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Former Footballer Park Ji-sung Becomes First Korean Torchbearer for PyeongChang 2018

Former Footballer Park Ji-sung Becomes First Korean Torchbearer for PyeongChang 2018

OLYMPIA, Greece, Oct. 25 (Korea Bizwire) – Football star Park Ji-sung became the first South Korean torchbearer for the PyeongChang Winter Games after receiving the flame from Greek cross-country skier Apostolos Angelis at the Pierre de Coubertin Monument on Tuesday. Park, who starred as a midfielder for Manchester United, said on Tuesday he feels honored to [...]

Aboard Aircraft Carrier, South Korean, U.S. Commanders Send Warning to North Korea

Aboard Aircraft Carrier, South Korean, U.S. Commanders Send Warning to North Korea

SEOUL, Oct. 24 (Korea Bizwire) – Aboard a U.S. aircraft carrier on Tuesday, the chiefs of the South Korean military and the American troops stationed in South Korea reaffirmed combined combat readiness, sending a strong warning against North Korea’s potential provocations. Gen. Jeong Kyeong-doo, chairman of the Joint Chiefs of Staff (JCS), and U.S. Forces Korea chief Gen. Vincent Brooks met on the U.S. aircraft carrier USS Ronald Reagan that was anchored off [...]

Leaders of South Korea, Japan Renew Call on North Korea to Abandon Nuclear Ambition

Leaders of South Korea, Japan Renew Call on North Korea to Abandon Nuclear Ambition

SEOUL, Oct. 24 (Korea Bizwire) – South Korean President Moon Jae-in and Japanese Prime Minister Shinzo Abe urged North Korea to give up its nuclear ambition Tuesday, saying the move will ensure a bright future for it. The renewed call came in a telephone conversation made by the South Korean leader to congratulate Abe on the outcome of the recent election in Japan. Abe’s ruling Liberal Democratic Party won 284 seats out ofthe total 465 seats at the House of Representatives, [...]

Korea National Ballet to Perform Anna Karenina in Celebration of PyeongChang 2018

Korea National Ballet to Perform Anna Karenina in Celebration of PyeongChang 2018

SEOUL, Oct. 24 (Korea Bizwire) – The Korea National Ballet is set to perform “Anna Karenina,” a ballet performance based on the Russian novel of the same title, at the Seoul Arts Center’s opera theater between November 1 and 5 in celebration of the PyeongChang 2018 Olympic Winter Games. “Anna Karenina” has been one of the [...]

Diageo Korea Launches New Low-Alcohol Whisky amid Change in Drinking Culture

Diageo Korea Launches New Low-Alcohol Whisky amid Change in Drinking Culture

SEOUL, Oct. 24 (Korea Bizwire) – Diageo Korea Co., the local unit of British drink maker Diageo Plc, launched a new low-alcohol whisky Tuesday to better cope with the country’s fast-changing drinking culture, the company said.  The newly released W Signature 12 is a 35 percent alcohol by volume (ABV) blended drink, which uses whiskies matured for at least 12 years in Scotland, according to the company.  “The [...]

Samsung to Test Automotive LED Products with Germany’s TUV SUD

Samsung to Test Automotive LED Products with Germany’s TUV SUD

SEOUL, Oct. 24 (Korea Bizwire) – Samsung Electronics Co. said Tuesday it will work with Germany-based TUV SUD to certify the performance of its light-emitting diode (LED) products for automobiles. TUV SUD is a German inspection and certification firm that boasts a history of testing automobile parts going back more than 100 years. Under the agreement, Samsung will have its LED products verified by TUV SUD, ensuring performance and reliability for consumers. Products that pass tests [...]

South Korea CDS Rises Drastically on Political Tensions

South Korea CDS Rises Drastically on Political Tensions

SEOUL, Oct. 24 (Korea Bizwire) – South Korea’s credit default swap has risen by over 25 basis points since the beginning of this year, reaching nearly 70 bps, amid growing political tensions surrounding North Korea and the U.S.’s hardline stance. According to data by financial information firm Markit and Yonhap Infomax, the five-year credit default [...]

Female-Friendly Work Environment Crucial in Sustainable Society, Pension Fund Executive Says

Female-Friendly Work Environment Crucial in Sustainable Society, Pension Fund Executive Says

SEOUL, Oct. 24 (Korea Bizwire) – Japanese pension fund executive Hiromichi Mizuno has said investment directed by environmental, social and governance issues is necessary to encourage women to participate in the labor force and build a sustainable society. Mizuno, who is the chief investment officer of Japan’s Government Pension Investment Fund (GPIF), among the world’s biggest pension [...]