“Korea’s Northeast Asia Peace and Cooperation Initiative was modeled after the Helsinki Process that has become the foundation for European peace. With the initiative we are working to create a cooperative atmosphere beginning with soft issues.” “In order to realize the vision of the initiative, we held international forums with countries and international bodies like [...]
SEOUL, Nov. 20 (Korea Bizwire) – Park Sam-koo, chairperson of Kumho Asiana Group, disclosed his plan to expand the group’s market share in Vietnam. To date, the group has invested approximately US$500 million in the South Asian country, focusing on airlines, construction, and tire production, and it is prepared to pay more to increase its [...]
SEOUL, Nov. 20 (Korea Bizwire) – The Oscar trophy that Audrey Hepburn received in 1954 for her role in “Roman Holiday” will come to Seoul as the first Oscar trophy exhibited to the public in Korea. The trophy Hepburn garnered as the best actress that year will be exhibited as a part of the “Audrey Hepburn, BEAUTY [...]
SEOUL, Nov. 20 (Korea Bizwire) — A merger between Samsung Heavy Industries and Samsung Engineering has been shelved due to opposition by institutional investors including the National Pension Service. As the big investors exercised their stock buyback rights, the companies saw their merger cost soar and decided to call it off. Some analysts suggested that this [...]
SEOUL, Nov. 20 (Korea Bizwire) — Kim Jong-kook, Korea’s singer and TV personality, was ranked No. 2 among most searched keywords on China’s Baidu search engine. Normally, the ranking was filled with idol star names from China and Korea, with no 30-something celebrities like him ever on the list. Kim gained fame after his appearance on [...]
SEOUL, Nov. 19 (Korea Bizwire) – Koo Bon-joon, vice-chairperson and CEO of LG Electronics, has been delivering pizzas to his employees for more than three years to cheer them up. So far, it is reported that he has sent pizzas to 55,000 LG workers. Koo’s pizza deliveries trace back to 2011 when he sent 80 [...]
SEOUL, Nov. 19 (Korea Bizwire) – Toyota Korea officially launched the latest generation of its Camry on November 18. The price tag was set at 33.9 million won for the XLE 2.5 liter gasoline-engine model, higher than that of Hyundai’s Sonata (22.5 – 29.9 million won), but similar in price to the Hyundai Grandeur (30.2 – 38.7 [...]
SEOUL, Nov. 19 (Korea Bizwire) — SK Telecom said on November 18 that it would introduce addition ways for customers to save communication bills further. Following an announcement on the 13th that it would provide subsidies to conventional mobile phone customers on a budget rate plan, it said today that it will offer at least 80,000 [...]
SEOUL, Nov. 19 (Korea Bizwire) – In a bid to strengthen its presence in the growing Korean solar power generation market, Hanhwa SolarOne will expand its domestic manufacturing capacity. Hanwha SolarOne, headquartered in China with manufacturing facilities in Korea, decided to build a 230-MW photovoltaic module manufacturing facility in Eumseong, North Chungcheong Province. The 230-MW photovoltaic [...]
SEOUL, Nov. 18 (Korea Bizwire) — Global mobile messenger “Line” said on November 17 that it has opened a Line Friends Store within the compound of Everland, a theme park located in the southern outskirts of Seoul. This is the third store in Korea following ones in Lotte Young Plaza in Seoul’s Myung-dong and the [...]