SEOUL, Sept. 6 (Korea Bizwire) – NHN Entertainment took the first step to enter the e-commerce market in Korea. The game company announced on September 4 that it would purchase 5.1 million shares of Korea Cyber Payment at the cost of 64.19 billion won, or about US$62.7 million. After its paid-in capital increase, the Korean game publisher [...]
SINGAPORE, Sept. 4 (Korea Bizwire) — Singapore Airshow, Asia’s largest and one of the most important aerospace and defense exhibitions in the world, contributed S$319 million to the Singapore economy in 2014, according to a recent study by Kadence International. This represented a 25 per cent increase from the 2012 edition. The event, held from [...]
SEOUL, Sept. 4 (Korea Bizwire) – South Korea boasts its best packages delivery service, unmatched by any other nation in the world. Korean consumers can receive goods purchased online within just a day and this speedy delivery system is largerly credited to the committed efforts made by the local delivery worker – estimated at about 45,000-strong manpower in the nation. For the [...]
SEOUL, Sept. 4 (Korea Bizwire) – A fan club for a member of K-pop boy group Beast will donate a well in Cambodia to celebrate his birthday. Dear JS, a fan café for Jang Hyun-seung comprised of his fans in their 30s, decided to dig a well in Cambodia on the occasion of his 26th birthday on [...]
SEOUL, Sept. 4 (Korea Bizwire) – Hana Bank announced it signed an RMB loan commitment between the Seoul branch of Industrial and Commercial Bank of China (ICBC) worth US$50 million. Thanks to the agreement, Hana Bank, which had already secured committed lines denominated in dollar and yen for its urgent liquidity needs, could not only diversify its foreign currency lending [...]
TORONTO, ONTARIO, Sept. 3, 2014 (Korea Bizwire) — BMO Financial Group (TSX: BMO)(NYSE: BMO) today announced leadership changes at BMO Capital Markets. Darryl White, Head of Global Investment & Corporate Banking, is appointed Group Head, BMO Capital Markets; Patrick Cronin, Head of Trading Products, is appointed Chief Operating Officer, BMO Capital Markets. These appointments are [...]
SEOUL, Sept. 4 (Korea Bizwire) – Royal Canin, a world famous pet food provider, decided to set up one of its global production lines in Korea, a strategic move to gain a foothold in the Asian market which sees a surging pet loving population as time advances. According to North Jeolla Province, the provincial government and Royal [...]
SEOUL, Sept. 4 (Korea Bizwire) – For the safety of kids, SK Telecom and KT teamed up with the education ministry to expand their joint kids’ safety service “U-Safety Notification Service.” The “U-Safety Notification Service” released in August, can locate the users’ whereabouts and alert their parents through text messages when the kids with the 3G-based devices with safety features [...]
SEOUL, Sept. 3 (Korea Bizwire) – EstroG-100, mixed plants extract developed by a Korean healthcare company reducing various menopausal symptoms for women, will be exported to Canada after obtaining approval from Health Canada. Recently, Natural Factors, the largest health functional food maker in Canada which takes 40 percent of market share, got a green light [...]
SEOUL, Sept. 3 (Korea Bizwire) – A Korean mobile game producer, PATI Games, announced it has successfully secured 20 billion won (US$19.7 million) of capital investment from Tencent, China’s largest Internet service provider. PATI Games announced on September 1 that Tencent would invest the amount through the third-party allocation of new shares. With this capital [...]