SEOUL, Nov. 21 (Korea Bizwire) – An increasing number of officetels – South Korean high-rises that are home to multi-purpose residential units – are getting the luxury treatment amid growing competition to attract residents. From gyms, guesthouses, and screen golf facilities to conference rooms, construction companies are ramping up efforts to build recreation facilities to [...]
SEOUL, Nov. 21 (Korea Bizwire) – The Seoul Metropolitan Government announced on Monday it is giving away so-called ‘companion plants’ to some 2,000 single elderly households to help fight depression and loneliness. Companion plants reflect the horticultural therapy aspect of plants with mental health benefits. When placed close to people, companion plants are thought to [...]
SEOUL, Nov. 21 (Korea Bizwire) – A record number of gamers visited this year’s global gaming convention G-Star, marking a successful year for the South Korean gaming industry. G-Star 2017 wrapped up on Sunday after four days of successful events attended by over 225,000 people, the biggest audience since the game exhibition was launched in 2005 [...]
SEOUL, Nov. 21 (Korea Bizwire) – New data from Mastercard has revealed that Seoul is the 7th most visited city by international tourists in the world. The Korea Tourism Organization announced on Sunday that Seoul ranked 7th in terms of visits by foreign tourists in 2016, citing the Mastercard Global Destination Cities Index 2017. The South [...]
SEOUL, Nov. 20 (Korea Bizwire) — With the southeastern city of Pohang still recovering from a 5.4-magnitude temblor last week that caused significant damage, the grim but necessary prospect of a major earthquake hitting Seoul has been a hot topic of discussion in South Korea in recent days. ‘What if a major earthquake hits Seoul?’ is [...]
SEOUL, Nov. 20 (Korea Bizwire) – Samsung Electronics Co. is expected to outpace U.S.-based Intel Corp. in terms of sales this year and emerge as the world’s No. 1 chip maker, data showed Monday. According to the data compiled by industry tracker IC Insights, Samsung will likely post sales of US$65.6 billion in the chip segment to account for 15 percent of the global market. Intel, on [...]
SEOUL, Nov. 20 (Korea Bizwire) – The International Olympic Committee (IOC) will pay its final technical visit to PyeongChang this week ahead of the start of the 2018 Winter Olympics in the South Korean host city, South Korean organizers said Monday. The organizing committee for the Olympics said the IOC will conduct its ninth and [...]
SEOUL, Nov. 20 (Korea Bizwire) – Naver’s new investment reports have revealed the IT giant is focusing on funding food-delivery apps and logistics startups. Speculation is growing in the wake of the recently released investment reports that Naver is expanding its presence in the field of logistics and physical distribution through venture capital projects with online [...]
SEJONG, Nov. 20 (Korea Bizwire) – The state tax agency has been allegedly involved in a number of abuse of power cases for political purposes in the previous conservative governments, a panel said Monday. A task force assigned to carry out sweeping reform of the National Tax Service (NTS) has looked into 60 cases which were suspected of being politically motivated by the tax office. The task force was launched three months after [...]
SEOUL, Nov. 20 (Korea Bizwire) – The family that owns South Korea’s No. 1 conglomerate Samsung Group fell a notch in the list of Asia’s richest families, data showed Monday. According to the list compiled by U.S.-based business magazine Forbes, the Lee family held assets estimated at US$40.8 billion this year, which puts them below [...]