SEOUL, Nov. 3 (Korea Bizwire) – Various technical regulations that were blocking the diversification of services among pay TV providers such as cable networks (SO) will be moderated. The Ministry of Science, ICT and Future Planning announced that it will be drafting an item on ways to restructure the current regulations. Various technical methods could [...]
SEOUL, Nov. 2 (Korea Bizwire) – One out of ten households in Seoul houses a person that is living away from their family due to work or studies. The Seoul Institute announced that 12.3 percent (441,936 households) among those living in Seoul are not living with their families. Among them, 173,681 households (39.3 percent) had [...]
SEOUL, Nov. 2 (Korea Bizwire) - Hyundai Motor and the Seoul Metropolitan Government have opened a new car-themed playground at Seoul Grand Park. The car manufacturer opened the children’s theme park, called ‘Cha-car Cha-car playground’, at Seoul Grand Park on October 29. The playground is part of a donation made by Hyundai Motor as the [...]
SEOUL, Nov. 2 (Korea Bizwire) – The Yangjae and Woomyeon district in Seoul, where 280 small businesses as well as huge conglomerates including Samsung Electronics, Hyundai Motor, Kia Motors and KT are located, will be developed as an ‘Innovative Research and Development (R&D) Area’. The Seoul Metropolitan Government announced that it will be differentiating the [...]
SEOUL, Nov. 2 (Korea Bizwire) – Everland amusement park will be adding a couple of rare panda bears to its animal roster, and will share them with the public starting next year. The resort construction sector of Samsung C&T Corporation signed an agreement with the wildlife protection society of China to cooperate on protecting pandas. [...]
SEOUL, Nov.2 (Korea Bizwire) – Some of the ridiculous 112 emergency calls that were reported to the police on the day before ’112 day’ on November 2 have been revealed to the public. “There’s a bug in the doorway and I can’t catch it.” “One of the soy milk packets I bought from the home [...]
SEOUL, Nov. 2 (Korea Bizwire) – Four financial entities offered preliminary bids Monday to buy Daewoo Securities Co., in a deal that could come as a game changer for the local brokerage industry, the state-run Korea Development Bank (KDB) said. The prospective buyers are KB Financial Group Inc., the largest banking giant by assets; the [...]
SEOUL, Nov. 2 (Korea Bizwire) - With Korean cosmetics products creating a buzz in the international market due to the so-called ‘K-Beauty’ craze, domestic entertainment businesses and celebrities are launching their own brands. These brands have been attracting a lot of attention from the start, thanks to their popular creators. J.ONE, the cosmetics brand launched in [...]
SEOUL, Nov. 2 (Korea Bizwire) – Korea’s parcel delivery industry is in the early stages of a ‘delivery war’ between well established logistics companies and social commerce businesses. CJ Korea Express announced a new delivery option called ’CJ The Fast Delivery’ service, which offers same-day parcel delivery for orders that are placed before 11 a.m. [...]
SEJONG, Nov. 2 (Korea Bizwire) – South Korea’s retail sales rose to a 4-month high in September as tax cuts and the Chuseok holiday propped up consumer spending, a government report showed Monday. Retail sales topped 31.13 trillion won (US$27.28 billion) in September, up 4.1 percent from 29.9 trillion won a year earlier and the [...]