Korea Bizwire, Author at Be Korea-savvy
S. Korea, China Agree to Expand Car Ferry Operations

S. Korea, China Agree to Expand Car Ferry Operations

SEJONG, Jan. 19 (Korea Bizwire) – South Korea and China have agreed to expand car ferry operations between the two nations to cope with growing demand for maritime shipping and travel, Seoul’s oceans ministry said Friday. The Ministry of Oceans and Fisheries said the agreement was reached in a meeting of senior maritime officials in the southern Chinese city of [...]

Employees of Samsung Electronics, SK Hynix to Get Huge Bonuses: Sources

Employees of Samsung Electronics, SK Hynix to Get Huge Bonuses: Sources

SEOUL, Jan. 19 (Korea Bizwire) – Employees of South Korea’s two major semiconductor manufacturers are set to receive big bonuses this month for their strong performance last year amid the global boom for chip industries, industry sources said Friday. Samsung Electronics Co. workers in the semiconductor sector will receive annual bonuses, called the Overall Performance Incentive, amounting to up to 50 percent of their annual salary, on Jan. 31, [...]

S. Korean FM Pledges to Hold N. Korea Accountable Despite Their Olympic Participation

S. Korean FM Pledges to Hold N. Korea Accountable Despite Their Olympic Participation

SEOUL, Jan. 19 (Korea Bizwire) – South Korea’s top diplomat said Friday Seoul is working closely with the international community to make sure North Korea’s PyeongChang Olympic participation does not run afoul of international sanctions imposed on the North. “We are closely working with the United States and the United Nations Security Council Sanctions Committee on North Korea so that there should be no controversy regarding the North’s [...]

Cryptocurrency Policy Advisor Made Millions Before Government Announced Regulations

Cryptocurrency Policy Advisor Made Millions Before Government Announced Regulations

SEOUL, Jan. 19 (Korea Bizwire) – A South Korean cryptocurrency policy advisor who has made over 10 million won via investment in cryptocurrencies is being accused of using inside information for personal gain. A member of the Financial Supervisory Service, whose name remains anonymous, enjoyed a profit margin of over 50 percent after selling his cryptocurrency [...]

Big Wave of M&A Activity in South Korean IT Industry

Big Wave of M&A Activity in South Korean IT Industry

SEOUL, Jan. 19 (Korea Bizwire) – Mergers and acquisitions are heating up in South Korea’s information technology industry this year. With the Fourth Industrial Revolution on the horizon, IT industry leaders like Kakao and SKT are poised to expand their presence by merging with companies in the content industry. According to industry sources, Kakao recently issued [...]

Ticket Sales for PyeongChang Paralympics Surpass 70%

Ticket Sales for PyeongChang Paralympics Surpass 70%

SEOUL, Jan. 19 (Korea Bizwire) – Ticket sales for the 2018 PyeongChang Winter Paralympics have surpassed 70 percent, the event’s organizers said Friday. There are less than 50 days left until the opening of the first Winter Paralympic Games in South Korea. And as of Thursday, 155,000 tickets had been sold, or 70.4 percent of the organizers’ target of 220,000 tickets. The Winter Paralympics will be staged from March 9 [...]