Korea Bizwire, Author at Be Korea-savvy
Office Rents in Seoul Increasing at Second-Highest Rate in Asia

Office Rents in Seoul Increasing at Second-Highest Rate in Asia

SEOUL, June 4 (Korea Bizwire) – A recent study found that the rate of increase for office rents in Seoul was the second-highest in Asia, among 19 major cities. According to a study conducted by major U.K. real estate consulting corporation Knight Frank, rents in Seoul during this year’s first quarter increased by 2.6 percent compared [...]

Drone Delivery and Twizy Electric Car Legal in July

Drone Delivery and Twizy Electric Car Legal in July

SEOUL, June 4 (Korea Bizwire) – Starting in July, those who want to fly drones or drive the new Twizy electric car will be able to do so legally.  The Ministry of Land, Infrastructure and Transport revealed on June 2 that seven ministerial orders will be revised as follow-up measures to last month’s regulation reform ministry meeting. The ministry [...]

Government Investigates KakaoTalk URL Search

Government Investigates KakaoTalk URL Search

SEOUL, June 4 (Korea Bizwire) – The government recently began an investigation into Kakao, the corporation behind both KakaoTalk and the Daum internet portal, after it was discovered that the company had been using URL links shared in KakaoTalk conversations as data to configure its Daum search algorithms. Citizen organizations and users alike have been criticizing Kakao after [...]

S. Korea Attempts to Naturalize German Luger for Winter Games

S. Korea Attempts to Naturalize German Luger for Winter Games

SEOUL, June 2 (Korea Bizwire) – South Korea’s top sports organization said it will ask the government to grant Korean citizenship to a German-born luger, giving her the opportunity to represent Korea at the 2018 Winter Olympics in Pyeongchang.  The Korean Olympic Committee (KOC) said it will recommend Aileen Frisch to the Ministry of Justice for special naturalization. [...]

Ruling Party Urges Government to Bolster Clean Air Policy

Ruling Party Urges Government to Bolster Clean Air Policy

SEOUL, June 2 (Korea Bizwire) – South Korea’s ruling party has urged the government to prioritize improving the country’s air quality instead of only focusing on policy for energy efficiency.  “While the government has been promoting diesel automobiles for energy efficiency, it is important to realize these cars contribute to air pollution problems,” Rep. Chung Jin-suk, the [...]

Global Experts on Private Equity Funds Pick Investment-Worthy Korean Businesses

Global Experts on Private Equity Funds Pick Investment-Worthy Korean Businesses

SEOUL, June 2 (Korea Bizwire) – “The consumer market in Korea is high developed, so I believe Korea’s services sector is the most promising,” stated Stefan Zuschke, the president of BC Partners.    “If I invested in a Korean business, I would invest in one of Korea’s IT corporations,” claimed VSS executive director Christopher Russell. And [...]

Working Class Self-Evaluate Retirement Age as 50.9

Working Class Self-Evaluate Retirement Age as 50.9

SEOUL, June 2 (Korea Bizwire) – Although this year was supposed to mark the beginning of a ‘retirement in your 60s’ cultural shift, current workers have projected their own retirement age to be barely over 50. ‘Job Korea’, an employment portal website, conducted a survey on 1,405 employees of both genders with the question, ‘Considering the current [...]

Seoul to Provide 180 Million Won for Each ‘Hanok’ Renovation

Seoul to Provide 180 Million Won for Each ‘Hanok’ Renovation

SEOUL, June 1 (Korea Bizwire) – The Seoul Metropolitan Government will provide up to 180 million won (U.S. $151,200) worth of subsidies for the renovation of traditional houses. The announcement was made soon after an area of 550,000 square meters over five districts, including two of the oldest neighborhoods in the capital, was designated as a [...]