SEOUL, Aug. 19 (Korea Bizwire) — Amid the common bullying and violence among peer Korean soldiers, they are even more suffering from being unreasonably underpaid, compared with the soldiers in other countries introducing compulsory military services. According to the conscription systems of foreign countries reported by the Military Manpower Administration (MMA), more than 15 countries including [...]
SEOUL, Aug. 18 (Korea Bizwire) — An investment advisory firm specializing in improving the corporate governance structure has been born in Korea. Zebra Investment Advisors said on August 14 that it has completed registration with the financial regulators and began operations. The head of the company is Lee Won-il, former president of Allianz Asset Management. [...]
SEOUL, Aug. 18 (Korea Bizwire) — Won Hee-ryong, governor of Jeju Special Self-Governing Province, reaffirmed his stance of not allowing the new casino construction plan, embarrassing the ruling party and the administration trying their best to revive the flagging economy by relaxing decades-old regulations and inviting foreign investment. Governor Won, former congressman with the New Frontier [...]
SEOUL, Aug. 18 (Korea Bizwire) – The number of Chinese tourists (“youke” in Chinese) visiting Korea is rapidly on the rise, with their spending increasing by the year. The Korea Institute for Industrial Economics & Trade said in a report “Impact of Chinese Tourists on Industry and Its Policy Implications” published on August 15 that the [...]
SEOUL, Aug. 18 (Korea Bizwire) – Korea is famous for fast and convenient food delivery. At any time, people can enjoy delivered food like fried chicken, Chinese food, Korean food and even instant ramen, to just name a few. In this already lucrative food delivery market, high-tech food delivery apps are pouring fuel for more [...]
SEOUL, Aug. 17 (Korea Bizwire) — The visit of Pope Francis is welcomed by Korea’s hospitality operators and restaurant owners as a bellwether of economic recovery. The pontiff brought with him more than 100,000 foreign visitors and every ceremony he leads attracts hundreds of thousands of the faithful. The biggest beneficiaries of the pope’s visit were [...]
SEOUL, Aug. 15 (Korea Bizwire) — To mark the Korean National Liberation Day, Korea Airports Corporation has installed 15 new large-sized Korean national flags (30 meters high) in major airports including Gimpo and Jeju airports, and hosted a flag hoisting ceremony on August 13 in Gimpo International Airport‘s runway. The event and the installing of new large-sized [...]
SEOUL, Aug. 15 (Korea Bizwire) — Amid losses from smishing attacks and wire frauds keep rising even with the government’s continued efforts to fight them off, the financial authorities once again have rolled up their sleeves to eradicate the electronic financial fraud by implementing a comprehensive preventive measures. The Korea Financial Services Commission hosted on August 12, “Telecommunication [...]
SEOUL, Aug. 14 (Korea Bizwire) – BBQ, a Korean fried chicken franchise, released a TV commercial for its new menu of Jamaican-style chicken drumstick featuring a character actor Ryu Seung-ryong. Ryu, dubbed as “Ten Million Selling Actor” as his films gain more than ten million audiences consecutively, showed comic performance in the TV commercial instead [...]
SEOUL, Aug. 14 (Korea Bizwire) — During the summer vacation, lots of Korean university students are taking part-time jobs to earn their tuition money or pocket money. Then, what kind of jobs are the most rewarding? According to Alba Heaven, Korea’s part-time job portal, the best paying part-time job was ‘fitting model” with 13,589 won (US$13.20) [...]