ASAN, Jan.12 (Korea Bizwire) – New research indicates that even if you have more money, satisfaction with life doesn’t increase. At a time when the economy is slumping, leading to resignations, unemployment, and tight household finances, many people think that money and happiness are not related. A recent report entitled ‘Relationship Between Local Income and [...]
SEOUL, Jan. 12 (Korea Bizwire) – Prime Minister Hwang Kyo-ahn vowed Tuesday to monitor big state projects in real-time in the latest of South Korea’s efforts to preemptively root out corruption. Projects that will be subjected to the government’s real-time monitoring include preparation for the 2018 PyeongChang Winter Olympics and the creation of a science [...]
SEOUL, Jan. 12 (Korea Bizwire) – Naturalized Korean-American singer Yoo Seung-jun said Tuesday he is grateful for being offered a chance to perform on stage after he was banned from entering his home country South Korea for allegedly evading conscription. “I’m happy to be able to sing on stage. I hope your 2016 is filled [...]
Research indicates that smartphones are thought of as a necessity from teens to those in their 40s. (Image : Yonhap) SEOUL, Jan.12 (Korea Bizwire) – Research indicates that smartphones are thought of as a necessity from teens to those in their 40s. Those over 50 picked the TV to be the most necessary media in [...]
SEOUL, Jan.12 (Korea Bizwire) – With giant companies such as CJ E&M and Kakao jumping into popular culture businesses, huge changes in the television and music industries are expected to follow. Kakao, the company behind the most popular mobile messenger in Korea, announced that it will be taking over Loen Entertainment for 1.87 trillion won. [...]
SEOUL, Jan. 12 (Korea Bizwire) – Samsung Electronics Co. agreed Tuesday with victims of leukemia and other work-related diseases to ramp up efforts to improve working conditions at its plants in order to prevent workplace disasters. The deal, signed by representatives from Samsung Electronics and two groups representing the victims and their families, calls for [...]
SEJONG, Jan. 12 (Korea Bizwire) – South Korea’s tax revenue rose sharply on-year in the first 11 months of 2015 thanks to higher cigarette prices and increased real estate transactions, the finance ministry said Tuesday. In the January-November period, the government collected some 206.2 trillion won (US$171 billion) in taxes, up 16.8 trillion won from [...]
SEOUL, Jan. 12 (Korea Bizwire) – South Korea’s top financial regulator warned of greater financial market volatility on Tuesday, vowing to properly deal with it with a sense of alertness in order to ensure market stability. The local market has suffered a setback, facing a double whammy of China’s stock market rout amid concerns over [...]
SEJONG, Jan. 12 (Korea Bizwire) – Lotte Mart, South Korea’s No. 2 discount chain, is under investigation for allegations of unfairly pressuring a supplier into selling pork bellies below production cost, the antitrust watchdog said Tuesday. A source at the Fair Trade Commission (FTC) said investigators have been checking the retailer since December after a [...]
SEOUL, Jan.11 (Korea Bizwire) – After the start of the new year, many are redecorating their homes, leading to booming sales for companies specializing in interior decor. According to the online shopping site GMarket, the sales of home decoration items and furniture doubled compared to last year. The phenomenon is seen to result from the [...]