Korea Bizwire, Author at Be Korea-savvy
Models Showcasing Runway Walks to Mark “Car-free Street Day”

Models Showcasing Runway Walks to Mark “Car-free Street Day”

SEOUL, Jun. 17 (Korea Bizwire) — In celebration of Seoul’s “car-free street day” which comes on every Sunday for this year (from April to October), the city government arranged for ‘street fashion show’ on a road at Sejong-daero in Seoul on June 17. The event, “Seoul 365-Car-free Street Fashion Show,” was designed to showcase the [...]

Japanese Activist Urges Tokyo to Compensate Colonial-era Victims in N. Korea

Japanese Activist Urges Tokyo to Compensate Colonial-era Victims in N. Korea

SEOUL, June 9 (Korea Bizwire) – Hideki Yano, a Japanese civic activist devoted to supporting victims of Japan’s colonial rule, said Saturday that the Japanese government is liable to pay compensation to colonial-era victims now living in North Korea. “Japan is responsible for its colonial rule and the division on the Korean Peninsula. Without its [...]

Singaporean Wins Mega Jackpot at Incheon Casino

Singaporean Wins Mega Jackpot at Incheon Casino

SEOUL, June 9 (Korea Bizwire) – A Singaporean national won a mega jackpot of 884.8 million won (about US$800,000) at Paradise City, a foreigners-only casino in Incheon’s Yeongjongdo district, casino officials said Saturday. The winner, identified only as a 45-year-old Singaporean, made the fortune by playing various casino games early Friday evening, the officials said. [...]

In Another Dramatic Twist, Leaders of Divided Koreas Hold Surprise Meeting

In Another Dramatic Twist, Leaders of Divided Koreas Hold Surprise Meeting

SEOUL, May 26 (Korea Bizwire) – South Korean President Moon Jae-in held a surprise second meeting with North Korean leader Kim Jong-un on Saturday, the presidential office Cheong Wa Dae said, in an apparent move to convince Kim to hold his scheduled summit with U.S. President Donald Trump. “President Moon Jae-in held a second summit [...]

Companies Allowed to Tap Intangible Assets as Collateral

Companies Allowed to Tap Intangible Assets as Collateral

SEOUL, May 23 (Korea Bizwire) – Financial authorities on Wednesday unveiled a set of measures to allow companies to secure loans using their movable assets, including intellectual property and half-finished goods, as collateral. The measures are aimed at helping small and medium-sized enterprises (SMEs) and startups raise funds, the Financial Services Commission (FSC) said in [...]