SEJONG, Sept. 30 (Korea Bizwire) – The Korea Fair Trade Commission announced on Thursday it will take legal action against AirBnB after the online accommodations giant ignored its demand to comply with a correction order regarding its strict refund policy for South Korean clients. According to the Fair Trade Commission (FTC), AirBnB has failed to fully [...]
SEOUL, Sept. 29 (Korea Bizwire) – Workers who experience accidents during their commute will now be eligible for compensation, as new legislation has been passed at the National Assembly to categorize commuting as a continuation of work. During a plenary session on Thursday, the new legislative amendment of the current Industrial Accident Compensation Insurance Act was [...]
SEOUL, Sept. 30 (Korea Bizwire) – Earlier this week, up and coming South Korean actor Park Bo-gum was embroiled in a scandal surrounding his questionable affiliation with the controversial Jesus Centered Church, after a post was uploaded on his Twitter account promoting an event tied to what many consider to be a religious cult. The controversy [...]
JEJU, Sept. 29 (Korea Bizwire) – The Jeju government is holding a contest to look for a new name to replace what has been known as Baojian Street for the last few years, in response to the declining number of Chinese tourists to the island. The latest move by the Jeju government comes amid a drastic [...]
SEONGNAM, Sept. 29 (Korea Bizwire) – The very first Seongnam Moran Festival kicked off on Friday, which will be held for almost a month to boost the local economy of Seongnam City in Gyeonggi Province. The event officially began at a public parking lot where the Moran market will be relocated. Performances of traditional Korean music [...]
CHANGWON, South Korea, Sept. 29 (Korea Bizwire) – About 15,000 migrants from 12 countries are expected to show up at a massive street parade in the southeastern city of Changwon this Sunday as part of an annual multicultural festival, organizers said. The 12th Migrants’ Arirang Multicultural Festival (MAMF) will kick off Friday evening for a three-day run featuring traditional performances, an Asian pop concert, folk [...]
SEOUL, Sept. 29 (Korea Bizwire) – The Bank of Korea said Friday it has injected a net 7 trillion won (US$6.1 billion) in liquidity into the financial system to help keep the money supply stable ahead of the Chuseok holiday. The central bank said its money injection for the 10 business days leading up to the holiday jumped 43.3 percent from a year ago as this year’s holidayis the longest in decades. The government gave [...]
SEOUL, Sept. 29 (Korea Bizwire) – A U.S.-based semiconductor technology company filed a lawsuit against Samsung Electronics Co. claiming patent infringement, industry sources said Friday. According to the sources, Tessera Technologies Inc. and its affiliates claimed Samsung Electronics made use of some 24 patented items, covering a wide range of semiconductor processing, bonding and packaging technologies. The Samsung products involved in the alleged infringements include the Galaxy S6, S7 and [...]
SEOUL, Sept. 29 (Korea Bizwire) – South Korea has postponed the opening of new duty-free shops by one year amid a diplomatic row between Seoul and Beijing over a missile defense system, industry sources said Friday. In December last year, the Korea Customs Service (KCS) announced six new operators of duty-free shops in Seoul and two provincial cities, giving them 12 months to prepare to open their shops. The KCS [...]
INCHEON, Sept. 29 (Korea Bizwire) – Jeju Air Co., South Korea’s leading budget carrier, on Friday began service on the Incheon-Vladivostok route as the number of passengers on it is rapidly rising, Incheon airport authorities said. Jeju Air became the first South Korean low-cost carrier to open the route. The airline provides the service four times a week with a 189-seat plane, according to the authorities. The number of passengers on the route soared more than 30 percent [...]