SEOUL, Sept. 28 (Korea Bizwire) – South Korea will step up quarantine measures against bird flu ahead of the long holiday as a suspected case was reported in the country’s southern region, the Ministry of Agriculture, Food and Rural Affairs said Wednesday. The ministry said an H7N7 strain of avian influenza (AI) was found in wild bird droppings that were collected in [...]
SEOUL, Sept. 27 (Korea Bizwire) – South Korea’s No. 2 chipmaker SK hynixInc. said Wednesday its board of directors approved a plan to inject 4trillion won (US$3.5 billion) in a consortium to buy Japan’s Toshiba Corp.’s memory arm. The investment can allow the SK hynix to secure up to 15 percent stake in the Japanese firm’s memory unit. The Bain Capital-led consortium is in talks with Toshiba to finalize the deal estimated at 2 trillon yen ($18 billion). In a statement, SK hynix, a member of the consortium, said its participation in the [...]
SEOUL, Sept. 27 (Korea Bizwire) – A government panel on Wednesday withheld its decision over whether to approve a controversial project to build a cable car on a mountain range on the country’s east coast, officials said. The project calls for a 3.5-kilometer-long cable car system to be built in the southern region of Mount Seorak in [...]
SEOUL, Sept. 27 (Korea Bizwire) – Cargo processed at South Korean seaports increased 8.1 percent last month from a year earlier, driven by brisk export of vehicles and imports of soft coal, government data showed Wednesday. The total amount of seaport cargo stood at 128.8 million tons inAugust, up from 119.1 million tons tallied a year earlier, according to the data by the [...]
SEOUL, Sept. 27 (Korea Bizwire) – K-Bank said Wednesday it will launch lending services for home mortgages and non-life insurance distribution by the end of this year, expanding its business portfolio to intensify competition with traditional banks. The Internet-only bank, which was launched in April with paid-in capital of 250 billion won, will also launch [...]
SEOUL, Sept. 28 (Korea Bizwire) – As American blogging giant Tumblr has refused the South Korean government’s request for cooperation on censoring pornographic content, which is illegal in the country, blocking Tumblr as a whole has emerged as a possibility among media regulatory authorities. During a briefing on protection from online sex crimes held on Tuesday [...]
SEOUL, Sept. 28 (Korea Bizwire) – Some of the attacks reported on South Korean bitcoin exchanges earlier this year have been found to be from North Korean hackers, according to police. The Korean National Police Agency said on Wednesday that North Korean hackers are responsible for the malware attack on e-mail accounts of officials of South [...]
SEOUL, Sept. 28 (Korea Bizwire) – Swedish carmaker Volvo’s first South Korean designer Lee Jung-hyun says there are similarities between Koreans’ appreciation of empty space and the beauty of Scandinavian designs, which he reflected in the design of the new XC60. Lee, 38, is the first Korean designer at Volvo, as well as the senior designer [...]
SEOUL, Sept. 28 (Korea Bizwire) – The Korea Baseball Organization has announced plans to introduce a sports agent system from next year, which will see agents contact baseball teams on behalf of players to negotiate salaries and marketing activities. The organization representing South Korea’s professional baseball players made the announcement during its third board of directors [...]
SEOUL, Sept. 28 (Korea Bizwire) – The Ministry of National Defense announced plans on Wednesday to promote military service on social media through photo shoots showcasing different ranks and jobs in the military. The project named ‘I see HIM’, a wordplay on the Korean word ‘heem’ which means power, is part of the Ministry of National [...]