SEOUL, Aug. 6 (Korea Bizwire) - The accuracy of weather forecasts during the recent monsoon season was under 30 percent, stirring up criticism directed towards the Korea Meteorological Administration (KMA). The accuracy of the forecasts on days when it rained was 27.9 percent during the 43-day monsoon season (June 17 to July 29). The numbers say [...]
SEOUL, Aug. 6 (Korea Bizwire) – Could a book without words be called a book? An experimental book called ‘A book from the Ground’ written by Xu Bing, the Chinese installation artist, has been launched in Korea. Xu has released experimental artwork based on Chinese calligraphy. His work recreates tradition and adds a contemporary [...]
SEOUL, Aug. 6 (Korea Bizwire) – A recent study has revealed that Koreans show the highest level of dislike towards foreign workers and immigrants among other major countries. According to Choi Seung-moon, an assistant researcher at the Korea Institute of Public Finance, who analyzed the “World Values Survey,” Korean society clearly shows struggles related to economic [...]
GYEONGJU, Aug. 6 (Korea Bizwire) – During the forthcoming Silk Road Cultural Festival in Gyeongju, a digital duty-free shop will be operated for foreign visitors to the event. Foreign visitors will be able to order products through touchscreen-based kiosks and pick them up at the airport when they leave Korea. The Gyeongju World Culture Expo [...]
SEOUL, Aug. 6 (Korea Bizwire) – With the KOSPI stalling due to a series of poor earnings reports, short selling hit a record during July, hinting that investors have a negative outlook on the future of the Korean economy. According to the Korea Exchange on July 5, the average daily value of short selling in the KOSPI was [...]
SEOUL, Aug. 6 (Korea Bizwire) — U.S. hedge fund Elliott Associates said Thursday it has requested that Samsung C&T buy back part of its stake in the South Korean construction firm, a move in line with its opposition against a key merger deal carried out by the country’s top conglomerate, Samsung Group. Thursday is the deadline for [...]
SEOUL, Aug. 6 (Korea Bizwire) – A dog that was buried alive in the bushes near an apartment complex was rescued by police. Police officers were notified that there was a groaning sound coming from the ground. When they arrived at the scene, they found a Maltese buried in the ground. The dog was about [...]
SEOUL, Aug.6 (Korea Bizwire) – A pilot project in which ER doctors view real time video footage of patients through smartphones and coach paramedics to provide better first aid treatment as they are transferred is expected to start during the latter half of this year. According to the Ministry of Health and Welfare, nine emergency medical [...]
SEOUL, Aug. 6 (Korea Bizwire) — The heads of South Korea’s major business groups own puny stakes in their affiliates, but a complex cross-shareholding structure allows their families to exercise nearly uncontrolled power over the sprawling business empires, data showed Thursday. In South Korea’s business scene, a “group” does not refers to a legal entity, [...]
SEOUL, Aug. 6 (Korea Bizwire) — Chinese American actress Liu Yifei has confirmed her relationship with South Korean actor Song Seung-heon on her social media. The 27-year-old on Wednesday posted on Weibo, the Chinese equivalent of Twitter: “Although I have a lot to say, I’ve decided to send two ¢¾¢¾. Thank you.” The message was written shortly [...]