SEOUL, July 28 (Korea Bizwire) – Riding the tourism boom on Jeju, more than 1 percent of the island’s land has been sold to foreigners or foreign corporations. According to the Jeju provincial government, as of June, 2015, a total of 20.78㎢ of land or 1.12 percent of the island’s total area was owned by [...]
SEOUL, July 28 (Korea Bizwire) – Thanks to a series of government support measures for new ventures and startups, investment in venture firms soared nearly 40 percent in the first half of 2015 compared to the same period in 2014. According to the Small and Medium Business Administration (SMBA) on July 27, a total of 956.9 [...]
SEOUL, July 28 (Korea Bizwire) – The number of undocumented foreign residents has increased by more than 13 percent in the first half of the year, according to the Ministry of Justice. The ministry announced on July 27 that as of June this year, the total number of foreigners illegally residing in Korea was 212,596, [...]
SEOUL, July 28 (Korea Bizwire) – The entertainment industry is setting an aggressive approach to new media, such as internet broadcasting and mobile apps. While national television and cable channels used to be the key points of promotion, as the media environment changed, advertising is expanding into the territory of the Internet and mobile media [...]
SEOUL, July 28 (Korea Bizwire) – South Korea’s leading food delivery application said Tuesday it will abolish commissions imposed on every order handled through its platform in order to focus on expanding the number of users. The app dubbed “Baedal Minjok,” which means “Delivery Nation” in English, currently charges shop owners a commission of around [...]
Seoul, July 28 (Korea Bizwire) – After Hallyu Star Bae Yong-joon and Park Soo-jin got married on July 27, weddings of other top stars are attracting media attention again. The wedding that created the most buzz recently was Won Bin and Lee Na-young’s. Everyone was surprised when the two got hitched on a path going through [...]
Seoul, July 28 (Korea Bizwire) - It has been reported that Elliott Management, an American hedge fund that filed lawsuits opposing the merger of Samsung C&T Corporation and Cheil Industries Inc., has returned its stockholder certificates for Samsung C&T Corporation, Samsung SDI and Samsung Fire Insurance to the Korea Securities Depository (KSD). Since the proposal to merge Samsung C&T [...]
SEOUL, July 28 (Korea Bizwire) — South Korea’s top tech giant Samsung Electronics said Tuesday it has commenced sales of its second flip-style smartphone in line with its struggles to diversify its handset portfolio amid ailing sales. The Galaxy Folder, which boasts a 3.8-inch display, will come in two editions that run on the third-generation and [...]
SEOUL, July 28 (Korea Bizwire) – South Korea’s top tech giant Samsung Electronics on Tuesday sent out invitations for what is expected to be an unveiling event of its next flagship phablet, presumably the Galaxy Note 5, on Aug. 13 in New York. The invitation from the South Korea-based top smartphone maker has a picture of [...]
SEOUL, July 27 (Korea Bizwire) — Office workers prefer to sit next to colleagues that are good at grilling meat at company dinners, rather than those who are fun, a new survey shows. Pork and soju were the preferred food and beverage choices, outnumbering chicken and beer. According to a survey conducted by Hanwha Life Insurance over [...]