SEOUL, Nov. 2 (Korea Bizwire) – The Seoul city government on Saturday hosted a Halloween party at the Han River with the country’s traditional costume as the dress code, to interpret the western festival in a local cultural context. The Seoul Metropolitan Government prepared some hundreds of hanbok for the dance party, which ran from [...]
SEOUL, Nov. 2 (Korea Bizwire) - SK Telecom Co., South Korea’s top mobile carrier, said Monday it will acquire the country’s biggest provider of cable channels and Internet TV as part of a push into the media platform business. SK Telecom will take over a 30 percent stake for 500 billion won (US$438.2 million) in [...]
SEOUL, Oct. 30 (Korea Bizwire) – After the performance of LG Electronics during the second quarter was announced (200 million won in business profits), company officials anticipated that profitability would improve as the new G4 smartphone launched worldwide. However, their dreams were shattered as concerns expressed by analysts became reality. The performance of LG Electronics [...]
SEOUL, Oct. 30 (Korea Bizwire) – After lowering the prices of certain products earlier this year, Chanel announced that it will be increasing prices next month. According to industry watchers, Chanel will raise the price of its ’2.55 Vintage’ from 6 million won to 6,390,000 won, and ‘Timeless CC’ from 3,410,000 won to 3,630,000 won, [...]
CHANGWON, Oct. 30 (Yonhap) – Dozens of young people from 14 countries will compete in their ability to reproduce or reinvent K-pop acts in later Friday, organizers said. Only 57 out of some 12,000 contestants made it to the K-pop World Festival finals set to start at 7 p.m. at the Changwon Sports Park in [...]
SEOUL, Oct. 30 (Korea Bizwire) – Research has shown that elderly citizens over the age of 60 in Korea spend almost half of their free time watching TV. The ‘Retirement Report No.22′, issued by the Mirae Asset Retirement Research Institute, revealed that the elderly over 60 spent 47.9 percent of their free time ‘watching real [...]
SEOUL, Oct. 30 (Korea Bizwire) – A recent study has revealed that four out of ten married couples in Korea talk less than 30 minutes a day with their spouses. Having a spouse that routinely comes home late and the use of smartphones were identified as the main causes of the phenomenon. The Planned [...]
SEOUL, Oct. 30 (Yonhap) – Samsung Group said Friday it has agreed to sell its chemical assets to Lotte Group for about 3 trillion won (US$2.63 billion), in its latest move to streamline its non-core assets to focus on its main stay tech business. Lotte Chemical Co. will acquire a 31.5 percent stake in Samsung [...]
SEOUL, Oct. 29 (Korea Bizwire) - Dasol and Nara, dogs cloned by controversial researcher Hwang Woo-suk and his team, have been accepted into Korea’s rescue dog program. The National 119 Rescue Service of the Ministry of Public Safety and Security announced that Dasol and Nara have passed the official qualification tests for rescue dogs. Seven dogs, [...]
SEOUL, Oct. 29 (Korea Bizwire) – The number of people using ‘smart work centers’, which are workplaces near one’s home or at business trip locations, has increased greatly. The Ministry of Government Administration and Home Affairs announced that the number of people working at smart work centers reached a total of 100,750 last year, which [...]