SEOUL, Sept. 16 (Korea Bizwire) – An appeals court on Wednesday upheld a ruling against a labor union consisted of fired workers from Ssangyong Motor Co., the local unit of Indian auto conglomerate Mahindra & Mahindra Ltd., for holding unauthorized strikes that damaged the company’s production. The Seoul High Court ordered 139 unionized workers who [...]
SEOUL/BANGKOK, Sept. 16 (Korea Bizwire) – A handful of Southeast Asian millionaires are looking to create a large commercial complex in Thailand comprising shops and restaurants that cater to the fans of Korean pop culture, also known as K-pop, industry sources here said Wednesday. They are trying to set up a Hallyu Town in Bangkok, [...]
SEOUL, Sept. 16 (Korea Bizwire) – Samsung SDI Co., the battery-making unit of South Korea’s Samsung Group, will sell its plug-in hybrid vehicle batteries to British luxury automaker Bentley, industry sources said Wednesday, expanding its overseas portfolio in the mid-sized battery business for electric cars. The Bentley Bentayga, its first-ever plug-in hybrid Sport Utility Vehicle [...]
SEOUL, Sept. 16 (Korea Bizwire)- “Dried” foods sell like hotcakes in the run up to Chuseok or Hangawi, a major harvest festival celebrated in Korea. Gift sets consisting of dried Hanwoo(Korean beef), dried fish, half-dried baked yams, and dried persimmons are in high demand as Chuseok(Korean Thanksgiving) gifts. According to Shinsegae department store, sales of [...]
SEOUL, Sept. 16(Korea Bizwire) -Lee Yong-soo(87), a surviving’ comfort woman’ to the Japanese army,has urged San Francisco’s city council to build a monument dedicated to comfort women. Lee was present at a conference at the San Francisco city council on September 15, and plead with officials to pass are solution to build a monument to [...]
SEOUL, Sept. 16 (Korea Bizwire)–A new ‘Palace Stay’ cultural experience program has been shelved by the Cultural Heritage Administration for the time being. The program was originally established to allow visitors to experience staying at Nakseonjae, a traditional residential complex located on the grounds of Changdeok Palace. The project was postponed mainly due to safety [...]
SEOUL, Sept. 10 (Korea Bizwire) – While TV home shopping companies are making profits greater than one trillion won by selling insurance, consumers are facing damages because of dishonest sales tactics. In the meantime, insurance has settled as one of the main revenue streams for home shopping businesses, and the commissions received from insurance companies [...]
SEOUL, Sept. 10 (Korea Bizwire)–The number of SK Telecom customers that selected a 20 percent discount for their monthly charges instead of financial support for a new device has exceeded one million. The ‘Discount Equal to Financial Support’ is a system that provides a discount on communications fees for new customers who don’t receive financial [...]
INCHEON, Sept. 9 (Korea Bizwire) – More than one trillion won is expected to be invested in the ‘Golden Harbor Development’ project at Incheon’s Songdo International Business District. The Incheon Port Authority announced that they will sign an MOU with BizPost Korea, an affiliate of the American corporation BizPost, related to investment in the Golden [...]
POCHEON, Sept. 9 (Korea Bizwire)-The National Arboretum of the Korea Forest Service has announced that it will exhibit water lilies at the tropical plant research center square located on its premises. Under the title, ‘A Tropical Garden On Water’, 40 species of tropical water lilies held by the National Arboretum, including the Victoria lily, will [...]