SEOUL, Jan.6 (Korea Bizwire) – Research shows that sugar can accelerate the occurrence and spread of breast cancer, proving that there is a reason to cut back on sugar consumption besides the obvious health and weight implications. NBC News and Medical Express reported that a research team lead by Professor Lorenzo Cohen at the University [...]
SEOUL, Jan.6 (Korea Bizwire) – Many companies are changing their New Year’s rituals, with events heading in a new direction. Instead of formal ceremonies, more and more companies are starting their year with good deeds. Hyundai Department Store Group donated coal briquettes to those in need. Employees and executives as well as consumer volunteers carried [...]
SEOUL, Jan.6 (Korea Bizwire) – Actress Lee Young-ae filed a suit against the land owner of her ‘DaeJangGum’ restaurant, soap and café business for defamation, but lost. The Seoul District Court announced that Lee and her husband, and ‘Leeyes’, Lee’s management company, lost the case in which they filed a suit against ‘Oh’ for defamation. [...]
Competition in the ‘budget phone’ market has been fierce from the start of the year, with the affordable phones rapidly gaining popularity. By the end of last year, one out of ten people was using a budget phone. (Image : Yonhap) SEOUL, Jan.6 (Korea Bizwire) – Competition in the ‘budget phone’ market has been fierce [...]
SEOUL, Jan. 5 (Korea Bizwire) - A new drama series, titled “Descendants of the Sun,” will be aired in South Korea and China in February, featuring top Korean actors and actresses, a local broadcaster said Tuesday. Featuring South Korean actor Song Joong-ki and actress Song Hye-kyo, the show will be based on a fictional country and [...]
SEOUL, Jan. 5 (Korea Bizwire) – Prosecutors on Tuesday sought a one-year jail term for a former South Korean prime minister on charges of receiving bribes from a deceased businessman. Former Prime Minister Lee Wan-koo was accused of receiving 30 million won (US$25,000) at his election office in April 2013 from Sung Wan-jong, the late [...]
SEOUL, Jan.5 (Korea Bizwire) – Bongeunsa Temple has announced that it will be prolonging its closing hours from 10 p.m. to 12 a.m., allowing guests to visit the temple late at night. At the temple, located in Gangnam-gu, lights have been installed on buildings and doors so that visitors can take walks around the grounds [...]
SEOUL, Jan.5 (Korea Bizwire) – The Korean Webtoon service platform Lezhin Comics has revealed the details of its first foray into the American market. Lezhin Entertainment, which manages Lezhin Comics, announced that it started providing services in English on its website as part of its initial efforts to make inroads in the U.S. market. A [...]
SEOUL/SEJONG, Jan. 5 (Korea Bizwire) – China’s sudden stock crash could increase financial volatility requiring tougher government monitoring though its impact on the local market would be limited, South Korea’s top economic policymaker said Tuesday. In a meeting with leaders from the country’s financial sector in Seoul, Finance Minister Choi Kyung-hwan pointed out Monday’s crash [...]
SEJONG, Jan. 5 (Korea Bizwire) - South Korea’s antitrust watchdog said Tuesday that it has fined six local cement makers a combined 199.4 billion won (US$167.6 million) for fixing the prices of cement products and divvying up the market. According to the Fair Trade Commission (FTC), cement companies have allegedly colluded to rig the prices of [...]