SEOUL, Nov. 14 (Korea Bizwire) – South Korea said Tuesday it is gauging an “appropriate” time to implement its planned aid to North Korea via U.N. agencies. In September, South Korea approved a plan to offer US$8 million in humanitarian assistance to North Korea to support infants and pregnant women amid tensions sparked by North [...]
SEOUL, Nov. 14 (Korea Bizwire) – South Koreans’ satisfaction with their consumer life rose compared to two years ago on the back of improvements in key sectors such as food and clothing, a poll showed Tuesday. The index gauging consumer satisfaction rose 12.8 points from 63.8 in 2015 to 76.6 this year, according to the [...]
SEOUL, Nov. 14 (Korea Bizwire) — Two British graffitists have been sentenced to four months in jail after painting letters on subway trains in Seoul. An appeal filed by the graffitists, who are also brothers, was denied by the Seoul Eastern District Court, which means the two face four months in jail for trespassing and property [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korean companies enjoyed increased sales during Chinese Singles’ Day over the weekend, signaling the end of China’s year-long THAAD retaliation. Sales at major duty-free stores including Lotte and Shilla increased by up to 30 percent among Chinese customers, while sales at online shopping giants Gmarket and Global Hmall nearly [...]
SUWON, Nov. 13 (Korea Bizwire) — Self-driving cars and human drivers are expected to go head to head at the upcoming Pangyo Autonomous Motor Show 2017. A much-anticipated question among car fans will be answered later this week at the Pangyo show, as autonomous cars and human drivers will show off their driving skills to decide [...]
SEOUL, Nov. 13 (Korea Bizwire) — Criticism continues to grow on social media over the controversial treatment of nurses at a South Korean hospital, including sexual dance performances that have been accused of being sexist and abuses of power from the top down. Hallym University Medical Center has been embroiled in a sexism controversy after [...]
DAEJEON, Nov. 13 (Korea Bizwire) – Cadmium, one of the key substances in fine dust particles, can slow down an individual’s walking pace, a new study has claimed. A research team led by professor Choi Yun-hyeong at Gachon University discovered that exposure to cadmium, which is often found in fine dust and cigarettes, can have a [...]
SEOUL, Nov. 13 (Korea Bizwire) – South Korean companies that operated factories at the now-shuttered joint industrial park in North Korea said Monday they will accept the tens of billions of won in compensation recently offered by the government, yet decided to seek additional support. On Friday, the government said it will provide compensation to hundreds of domestic companies who suffered losses [...]
SEOUL, Nov. 13 (Korea Bizwire) – Lotte Duty Free, South Korea’s top duty-free operator, said Monday it has tapped K-pop boy band BTS as its newmodel, as local retailers aim to attract more foreign customers amid a normalization of ties between Seoul and Beijing over a U.S. missile defense system. Including BTS, Lotte Duty Free has 58 K-pop celebrities, including actor Lee Min-ho and K-pop girl group TWICE, as its model, according to the company. The duty-free operator’s [...]
SEOUL, Nov. 13 (Korea Bizwire) – The largest shareholder of the nation’s second largest public broadcaster Munhwa Broadcasting Corporation (MBC) on Monday voted to fire the company president Kim Jang-kyom for his “politically biased” control of the company’s news coverage. The Foundation for Broadcast Culture (FBC) passed a motion on the dismissal of Kim through its eighth extraordinary board meeting in Seoul. Of six FBC board [...]