SEJONG, Jan.7 (Korea Bizwire) – A bacteria that lowers the toxicity of arsenic has been discovered. Arsenic is a poisonous heavy metal that is generated when metal is manufactured, and the new bacteria is expected to be used in restoring polluted soil around smelters or closed mines. The National Institute of Biological Resources and professor [...]
SEOUL, Jan. 7 (Korea Bizwire) – The South Korean economy, which has been struggling with exports and flaccid domestic demand over the past year, is facing a triple whammy of weakening growth in China, geopolitical uncertainties surrounding North Korea and stubbornly weak international crude prices, watchers said Thursday. South Korea’s economy, which was rocked by [...]
SEOUL, Jan. 7 (Korea Bizwire) – South Korean actor Jang Keun-suk said Thursday he will create a foundation to take his philanthropic activities a step further this year. Jang has donated generously to the victims of the 2011 Fukushima earthquake in Japan and the 2013 Typhoon Haiyan in the Philippines. He has also contributed 1.2 [...]
SEOUL, Jan. 7 (Korea Bizwire) - South Korea’s top financial regulator on Thursday stressed the need for careful risk management to maintain financial stability in the face of resurfacing geopolitical risks and external uncertainties. Financial Services Commission (FSC) Chairman Yim Jong-yong made the remarks at a meeting held with officials from relevant government agencies and experts [...]
SEJONG, Jan. 7 (Korea Bizwire) – South Korea’s tobacco tax revenue shot up more than 50 percent in 2015 from a year earlier on a spike in cigarette prices, despite weaker sales, the finance ministry said Thursday. The cigarette tax revenue reached 10.5 trillion won (US$8.7 billion) last year, up 51.4 percent from 7 trillion [...]
SEOUL, Jan.7 (Korea Bizwire) – ‘The Himalayas’ might be a box office hit in the U.S. after its success in Korea. A screening event for the movie was held at CGV LA, located in Los Angeles. Hosted by the LA Korean Council and CJ E&M, foreigners who love Korean movies and members of the American [...]
JEONJU, Jan.7 (Korea Bizwire) – Smartphone applications are increasing as a window to traffic in drugs among young people. In the past, most drug users were in their 40s and 50s. However, the number of those in their 20s and 30s who are seduced by drugs is increasing with the proliferation of drug trafficking through [...]
HAMAN, Jan 7. (Korea Bizwire) – A group of disabled children spent a lovely day at the Haman horse-back riding experience center. The Haman branch of the Gyeongman Parent-Teacher Association for Disabled Children hosted the event to help develop independence and self-support among disabled children by providing them with a chance to experience new activities. [...]
SEOUL, Jan.7 (Korea Bizwire) – A special sales event for a Xiaomi smartphone hosted by an online shopping site was canceled soon after its launch. Complaints from angry consumers quickly filled up internet message boards, which only proved that the cancelation of the event showed the growing influence of Chinese smartphones. With an unsatisfying explanation [...]
SEOUL, Jan. 7 (Korea Bizwire) – South Korea’s central bank head will attend a bimonthly meeting of central bank governors from around the world, where they will exchange views on the latest financial market conditions, the Bank of Korea (BOK) said Thursday. BOK Gov. Lee Ju-yeol will head to Basel, Switzerland, on Friday for the [...]