SEOUL, Dec. 24 (Korea Bizwire) — TVXQ, the South Korean pop group, has broken the record of Japan’s Oricon Daily Album Chart again with its new album “With.” “With” has sold 233,000 copies in the first week of its release. Previously TVXQ had topped the Oricon weekly pop chart in 2011 with “Tone,” in 2013 with [...]
SEOUL, Dec. 24 (Korea Bizwire) — Nissan Korea released its electric vehicle Leaf in Jeju Island. On December 23, Nissan Korea held a special ceremony at the Jeju Shilla to deliver its electric vehicle Leaf to the island’s first 15 customers, as well as to donate high-speed electric chargers. The event was attended by Jeju provincial governor [...]
SEOUL, Dec. 24 (Korea Bizwire) — The government will mandate social enterprises to fulfill their disclosure requirements. Some of the social enterprises that turn out unviable through the disclosure process will be forced to close their business while the government stops providing subsidies in the form of salary support. The Ministry of Employment & Labor [...]
SEOUL, Dec. 24 (Korea Bizwire) – International passengers who purchase Internet or mobile flight tickets will soon be able to shorten their boarding process by up to 30 minutes at Korean airports. On December 22, the Ministry of Land, Infrastructure and Transport announced that it is implementing a simplified boarding process service for international passengers with [...]
SEOUL, Dec. 24 (Korea Bizwire) – Hyundai Motor is aiming to develop high performance vehicles following the hiring of former BMW executive Albert Biermann, who led the development of BMW’s M series performance cars. On December 22, Hyundai-Kia Motor Group announced that it had hired the former BMW M chief engineer as vice president in charge of vehicle [...]
NEW YORK, Dec. 23 (Korea Bizwire) — Nasdaq today announced that Barclays Bank PLC (“Barclays”) will be transferring the listing of ten iPath(R) exchange-traded notes (ETNs) from NYSE Arca to The Nasdaq Stock Market, effective on or about Monday, December 29, 2014. The ETNs will be traded as a designated security. “We are excited to [...]
SEOUL, Dec. 23 (Korea Bizwire) – As cyber-attacks such as the breach of the Korea Hydro and Nuclear Power Company’s systems by an unidentified hacker group increase, the South Korean government is stepping up its efforts to check emergency response plans in the private sector. According to the Ministry of Science, ICT and Future Planning, [...]
SEOUL, Dec. 23 (Korea Bizwire) – POSCO Engineering, a subsidiary of steel mill giant POSCO, won a bid to construct a clean room facility worth US$123 million in Thailand. The company announced on December 22 that it received a letter of agreement for the construction of a clean room from world famous hard drive manufacturer Seagate. [...]
SEOUL, Dec. 23 (Korea Bizwire) — Daum Kakao, Korea’s top messaging app operator, said on December 22 that it plans to invest 100 billion won (US$ 91 million) to establish an investment firm by January 23, 2015. Park Ji Hwan, the former strategy chief of Daum Kakao, is slated to be the first CEO of [...]
SEOUL, Dec. 23 (Korea Bizwire) — Auction, a Korean e-commerce company, unveiled four key retail trends that shaped 2014 based on its own customer analytics, including analysis of the fifteen bestselling products through ‘All Kill,’ Auction’s hot deal section on its retail website. Auction’s four key retail trends can be abbreviated to ‘SNS MOM.’ The [...]