SEOUL, Feb. 16 (Korea Bizwire) – The Cabinet approved a law revision Tuesday to toughen the punishment for taxi drivers who rip off passengers. Under the revision, a taxi driver who is caught three times for overcharging a customer will face the maximum punishment of having his business license nullified. Previously, a taxi driver who [...]
SEOUL, Feb. 16 (Korea Bizwire) – Jeju Air Co., South Korea’s top budget carrier, said Tuesday that its net profit surged 47.3 percent on-year in 2015 as falling oil prices helped drive down costs. Net profit came to 47.2 billion won (US$38.8 million) last year, compared with 32 billion won tallied a year earlier, the [...]
SEOUL, Feb. 16 (Korea Bizwire) – Diem Xuan Nguyen was instantly hooked on cushion foundations when a Korean friend of her mother gave one to her last year. “I love how light it felt, especially in the summer,” said the 27-year-old Vietnamese-American living in Seoul. “Foundations can be like a layer of ganache, but a [...]
SEOUL, Feb. 16 (Korea Bizwire) – Desperate to expand their global presence, South Korean and Chinese smartphone makers are likely to fight a pitched battle to steal the show at the world’s largest tech exhibition in Spain next week, industry watchers said Tuesday. The four-day Mobile World Congress (MWC) is slated to kick off in [...]
SEOUL, Feb. 16 (Korea Bizwire) – American talk show host Conan O’Brien attracted hundreds of fans at a cafe in Seoul on Monday after receiving a boisterous welcome usually reserved for K-pop idols at Incheon International Airport the previous day. Dozens of fans who had failed to reserve a spot at the guerilla-style meet-and-greet gathered [...]
SEOUL, Feb.15 (Korea Bizwire) – From cheap convenience store coffee to 5,000 won beverages at popular coffee franchises, the domestic coffee market seems to be in chaos. Consumers are facing a vast range of products at different prices, and are coming away confused. Industry officials say that there are differences in roasting skills, but the [...]
GOSEONG, Feb.15 (Korea Bizwire) – A number of cases in which parents murdered their children have been making the news since the start of the new year. Experts say that one of the causes of these horrific cases is the breakdown of families. Police in Gyeongnam Province reported that Park (42, female), a housewife who [...]
SEOUL, Feb. 15 (Korea Bizwire) – Ssangyong Motor Co., owned by India’s Mahindra & Mahindra, said Monday that the long-body version of the its popular Tivoli sport utility vehicle has been named the “Tivoli Air.” The new model was named such in order to underscore its pursuit of becoming an essential element of life just [...]
SEOUL, Feb. 15 (Korea Bizwire) – South Korea’s No. 2 mobile carrier KT Corp. said Monday it will be able to provide fifth-generation (5G) network services at the venue of the Winter Olympics in 2018 as scheduled, setting a new milestone for the global telecommunications industry. KT, the official network service provider of the 2018 [...]
SEOUL, Feb. 15 (Korea Bizwire) – Hana Tour Co., South Korea’s leading tour agency, opened a duty-free store in downtown Seoul on Monday, hoping to draw foreign travelers with a variety of cultural and entertainment events. Hana Tour partially opened SM Duty Free store at its headquarters building in Insadong, an art and antique street [...]