PAJU, Dec.24 (Korea Bizwire) – The amputated legs of two sergeants injured by North Korean landmines in the DMZ have been reborn as a statue. A ceremony revealing the ‘Foot of Peace’, which celebrates the distinguished services of the search party of the First Division, was held at the Pyeonghwa Nuri Park by the Imjingak [...]
SEOUL, Dec.24 (Korea Bizwire) – Four Myanmarese families who were living at a refugee camp in Thailand entered Incheon Airport on December 23. It was the first time that refugees entered the country in the two years since the refugee act was passed. Around 20 government authorities who came to greet the refugees handed over [...]
SEOUL, Dec. 24 (Korea Bizwire) – President Park Geun-hye expressed hopes on Thursday that more people will donate, citing her email conversation with Facebook CEO Mark Zuckerberg. “I have recently exchanged an email with Facebook CEO Mark Zuckerberg about sharing and the spirit of donation,” Park wrote in her Facebook post. “I hope that there [...]
SEOUL, Dec. 24 (Korea Bizwire) – South and North Korea have reached an agreement on the land use fee amount for South Korean firms operating a joint industrial park across the border, the Unification Ministry announced Thursday. The deal calls for South Korean firms at Kaesong Industrial Complex to pay US$0.64 per square meter every [...]
SEOUL, Dec. 24 (Korea Bizwire) – A joint venture between Hotel Shilla and Hyundai Development partially opened their new duty-free store in downtown Seoul on Thursday, gearing up for a grand opening in March. The outlet is located in the Hyundai I’Park Mall in Yongsan, the railway hub nestled in between key tourist spots scattered [...]
SEOUL, Dec.24 (Korea Bizwire) – Taxi dispatch applications were selected as the biggest hit item in Asia this year. Nihon Keizai Shimbun selected popular products and services from 13 countries in Asia. Dispatch apps that allow consumers to call taxies conveniently were selected as the No.1 item in Korea, Indonesia and Vietnam. The newspaper selected [...]
SEOUL, Dec.24 (Korea Bizwire) – Korean music organizations are demanding that music sites abolish their ‘Song Suggestion’ features. The Recording Industry Association of Korea (RIAK), the Korean Society of Composers, Authors and Publishers (KOSCAP), the Korea Music Copyright Association (KOMCA), the Federation of Korean Music Performers, the Korea Singers Association and the Korea Entertainment Producer’s [...]
SEOUL, Dec. 24 (Korea Bizwire) – South Korean boy band EXO has finished the year 2015 in the top 10 of two Billboard year-end charts, the group’s agency said Thursday. The nine-member act ranked seventh in the World Albums Artists category, becoming the only South Korean band to make the top 10 list, S.M. Entertainment [...]
SEOUL, Dec. 24 (Korea Bizwire) – Mirae Asset Group, one of South Korea’s leading asset managers, has been picked as the preferred bidder to take over the country’s second-largest brokerage house Daewoo Securities Co., its main creditor said Thursday. The deal is expected to change the landscape of the brokerage industry as the deal will [...]
SEOUL, Dec.24 (Korea Bizwire) – A survey has revealed that among advertisements published through various media such as TV, internet and mobile, consumers picked ‘mobile advertisements’ as the least liked type of ads. The Korea Broadcasting Advertising Corporation (KOBACO) announced the results of its ‘Media Consumer Research’ (MCR), which is conducted on a regular basis [...]