Korea Bizwire, Author at Be Korea-savvy
Experts Divided Over Comments Section Regulations

Experts Divided Over Comments Section Regulations

SEOUL, Apr. 24 (Korea Bizwire) — South Korean internet experts are voicing different opinions regarding regulations on the comments sections typically found on news websites following a recent online opinion rigging scandal. In the wake of the ‘Druking’ scandal, which involves politicians who are accused of rigging public opinion by using an automation program, some South [...]

Disabled People No Longer Obliged to Disclose Disability to Insurance Companies

Disabled People No Longer Obliged to Disclose Disability to Insurance Companies

SEOUL, Apr. 24 (Korea Bizwire) — South Korean insurance companies can no longer ask disabled people to disclose their disability before extending coverage, according to financial authorities. The Financial Services Commission (FSC) announced plans on Monday to abolish the obligation for the disabled to reveal disabilities to insurance companies in a move to eradicate discrimination against [...]

Swimmer Park Tae-hwan Returns Home From Australian Camp for Nat’l Team Trials

Swimmer Park Tae-hwan Returns Home From Australian Camp for Nat’l Team Trials

INCHEON, April 24 (Korea Bizwire) – Olympic swimming champion Park Tae-hwan returned home from his Australian training camp on Tuesday to compete for a spot on the national team. Park spent the past three months training in Sydney. He’s back home for the national trials that start Friday in Gwangju, 330 kilometers south of Seoul. The trials, Park’s first competition of the season, will determine who will represent the [...]

POSCO Q1 Net Jumps 11% on Demand, Equity Gains

POSCO Q1 Net Jumps 11% on Demand, Equity Gains

SEOUL, April 24 (Korea Bizwire) – POSCO, the world’s fifth-biggest steelmaker by output, said Tuesday its first-quarter net profit jumped 11 percent from a year earlier on rising demand and increased shareholding gains. Net profit for the three months ending on March 31 rose to 1.084 trillion won (US$1 billion) from 976.9 billion won a year earlier, the company said in a statement. “Rising demand for steel products [...]

Hyundai Mobis Develops Stabilization Technology

Hyundai Mobis Develops Stabilization Technology

SEOUL, April 24 (Korea Bizwire) – Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Tuesday it has developed an advanced suspension system that helps reduce the body lean of cars during cornering. The company said five years of work went into its electrical Active Roll Stabilization (eARS), which not only improves handling on turns but also [...]

Singer Jang Hyun-seung, Rhythmic Gymnast Shin Soo-ji Break Up

Singer Jang Hyun-seung, Rhythmic Gymnast Shin Soo-ji Break Up

SEOUL, April 24 (Korea Bizwire) – K-pop singer Jang Hyun-seung and celebrity athlete Shin Soo-ji ended their romantic relationship, the singer’s agency said Tuesday. Cube Entertainment said the two decided to remain good friends and that it wasn’t clear when they split up. Jang, a former member of the now-defunct idol group BEAST, and Shin, a star gymnast-turned-pro bowler, started seeing each other last fall and [...]

Local Governments Courting North Korea

Local Governments Courting North Korea

SEOUL, Apr. 24 (Korea Bizwire) — Municipalities across South Korea are considering cooperation with North Korea including cultural exchanges ahead of major peace talks. Buoyed by the PyeongChang Winter Olympics and the upcoming peace talks, a number of local governments are toying with the idea of resuming economic and cultural exchanges with the North, which came [...]

Outbound South Korean Female Travelers Outstrip Men

Outbound South Korean Female Travelers Outstrip Men

SEOUL, Apr. 24 (Korea Bizwire) — The number of outbound South Korean women travelers outstripped men for the first time last year. According to a report released by the Korea Association of Travel Agents, over 24.83 million South Korean women traveled abroad last year, excluding flight attendants who accounted for 6.3 percent. In the meantime, the [...]