Korean citizens’ exposed personal information, said the Korea Internet & Security Agency (KISA) on January 14. The project’s goal is to find cases of illegally collected or mishandled personal information among domestic and [...]
SEOUL, Jan. 16 (Korea Bizwire) — Shinhan Financial Group ranked 36th on the list of Top 500 Banking Brands in a recent issue of The Banker. Shinhan also kept Korea’s no. 1 banking brand position on the list for the fourth consecutive year, and ranked 9th out of the top 10 brands in Asia. Shinhan got [...]
SEOUL, Jan. 15 (Korea Bizwire) — Amid controversy over the encroachment of sole proprietor small businesses by the rise of O2O (online to offline) business, it is expected that service fees of delivery apps, representing O2O business, will decrease over time. According to a report released by the KB Financial Group Research Institute, sales of [...]
SEOUL, Jan. 15 (Korea Bizwire) — Hyundai Motor’s Santa Fe SUV won the “Family Car of the Year” award for two years consecutively in the U.S. with its family-friendly driving features and improved safety. Cars.com granted the award, saying that the Santa Fe earned high scores for family activities, and strengthened safety and driving systems. [...]
“IKEA sells not only furniture but also other household products, but it is categorized as a specialty shop for furniture under the current law. Under these circumstances, it is not regulated with regards to operation hour restrictions or forced closures like other big box retailers, which causes controversy in the aspect of fairness.” “Due to [...]
SEOUL, Jan. 15 (Korea Bizwire) — WeMakePrice, a Korean social commerce company, is suffering a major setback from a decrease in sales, web traffic and online subscribers, thought to be caused by the recent controversy over the company’s firing and re-hiring of 11 merchandising assistants. According to a weekly report by Nielsen Korea on January 14, the [...]
SEOUL, Jan. 15 (Korea Bizwire) — Gyeongsangbuk-do is planning to have Cheongsong National Geopark designated as a Global Geopark by UNESCO, according to an announcement on January 14. The national geopark was confirmed on April 11, 2014 to be the second national geopark in Gyeongsangbuk-do, after the confirmation of the Ulleungdo·Dokdo National Geopark. The provincial government plans [...]
SEOUL, Jan. 14 (Korea Bizwire) – LG Electronics rolled out “Gram 14,” the lightest 14-inch display laptop in the world weighing just 980 grams on January 14. Although it has a wider display than its predecessor, it maintained not only its weight but also its thickness of only 13.4 millimeters, inheriting its ultra slim design. Gram [...]
“I am deeply concerned about the situation of the people who lost their jobs before our investment in Ssangyong Motor. I also worry about the sit-in strikers on the plant’s chimney, and earnestly ask them to come down. The culture of confrontation is not right, I think, and I believe in the value of communication.” [...]