DAEGU, Nov. 5 (Korea Bizwire) – A local government has distributed 2,500 copies of the “2016 Dokdo Calendar” abroad in a bid to publicize South Korea’s sovereignty over the rocky outcroppings in the East Sea, officials said Thursday. North Gyeongsang Province, also called Gyeongsangbuk-do, launched the campaign in 2013 to help counter Japan’s claim to [...]
SEOUL, Nov.5 (Korea Bizwire) – Lotte Duty Free has announced a plan to make its World Tower store into a landmark of North East Asia. Lotte will invest over one trillion won to make the location an international tourist spot that will exceed the popularity of its headquarters in Sogong-dong. Lotte Duty Free revealed at [...]
SEOUL, Nov.5 (Korea Bizwire) – SPC Group announced that it has opened a Paris Baguette store in Las Vegas, which is a first in the Korean confectionery and bakery industry. The Las Vegas store is the company’s 44th store to open in America, and is situated in the Grand Canal Shoppes, which is a large [...]
SEOUL, Nov. 5 (Korea Bizwire) – The results of a recent study suggest that climate change is not only responsible for causing natural disasters, but also for lowering the birth rate and increasing the number of low birth-weight infants. A research team at the University of Utah reported the results of their analysis on 70,000 [...]
SEOUL, Nov. 5 (Korea Bizwire) – It has been reported that Sir Elton John is planning to meet with Park Jin-young of JYP Entertainment to discuss a joint coconut water venture during the English pop legend’s visit to Korea. According to JYP, Elton John, who is in town to perform at the Understage in Itaewon, [...]
SEJONG, Nov. 5 (Korea Bizwire) – South Korea plans to issue yuan-denominated foreign exchange stabilization bonds in China to better meet rising demand for the Chinese currency and help local firms do business in the world’s No. 2 market, a government source said Thursday. According to the source in the finance ministry, the government submitted [...]
SEOUL, Nov. 5 (Korea Bizwire) – For foreign travel agencies, the annual Pyongyang Marathon is apparently a good business opportunity. They are promoting a variety of tour programs to the secretive communist nation in connection with the event. The next one will be held on April 10 next year. Young Pioneer Tours, based in China, [...]
SEOUL, Nov. 4 (Korea Bizwire) – Statistics show that the number of couples that get divorced without children make up more than half of the total number of divorces. ‘December divorces’, divorces after more than 20 years of marriage, are becoming a trend. On the other hand, only 307,000 couples got married last year, which [...]
SEOUL, Nov. 4 (Korea Bizwire) – Facebook, Twitter and Google will now have to examine illegal content that has been flagged by the Korea Communication Standards Commission (KCSC). The three American services, which are also widely used among Koreans, only delete content when a report is submitted from a user. However, from now on, content [...]
SEJONG, Nov. 4 (Korea Bizwire) – South Korea’s largest aerospace company Korea Aerospace Industries Ltd. (KAI) said Wednesday that it inked a deal with Airbus Helicopters to sell locally made choppers abroad. The strategic partnership memorandum of understanding (MOU) reached in Seoul comes as the two companies concurred on the need to expand cooperation in [...]