SEOUL, April 16 (Korea Bizwire) – The debate over a lower voting age is heating up in South Korea, with the older and younger generations clashing ahead of upcoming local elections. Under current laws, South Koreans younger than 19 years of age can’t cast a vote, join a party or participate in election campaigns, while candidates [...]
SEOUL, April 16 (Korea Bizwire) – South Korea’s football governing body said Monday that it has decided to allow event organizers to cancel matches when fine dust advisories or warnings are issued. The Korea Football Association (KFA) said it has notified its subordinate federations, including the K League, the operator of South Korea’s pro football league, about a new rule on fine dust. The KFA said it decided [...]
SEOUL, April 16 (Korea Bizwire) – A couple of reigning Olympic archery champions will represent South Korea at this year’s Asian Games. Chang Hye-jin, a double gold medalist at the 2016 Rio de Janeiro Summer Games, and Kim Woo-jin, a member of the gold medal-winning men’s team at the same competition, won the female and male events at the 2018 national team trials on [...]
SEOUL, April 16 (Korea Bizwire) – The Financial Supervisory Service (FSS) said Monday it has extended its inspection into Samsung Securities over brokerage’s “fat-finger” dividend chaos that shocked the country. The inspection had been completed on Thursday but has been stretched out to April 27 to “figure out special details” of the dividend error, the FSS said in a statement. [...]
SEOUL, April 16 (Korea Bizwire) – The Japanese leg of this year’s KCON, an annual global Korean pop music and culture convention, drew a crowd of some 68,000 during its three-day run, organizers said Monday. The three-day event held at the Makuhari Messe convention center in Chiba, east of Tokyo, from Friday to Sunday was attended by a combined audience of 68,000, [...]
SEOUL, April 16 (Korea Bizwire) – South Korean online shopping site operators continued to report losses in 2017 amid fierce market competition, regulatory data showed Monday. Coupang Inc. suffered a combined net loss of 673.5 billion won (US$628.5 million) last year, up 20 percent from 561.8 billion won reported a year earlier, the company said in a regulatory filing. Its sales jumped 40 percent on-year [...]
SEOUL, April 16 (Korea Bizwire) — Seoul has announced plans to invest billions of won over the next four years to improve the city’s public education system. According to the action plans revealed on Monday, the Seoul Metropolitan Government will help establish a creative environment in classes to nurture problem solving capabilities and prepare students for [...]
SEOUL, April 16 (Korea Bizwire) — The South Korean government is using technology to crack down on fake news and illegal election practices ahead of the upcoming local elections. The National Election Commission has adopted a digital authentication service, a new system developed by the National Forensic Service (NFS) designed to authenticate online content and collect [...]
SEOUL, April 16 (Korea Bizwire) — Samsung and LG are reportedly considering ending the production of 40-inch screens in China amid a mushrooming Sino-American trade war. According to sources close to the industry, the two South Korean electronics companies are toying with the idea of moving production lines of 40-inch LCD screens after the U.S. government [...]
SEOUL, April 14 (Korea Bizwire) — An increasing number of Seoul residents are expressing opposition to public welfare facilities amid fears that they could bring down housing prices in their community. At the center of the rise of NIMBYism in recent years are rental apartments for young people. The Seoul Metropolitan Government is undertaking a housing [...]