Washington, D.C., Oct. 24 (Korea Bizwire) – The director of the IMF’s Asia and Pacific Department, Rhee Chang-yong, has said though South Korea faces high household debt levels compared to other OECD member states, the level of indebtedness does not pose an imminent threat. Speaking to the press on Monday at the Korean Cultural Center in Washington [...]
SEOUL, Oct. 24 (Korea Bizwire) – The lack of a network linking major companies, venture capital, and academia is an issue that must be resolved to ensure the viability of the South Korean biotech industry, experts have revealed during a conference. During the 2017 Korea Bio Plus Global Conference, which was held on Monday at COEX [...]
SEOUL, Oct. 24 (Korea Bizwire) – South Korean boy band BTS has been named as one of the 15 most influential celebrities on social media by US Weekly, alongside American President Donald Trump and international pop star Beyonce. The seven-member band ranked 14th among the ‘most influential celebrities on social media’ according to the periodical, with [...]
SEOUL, Oct. 24 (Korea Bizwire) – International auction house Phillips is set to hold an auction preview for the first time in South Korea next month ahead of the 20th Century & Contemporary Art Evening Sale scheduled in Hong Kong later this year. Phillips, one of the major international auction houses alongside Christie’s Auctions and Private [...]
JEJU, South Korea, Oct. 23 (Korea Bizwire) – A U.S. private school opened in an English educational enclave on South Korea’s largest island of Jeju on Monday, bringing to four the number of international schools set up on the island. Saint Johnsbury Academy Jeju, which will hold a ceremony at its compound in the city of Seogwipo on the resort island on Nov. [...]
SEOUL, Oct. 23 (Korea Bizwire) – The head of General Motors Co.’s South Korean operations, speaking during a parliamentary audit session Monday, didn’t deny speculation that the U.S. carmaker may withdraw from South Korea on weaker sales. At the audit, GM Korea President and Chief Executive Kaher Kazem repeatedly said he will do his best [...]
SEJONG, Oct. 23 (Korea Bizwire) – South Korea will strengthen punishments for those who leave their dogs unleashed in public spaces and add specific dog bite clauses to animal protection laws to address safety concerns, the agriculture ministry said Monday. Calls have risen to urge dog owners to constrain their pets in public spaces as [...]
SEOUL, Oct. 23 (Korea Bizwire) – South Korean TV doctors are facing criticism for spreading unfounded and misleading medical information to boost ratings, with one doctor even heard saying ‘doing a handstand can help grow hair’ on national television. The latest accusations against so-called ‘show doctors’, which refer to TV doctors who make appearances on health-themed [...]
SEOUL, Oct. 23 (Korea Bizwire) – CJ CGV, South Korea’s largest cinema chain, will advance to the Russian market for the first time as a foreign theater chain. CJ CGV signed a contract Monday with Russian land developer ADG Group in Seoul to set up a joint venture in Hong Kong with registered capital amounting [...]
ATHENS, Oct. 23 (Korea Bizwire) – South Korean Prime Minister Lee Nak-yon said Monday that the PyeongChang Winter Olympics will turn out to be a success, just as the 1988 Seoul Olympics and the 2002 soccer World Cup were successfully held despite tensions with North Korea. Speaking at a meeting of South Korean businessmen based [...]