SEOUL, Sept. 26 (Korea Bizwire) – South Korean financial authorities have announced it is set to reform the regulatory landscape of the country’s investment sector to sway investors’ interest away from housing investment and towards startups and venture capital for innovative companies. According to the Financial Services Commission on Sunday, South Korean financial authorities are poised [...]
YEONGCHEON, Sept. 26 (Korea Bizwire) – Construction projects for thermal power stations in South Korea, which generate energy by burning wood waste, have been met with strong opposition from local government officials and residents over fears of possible air pollution. South Korean energy companies’continuous efforts to build a new thermal power station are being thwarted by [...]
SYDNEY, Sept. 26 (Korea Bizwire) – The Korean pop culture festival KCON was held at Qudos Bank Arena in Sydney, Australia over the weekend, attracting over 20,000 Oceanian fans. The event, which has been organized by South Korean entertainment company CJ E&M since 2012, marked its sixth anniversary this year, showcasing the latest K-pop, drama series [...]
SEOUL, Sept. 26 (Korea Bizwire) – This year’s Jongno Hanbok Festival came to an end on Sunday, after successfully promoting the beauty of Hanbok, Korea’s traditional dress, in central Seoul over the weekend. The three-day long Jongno Hanbok Festival 2017, which began on Friday, was packed with events including a performance of the traditional Korean dance [...]
SEOUL, Sept. 26 (Korea Bizwire) – South Korea has exported 20 percent more cosmetics during the first half of this year compared to the same time last year, despite political tensions with China in recent years over the deployment of the controversial THAAD missile defense system on its soil. Data released on Monday by the Ministry [...]
SEOUL, Sept. 26 (Korea Bizwire) – The number of venture businesses with annual sales of over 100 billion won has reached 513, the highest figure since records began in 2005, according to a new survey. Findings from the survey conducted by the Ministry of SMEs and Startups and the Korea Venture Business Association last year were [...]
SEOUL, Sept. 25 (Korea Bizwire) – Local South Korean airline carriers plan to train and hire 3,000 pilots by 2022 to meet growing demand, the transport ministry said Monday. The move is designed to help meet rising demand for airline service as an increasing number of Koreans opt to travel abroad. Currently, low-cost carriers offer [...]
SEOUL, Sept. 25 (Korea Bizwire) – The local unit of U.S. fast food chain McDonald’s said Monday it will carry out inspections of all of its stores in South Korea after its allegedly undercooked burger patties were accused of causing health problems in local consumers. The Korea Food Safety Association (KFSA) will visit 440 McDonald’s [...]
SEOUL, Sept. 25 (Korea Bizwire) – “Love Yourself: Her,” the latest album by K-pop boy band BTS, has sold more than 750,000 copies in the first week, according to its agency Monday. The record, the first in the band’s new “Love Yourself” series, sold 759,263 copies from Sept. 18-24, Big Hit Entertainment said, citing music [...]
SEOUL, Sept. 25 (Korea Bizwire) – Some 200 former and current South Korean athletes, including Olympic gold medalists, will volunteer during the 2018 PyeongChang Winter Games, the national Olympic committee said Monday. The Korean Sport & Olympic Committee (KSOC) held a launch ceremony for a team of athlete volunteers at the National Training Center in [...]