INCHEON, Jan. 13 (Korea Bizwire) – South Korean relief pitcher Oh Seung-hwan, fresh off signing his first big league contract with the St. Louis Cardinals, was in a contrite mood on Wednesday, apologizing for his recent gambling scandal. Oh returned home a day after the Cards announced their one-year contract with the right-hander. The deal [...]
ANSAN, Jan.13 (Korea Bizwire) – Danwon High School, tragically linked to the Sewol ferry sinking, held a graduation ceremony for 86 students, including 75 students who survived. Mentions of the ferry’s sinking were restricted, and the atmosphere of the ceremony was calm. The families of the deceased refused to hold an honorary graduation ceremony for [...]
SEOUL, Jan.13 (Korea Bizwire) – A recent report has revealed that retirees spend an average of four hours and 10 minutes with their spouses every day, excluding the time they are asleep. According to the ‘24th Retirement Report’ issued by the Mirae Asset Retirement Institute, among 505 retired individuals with spouses, 44 percent answered that [...]
SEOUL, Jan. 13 (Korea Bizwire) – The State Bank of India (SBI), the southern Asian country’s No. 1 commercial bank, said Wednesday it opened a branch in Seoul in line with growing exchanges between the two nations. The branch, located in downtown Seoul, is the Indian bank’s first in South Korea, though the institution set [...]
SEOUL, Jan.13 (Korea Bizwire) – Samsung Electronics announced that its ‘Milk’ music streaming service has surpassed the 30 million download mark worldwide. After its release in the American market in March 2014, ‘Milk’ is now being offered in Korea, China, Australia, New Zealand and Malaysia, providing music streaming services. Through a streaming radio service, users [...]
HWASEONG, Jan.13 (Korea Bizwire) – Since the city of Hwaseong started a reward system for citizens collecting illegal advertisements, a new source of income generated by distributing printed ads at night and picking them up in the morning has been created. Young people struggling with unemployment or young retirees are often employed to distribute printed [...]
SEOUL, Jan.13 (Korea Bizwire) – The Ministry of Government Administration and Home Affairs announced that it will make efforts to lower the possibility of privacy invasions. Whether we like it or not, what we do can be recorded on the black boxes of the many cars omnipresent on Korea’s busy streets. Sometimes, videos we did [...]
SEOUL, Jan 13 (Korea Bizwire) – The Eurail group, which provides Eurail passes that allow passengers to travel Europe by train, announced that Korea is its second largest market in the world, and the largest market in Asia. The share of Korean passengers that used Eurail from January to November 2015 was 14 percent, ranking [...]
SEOUL, Jan. 13 (Korea Bizwire) – LG Electronics Inc. said Wednesday it will invest 527.2 billion won (US$435 million) to expand its solar module production facilities as part of an effort to secure a new growth engine. Under the plan, LG Electronics will add six more production lines to its solar module plant based in [...]
SEOUL, Jan. 13 (Korea Bizwire) – South Korea’s new finance minister and the central bank chief will have their first meeting later this week to share their views on the economy in the face of falling oil prices and a Chinese rout, the Bank of Korea (BOK) said Wednesday. Finance Minister Yoo Il-ho, who took [...]