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South Korea to Take Market-Stabilizing Measures to Deal with Possible FX Fluctuation

South Korea to Take Market-Stabilizing Measures to Deal with Possible FX Fluctuation

SEJONG, Sept. 29 (Korea Bizwire) – South Korea will take market stabilizing measures if the country’s foreign exchange becomes more exposed to volatility due to an external shock, a senior finance ministry official said Thursday. “Foreign exchange rates will be decided autonomously by the market,” Deputy Finance Minister Hwang Kun-il said at a symposium in Seoul. “But the government will take action if the rates experience [...]

Toshiba Inks Deal to Sell Memory Biz to Global Consortium

Toshiba Inks Deal to Sell Memory Biz to Global Consortium

SEOUL, Sept. 29 (Korea Bizwire) – Japanese tech giant Toshiba Corp. said Thursday it signed off on a deal to sell its memory business to a global consortium which includes South Korea’s SK hynix Inc. Toshiba earlier decided to start negotiations on selling its memory business to the consortium including participants from South Korea, the United States and Japan. The companies also include Bain Capital, [...]

South Korea to Offer US$1 Million Worth of Humanitarian Aid to Quake-Hit Mexico

South Korea to Offer US$1 Million Worth of Humanitarian Aid to Quake-Hit Mexico

SEOUL, Sept. 29 (Korea Bizwire) – South Korean plans to provide US$1 million worth of humanitarian assistance to Mexico recently hit by a massive deadly earthquake, the foreign ministry said Thursday. A 7.1-magnitude quake struck Mexico on Sept. 19, leaving 338 people dead and over 800 others injured. Dozens of buildings collapsed with over 14,000 homes damaged or destroyed, the ministry said. The latest quake [...]

Actor Kim Soo-hyun to be Enrolled in Military Next Month

Actor Kim Soo-hyun to be Enrolled in Military Next Month

SEOUL, Sept. 29 (Korea Bizwire) – South Korean actor Kim Soo-hyun will join the military next month, his agency said Thursday. Keyeast Co. said the actor of the popular TV series “My Love from the Star” confirmed that he will start fulfilling his mandatory military service on Oct. 23. All able-bodied South Korean men must serve in the militaryfor approximately two years. (Yonhap)

Daegu’s ‘Finding Your Ancestor’s Land’ Service Proves Popular

Daegu’s ‘Finding Your Ancestor’s Land’ Service Proves Popular

DAEGU, Sept. 29 (Korea Bizwire) – More and more people are interested in finding out whether their ancestors have left land or homes under their name, as a growing number of people have found unexpected land that belongs to their ancestors that was unknown to them previously. The Daegu Government’s ‘Find Your Ancestors’ Land’ service is [...]

Amazon to Help South Korean Online Sellers with International Sales

Amazon to Help South Korean Online Sellers with International Sales

SEOUL, Sept. 29 (Korea Bizwire) – International online shopping giant Amazon has announced plans to help South Korean sellers with international sales. Amazon set out plans during its first press conference in South Korea dubbed the ‘Global Selling Conference’, which was held at COEX on Thursday. The international shopping giant discussed its global selling service, ‘Amazon [...]

Busan to Lend Suits to Job Seekers Amid Growing Youth Unemployment

Busan to Lend Suits to Job Seekers Amid Growing Youth Unemployment

BUSAN, Sept. 29 (Korea Bizwire) – The Busan Metropolitan Government has announced plans to launch a complimentary suit rental service for young people who are preparing for job interviews in response to the growing issue of youth unemployment in the city. During a steering group meeting for employment policy on Thursday, government officials in Busan discussed [...]

New GPS System to Identify Location of Reports of Road Accidents on Highways

New GPS System to Identify Location of Reports of Road Accidents on Highways

SEOUL, Sept. 29 (Korea Bizwire) — South Korean road safety authorities have adopted a new GPS system to better identify the location of callers reporting traffic accidents on highways. According to the Korea Expressway Corporation on Wednesday, the highway call center has introduced a new GPS-based system that tracks down the location of those calling in [...]