SEOUL, June 4 (Korea Bizwire) – Yuhan-Kimberly, in response to the controversy around its plan to increase the price of sanitary pads, will be releasing a lower-priced sanitary pad product for low-income teens and females. The company revealed on June 3 that it will develop and release sanitary pads that maintain the company’s fundamental quality but [...]
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 [...]
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 [...]
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 [...]
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. [...]
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 [...]
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 [...]
SEOUL, June 2 (Korea Bizwire) – A recent study found that drinking even just a half a glass of milk a day reduces the likelihood of developing colon cancer by half. At the ‘2016 International Milk Symposium’ held in honor of World Milk Day (June 1), Professor Kim Jeong-sun from the Department of Cancer Epidemic Prevention at [...]
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, 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 [...]