Korea Bizwire, Author at Be Korea-savvy

Home / Articles posted by Korea Bizwire (Page 46)

AMFRESH Group and EQT Future Successfully Complete 100% Acquisition of IFG and Merge with SNFL Group to Launch Global Breeding Powerhouse: BLOOM FRESH International

MADRID, Spain, Aug. 16 (Korea Bizwire) — A groundbreaking transformation has emerged in the realm of fresh, healthy, and natural foods as AMFRESH Group, in partnership with EQT Future and Paine Schwartz Partners, proudly announces the successful acquisition of 100% of IFG, a global expert in table grape and cherry breeding. This momentous milestone has [...]

Korean Mobile Games Struggle in Chinese Market Expansion

SEOUL, Aug. 16 (Korea Bizwire) — Korean-made mobile games are facing challenges in the Chinese market following a recent attempt to expand. Smilegate Holdings Inc.’s “Epic Seven,” which entered the Chinese market last June, held the 67th position on the Apple Store’s sales chart in the second week of August, according to mobile app market [...]

LG to Unveil Kit that Boosts Accessibility of Home Appliances

SEOUL, Aug. 16 (Korea Bizwire) — LG Electronics Inc. said Tuesday it will unveil a Universal UP Kit, aimed at enhancing the accessibility of home appliances, at IFA 2023 in Berlin, Germany, scheduled for Sept. 1. The Universal UP Kit serves as an accessory intended to aid customers in utilizing a variety of LG home [...]

1 in 10 Campgrounds Violate Regulations on Wastewater Processing

SEOUL, Aug. 16 (Korea Bizwire) — More than 10 percent of campgrounds in South Korea have breached wastewater processing regulations, data showed Tuesday. According to a report submitted by the Ministry of Environment to Rep. Lee Joo-hwan of the People Power Party, around 11.4 percent of the 4,831 campgrounds spread across the nation violated the [...]

Busan’s Shopping Districts Overrun with Japanese Signs

BUSAN, Aug. 16 (Korea Bizwire) — Busan, being geographically close to Japan, offers easy access to Japanese food and culture. During the pandemic, the city streets have been filled with Japanese-style liquor stores and food vendors, causing Japanese cuisine to become more prevalent than Korean food in some areas. Numerous establishments can be found in [...]

New York Mayor Joins Ceremony to Hoist South Korean Flag in Manhattan

SEOUL, Aug. 16 (Korea Bizwire) — New York Mayor Eric Adams on Monday (local time) raised the South Korean national flag alongside Korean Americans next to the Charging Bull on Wall Street. The mayor participated in a ceremony to raise Taegeukgi, South Korea’s national flag, at Manhattan’s Bowling Green in celebration of the 78th anniversary [...]

Only 3 pct of Juvenile Offenders Criminally Punished After Committing Serious Crimes: Data

SEOUL, Aug. 16 (Korea Bizwire) — Only 3 percent of juveniles aged 14-18 are criminally punished after committing serious crimes, such as murder and rape, with the rest referred to youth correction institutions and community service programs, court data showed Wednesday. Rep. Kang Min-kuk of the ruling People Power Party released the Supreme Court data, [...]

Resumption of Chinese Group Travel Sparks Hope Among S. Korean Airlines

SEOUL, Aug. 16 (Korea Bizwire) — China’s recent decision to permit group travel to South Korea has ignited hopes for a positive impact from Chinese group tourists. Nonetheless, the airline industry has yet to take proactive steps such as route expansions. There’s a prevailing sense of caution, as industry experts await the extent of tourism [...]

Samsung Electronics Raises US$2.2 bln from Stake Sale in ASML

SEOUL, Aug. 16 (Korea Bizwire) — Samsung Electronics Co. has said it sold part of its stake in the Dutch chip equipment maker ASML Holdings N.V. to secure cash flows amid the chip slowdown. The South Korean tech giant’s semi-annual report released on Monday showed that Samsung’s shares in Veldhoven-based ASML fell to 2.75 million, [...]

Seoul’s New Promotion Logo, ‘Seoul, My Soul,’ Unveiled

SEOUL, Aug. 16 (Korea Bizwire) — The city of Seoul on Wednesday unveiled its new promotion logo, “Seoul, My Soul,” to be used in its campaign to advertise the city’s allure to the world. The new slogan, adorned with colorful pictograms, will replace the city’s former logo, “I SEOUL YOU,” which had been in use [...]