SEOUL, Dec. 4 (Korea Bizwire) – The allegations that Miss Myanmar was pushed to act as an escort for rich Korean businessmen by her talent agency in Korea have proven to be true. The dethroned Miss Asia Pacific had earlier accused agency officials of forcing her to offer sexual favors while she was in Korea. The organizer [...]
SEOUL, Dec. 4 (Korea Bizwire) — KT said on December 3 that it has developed a “Giga Microwave” technology that’s ten times faster than the current 100-Mbps services to be deployed in remote rural areas where fiber-optic cables are infeasible. In remote areas, wireless microwave technology is much more economical than fiber-optic connections. But the problem [...]
SEOUL, Dec. 4 (Korea Bizwire) – Car leasing companies are highly likely to shoulder heavy tax burdens starting next January, as the Korean government plans to raise their tax rates. When the policy is implemented, business owners will face tax increases of up to 1360 percent. The Ministry of Government Administration and Home Affairs pre-announced a [...]
SEOUL, Dec. 4 (Korea Bizwire) – Daewoo International, the first Korean private company to acquire gas exploration rights, launched its full-fledged exploration activities to develop natural gas on the East Sea continental shelf. The company announced on December 2 that it began test drilling at the Gorae (Whale) gas field D in the 6-1S block, [...]
SEOUL, Dec. 3 (Korea Bizwire) – YG Entertainment, one of Korea’s top three talent agencies, signed an agreement with Tencent, China’s leading IT firm, to jointly produce and expand the distribution of K-wave content in China. On December 2, the two companies sealed the MOU for their strategic partnership in Hong Kong. According to the [...]
SEOUL, Dec. 3 (Korea Bizwire) – Porsche Korea rolled out three varieties of the new Cayenne model, the most dynamic and efficient trio in the whole Porsche SUV segment. The latest Cayenne lineups include the new Cayenne Turbo, Cayenne S, and Cayenne S Diesel that boast high fuel efficiency without sacrificing any of the power and [...]
“Most Korean investors put their money in domestic stocks and bonds. In view of investment diversification, they need to divide up their portfolio in investment assets overseas like the United States, China, and some European countries.” “Fidelity Asset Management will try to offer various investment products including a yuan-denominated bond fund next year. Given the [...]
SEOUL, Dec. 3 (Korea Bizwire) — As Samsung Group announced its annual president-level reshuffling results on December 1, the attention is now paid to the follow-up announcement on executive-level personnel change and the group affiliates’ organizational change. As for president-level change, the number of presidents sacked and appointed has been somewhat reduced from the last year. [...]
SEOUL, Dec. 3 (Korea Bizwire) – A Singapore marina resort operator is planning to build a world-class marina on the southeastern tip of the Korean peninsula, at the north port of Busan, Korea’s largest port city. The Busan Port Authority (BPA) announced on December 1 that the port operator is in discussions with SUTL, its Singapore [...]
SEOUL, Dec. 2 (Korea Bizwire) – In spite of the sharp warning from the Seoul Metropolitan Government, Uber Korea began its Uber X commercial service from December 1. As the Seoul city government made clear that it would severely crack down on the illegal service, further conflict between the two is inevitable. Uber Korea announced on [...]