SEOUL, Nov.9 (Korea Bizwire) – As convenient store meal boxes are high in demand, employees and franchise owners of Seven Eleven got together in competition to develop a new meal box menu. A total of 54 teams consisting of Seven Eleven franchise owners, employees and their families competed last month, and 10 teams moved on [...]
SEOUL, Nov.9 (Korea Bizwire) – With the American ‘Black Friday’ shopping frenzy only three weeks away, the credit card industry has ramped up marketing efforts, targeting those who make direct overseas purchases. As the number of people who make overseas purchases is increasing rapidly, credit card companies have started their promotions earlier than in previous [...]
SEOUL, Nov.9 (Korea Bizwire) – The Seoul Metropolitan Government has stepped up to help prevent accidents in the workplace among foreign workers who are unfamiliar with the Korean language. City officials announced that they will be providing safety education for 210 foreign workers from five different countries – Vietnam, Cambodia, Thailand, Myanmar, and Bangladesh. Safety [...]
SEOUL, Nov. 9 (Korea Bizwire) – China’s economic slowdown is feared to have a significant negative impact on the South Korean economy that is highly dependent on the neighboring country for its exports, a leading state think tank said Monday. In a report on the world’s second-largest economy, the Korea Development Institute (KDI) said that [...]
SEOUL, Nov. 9 (Korea Bizwire) – With share prices in the Korean pharmaceutical industry hitting all-time highs, the seven grandchildren of Lim Sung-gi, CEO of Hanmi Pharmaceutical Co., have each became stock billionaires with holdings of approximately 100 billion won each. According to Chebul.com, Lim’s twelve-year-old grandson received shares of affiliated companies including Hanmi Science, [...]
SEOUL, Nov. 9 (Korea Bizwire) – South Korean banks’ lending to large companies fell in the first nine months of the year amid a protracted economic slump, despite an upturn in overall loans, industry data showed Monday. Outstanding loans extended by Shinhan Bank, Kookmin Bank and four other major lenders reached 1,035.85 trillion won (US$898.6 [...]
SEOUL, Nov. 9 (Yonhap) – The exchange traded notes (ETN) market in South Korea has grown exponentially since its debut on the local stock market a year ago on the back of robust demand for less risky investment, the country’s main bourse operator said Monday. The average daily turnover of ETNs reached 42.1 billion won [...]
SEOUL, Nov. 9 (Korea Bizwire) – South Korean tech behemoth Samsung Group’s governance structure has been simplified by a series of mergers and asset sales, industry watchers said Monday, with the owner family solidifying its grip over the country’s No. 1 conglomerate. Samsung C&T Corp. was created in September as the group’s holding firm, which [...]
SEOUL, Nov.6 (Korea Bizwire) – Controversy over populism is stirring after Seoul Metropolitan Government decided to give benefits to young people who are preparing to get a job. The Seoul Metropolitan Government announced that it will give benefits of an average of 500,000 won for as long as six months to unemployed young people and [...]
SEOUL, Nov.6 (Korea Bizwire) – Instagram, the social networking service that lets users share pictures and videos, introduced a new advertising service at a marketing event called ‘Instagram in Korea’. The company recently introduced various types of advertisements such as pictures and videos, slides, and action-inducing ads for the first time in Korea. At the [...]