NEW YORK, Oct. 12 (Korea Bizwire) – A statue symbolizing the victims of Japanese wartime sexual slavery will be unveiled in New York this week, a local Korean association said Thursday. The girl statue will be installed inside the Museum of Korean American Heritage in Manhattan following an unveiling ceremony at the site on Friday. [...]
SEOUL, Oct. 13 (Korea Biziwire) – The presidential office will request Friday that the prosecution investigate the alleged manipulation of official documents by former leader Park Geun-hye’s aides to lessen her responsibility for the government’s mishandling of the deadly sinking of a passenger ship three years ago, a Cheong Wa Dae official said. The official, [...]
SEJONG, Oct. 13 (Korea Bizwire) – South Korea’s economic recovery momentum remains feeble as weak domestic demand such as private consumption offset strong overseas sales, a government report said Friday. “The South Korean economy has been maintaining an upturn pace on the back of brisk exports and recovering global demand, but domestic consumption has remained [...]
SEOUL, Oct. 13 (Korea Bizwire) – Sales of Lotte Mart, the discount store chain of South Korean retail giant Lotte, in China dropped nearly 65 percent in the first eight months of this year in the face of Beijing’s retaliation over Seoul’s installation of a U.S. anti-missile system, data showed Friday. According to the data [...]
SEOUL, Oct. 12 (Korea Bizwire) – Scores of children of the owners of nine conglomerates in South Korea have more than 100 billion won (US$88.2 million) worth of stocks in related companies, government data showed Thursday, amid the owners preferring the early transfer of assets to their offspring to reduce inheritance tax down the road. The amount [...]
SEOUL, Oct. 12 (Korea Bizwire) – Hankook Tire Manufacturing Co., the world’s seventh-biggest tiremaker by sales, said Thursday it has begun supplying high-performance tires to Honda Motor Co.’s Accord sedan. The Korean carmaker has supplied original equipment (OE) tires to the Japanese carmaker’s models, such as the Civic sedan and the CR-V SUV. It added [...]
SEOUL, Oct. 12 (Korea Bizwire) – LG Electronics Inc. said Thursday it will kick off sales of the V30 smartphone in the United States this week and gradually expand the global release of the product to play a key role in revitalizing its mobile business. The South Korean tech giant said it will release the [...]
SEOUL, Oct. 12 (Korea Bizwire) – South Korea will accelerate its “leading” efforts to create an environment for the resumption of talks aimed at denuclearizing North Korea, the country’s top diplomat said Thursday. Foreign Minister Kang Kyung-wha said that her ministry will work hard to encourage China and Russia to use their leverage on the [...]
SEOUL, Oct. 12 (Korea Bizwire) – GM Korea Co.’s net losses are set to deepen this year as its domestic sales have fallen sharply due to a lack of new models and lack of progress in labor-management talks over wages, industry sources said Thursday. The South Korean unit of General Motors Co. posted hefty net [...]
SEOUL, Oct. 4 (Korea Bizwire) – Automatic recommendation systems, in which a machine analyzes a user’s interests and shows news articles, video-clips, music, and other items which suit his or her taste, are becoming ubiquitous. The function was unthinkable even a few years ago on domestic machines. As mobile services whose contents need to be selectively [...]