SEOUL, Aug. 4 (Korea Bizwire) – Samsung Electronics has announced that they will accept the recommendations from mediation related to occupational diseases that occur on semiconductor manufacturing lines. The company will create an in-house fund of 100 billion won, and use the money for compensation and research to prevent the disease. In addition, employees of their subcontractors [...]
SEJEONG, August 4 (Korea Bizwire) – Even though consumption in Korea froze as a side effect of the Middle East Respiratory Syndrome (MERS) outbreak, the portion of online shopping increased, reaching an all-time high. With consumers avoiding crowded areas, online shopping presented a safe and convenient alternative. According to the ‘Sales Trend in Retail and Online [...]
JEJU, August 4 (Korea Bizwire) – Tourists from the Islamic world who visit Jeju Island are inconvenienced by a lack of halal restaurants and proper prayer facilities. Aside from those two factors, most Muslim visitors turned out to have enjoyed their visit to Jeju. According to a survey conducted on 405 Muslim visitors that visited Jeju, [...]
SEOUL, August 4 (Korea Bizwire) – If internet portal sites such as Naver and Daum Kakao were to establish internet-only banks, they would be allowed to enroll new customers on their own portal sites. However, when banks set up internet-only financial institutions and are the largest shareholder, they could be disadvantaged during the accreditation review. The [...]
SEOUL, Aug. 4 (Korea Bizwire) – In the mega-hit movie “Minority Report,” buildings, shops and streets are full of electronic biometric systems that use red flashes and lights to scan the irises of all passers-by and identify them in order to send them custom-tailored services and advertisements. Before entering a security agency, Tom Cruise, who [...]
SEOUL, Aug. 4 (Korea Bizwire) – A domestic action film featuring colonial-era assassination attempts by Korean independence fighters topped 7 million in attendance, according to an early box-office report by its distributor on Tuesday. Since its release on July 22, “Assassination” had been watched by 7,064,429 viewers as of 7:30 a.m., Showbox said. Set in [...]
SEOUL, Aug. 4 (Korea Bizwire) — The ratio of diesel engine cars sold during the first half of the year in South Korea topped 50 percent, industry data showed Tuesday, as carmakers offered diverse models running on the cheaper fuel. According to the data, five carmakers in South Korea, including Hyundai Motor and Kia Motors, sold a [...]
SEOUL, August 3 (Korea Bizwire) – A police investigation has discovered that the unauthorized usage of Homeplus mobile gift cards was the result of malicious action on the part of Chinese hackers, and not duplication issues caused by computing errors. The cybercrime investigation department of the Seoul Metropolitan Police Agency revealed that they have placed three [...]
SEJONG, August 3 (Korea Bizwire) – Agriculture and livestock industry businesses are increasingly nervous as the so-called ‘Kim Young-ran Law’, a law prohibiting illegal solicitation and bribery, will soon come into effect. The tension is derived from concerns that the consumption of agricultural, animal and marine products will drop because criminal penalties could imposed on [...]
SEOUL, August 3 (Korea Bizwire) – Korean laws and regulations have been modified to introduce the possibility of arbitration as a dispute resolution mechanism. Unlike advanced countries where arbitration is practiced in general, arbitration in Korea was previously limited to private disputes. The Department of Justice is planning to announce legislation that will modify the arbitration [...]