SEOUL, Nov. 7 (Korea Bizwire) – North Korea has rejected Hyundai Asan Corp.’s request to hold a ceremony in the reclusive country later this month to mark the anniversary of the launch of a now-suspended inter-Korean tour program, industry source said Tuesday. The company had received a green light from Seoul’s unification ministry to contact [...]
SEOUL, Nov. 7 (Korea Bizwire) – South Korean President Moon Jae-in and his wife Kim Jung-sook on Tuesday will present traditional Korean stone bowls and brass spoons and chopsticks as gifts to visiting U.S. President Donald Trump and his wife Melania Trump after a state dinner, the presidential office said. Moon will host a state [...]
SEOUL, Nov. 7 (Korea Bizwire) – Hotel Shilla Co. said Tuesday it has opened another duty-free outlet at a new airport terminal in Singapore, as it attempts to expand its presence in the overseas market. The new outlet at Changi Airport’s Terminal 4 has 117 cosmetics and fragrance brands, including 16 South Korean ones, the [...]
SEOUL, Nov. 7 (Korea Bizwire) – SK Telecom Co. said Tuesday it has developed data processing technology for the fifth-generation (5G) network that is capable of handling data 10 times faster than the long-term evolution (LTE) network. The mobile carrier said the technology allows a packet switched network to process massive amounts of data at [...]
ULSAN, Nov. 7 (Korea Bizwire) – An anonymous donor has given piggy banks worth over 50 million won to an educational foundation, in a move that warmed hearts. According to the Buk District Office in Ulsan, an individual who wished to remain anonymous recently donated scores of piggy banks that had been filled up over [...]
SEOUL, Nov. 7 (Korea Bizwire) – The South Korean government has teamed up with telecom giant KT to introduce a new fine dust response service as part of its big data flagship project this year. The big data-based fine dust service project by the Ministry of Science and ICT, the National Information Society Agency and [...]
SEOUL, Nov. 7 (Korea Bizwire) – Strom drains in Seoul and Sejong City are set to receive a makeover as part of a Ministry of Environment campaign to curb littering. The ministry announced plans on Monday to place environment friendly paintings in storm drains on the streets of Seoul and Sejong City to discourage littering cigarette [...]
SEOUL, Nov. 7 (Korea Bizwire) – South Korean supermarket giant Homeplus has been hit with a 500 million won fine after providing exaggerated profit forecasts to its convenience store franchisees. Homeplus is facing one of the biggest corporate fines in the country’s history after it was discovered the company had given 206 prospective franchisees exaggerated profit [...]
SEOUL, Nov. 6 (Korea Bizwire) – Donald Trump is set to meet with President Moon Jae-in in Seoul on Tuesday to discuss North Korea, the Korea-US free trade agreement and military cooperation, and the American president will also address the National Assembly during his two-day trip to South Korea. Trump’s trip to South Korea is the [...]
SEOUL, Nov. 6 (Korea Bizwire) – SK Holdings Co., the holding firm of South Korean energy and telecoms conglomerate SK Group, said Monday that it has decided to invest a combined US$60 million in two North Americanfashion brands in a bid to diversify its revenue sources. SK Holdings said it will make the investment in Canada-based Mackage and U.S.-based fashion firm Alice+Olivia. The latest deal follows the purchase of a stake in a Chinese meat-processing firm last month. SK Holdings did not reveal the [...]