SEOUL, April 1 (Korea Bizwire) – The number of subscribers to mobile network services in South Korea is set to top a landmark 60 million by the end of 2016, industry sources said Friday, hovering far above the country’s population. The outlook came as the number of those with mobile network accounts, including those for [...]
SEOUL, April 1 (Korea Bizwire) – Samsung Electronics Co. saw its global presence in the semiconductor sector advance on-year in 2015, its business report showed Friday, while the shares in the handset segment continued to lose ground. According to the latest data compiled by the South Korean giant, Samsung took up 45.3 percent of the global dynamic [...]
SEOUL, April 1 (Korea Bizwire) – South Korean baseball fans are angry with news that the management of the Baltimore Orioles had internal talks about sending Kim Hyun-soo to the minors. Fans were even outraged when a Fox Sports report mentioned that the Orioles discussed sending him back to South Korea. Kim Hyun-soo signed a $7-million contract with [...]
SEOUL, April 1 (Korea Bizwire) – Chinese media have put the ROK Army Special Forces (ROKA-SF) in the spotlight, due to the great popularity of the Korean drama ‘Descendants of the Sun’. The ROKA-SF was established on April 1, 1958. Troops from the unit typically infiltrate enemy camps, and execute operations such as guerilla fighting, disturbance [...]
SEOUL, April 1 (Korea Bizwire) – Global fast food franchise McDonald’s has announced that its Korean branch is looking for ‘strategic partners’ in management. The CEO of McDonald’s Global, Steve Esterbrook, revealed his intentions to combine the global brand of McDonald’s with insight and expertise in the Korean market. “Through the partnership, we’re hoping to [...]
SEOUL, March 31 (Korea Bizwire) – Hyundai Rotem Co., a train making unit of Hyundai Motor Group, said Thursday that it has completed the construction of a plant in Brazil that will serve as its main foothold to advance into the Latin American market. The plant on 150,000 square meters of land in Sao Paulo has [...]
SEJONG, March 31 (Korea Bizwire) – South Korea’s online sales to foreign customers nearly tripled last year from a year earlier on the back of rising demand for domestically produced cosmetics and clothing by Chinese consumers, a report showed Thursday. South Korean retailers sold an estimated US$130 million worth of goods to overseas customers through [...]
SEOUL, March 31 (Korea Bizwire) – China-based tech manufacturer Xiaomi Inc. plans to sell more products through partnerships with local distributors in South Korea, but has yet to decide on whether to launch its own smartphone any time soon, company officials said Thursday. KomaTrade, a South Korean sales partner of Xiaomi, will start to sell [...]
SEJONG, March 31 (Korea Bizwire) - The South Korean government on Thursday decided to extend the operational licenses of local duty-free stores to 10 years from the current five and have them automatically renewed in a bid to help the retail industry do business in a stable and predictable environment. In a minister-level meeting in Seoul, the [...]
SEOUL, March 31 (Korea Bizwire) – The government on Thursday revealed 10 graphic images showing the harmful effects of smoking that must be on cigarette packages for the first time starting at the end of this year. A diseased lung, a hole in a throat, and rotten teeth were among the 10 pictorial warnings unveiled by the [...]