SEJONG, Sept. 14 (Korea Bizwire) – Young promising artists from the countries to participate in the 2018 PyeongChang Winter Olympic Games will take part in joint cultural activities under an artist-in-residence program in the alpine town later this week, the event’s organizer said Thursday. Artist-in-residence programs offer artists and other creative professionals to stay and [...]
BEIJING/SEOUL, Sept. 14 (Korea Bizwire) – Lotte Group has begun work to sell its discount store chain in China, company officials and an industry source said Thursday, as China steps up its retaliation against the South Korean retail giant due to its support for an advanced U.S. missile defense system. According to the sources, Lotte [...]
SEOUL, Sept. 14 (Korea Bizwire) – KB Financial Group Inc.’s chairman nomination committee said Thursday it named current chairman Yoon Jong-kyoo the sole candidate for next chairman. Yoon, has held the post since 2014, became the sole candidate as two other rivals dropped out of the race. Yoon, 62, started his career at the Korea [...]
YANGPYEONG, Sept. 14 (Korea Bizwire) – A train crash that occurred in Gyeonggi Province on Wednesday is causing controversy as it has been reported the accident occurred on a railway line set to be used to carry passengers to Pyeongchang during next year’s Winter Olympics. During the deadly train crash, which took place in the early [...]
SEOUL, Sept. 14 (Korea Bizwire) – As speculation continues to grow over the possible withdrawal of General Motors from South Korea, attempts to come to an agreement on wages abruptly ended with little to no progress on Wednesday, putting the company’s future into uncharted waters. The 19th wage bargaining talks between GM Korea’s management and the [...]
SEOUL, Sept. 14 (Korea Bizwire) – South Korean content provider CJ E&M has announced plans to release more than a dozen local movies in the international market every year by 2020, a bold move to focus on emerging markets with the South Korean movie industry reaching its saturation point. Jung Tae-seong, the head of movie division [...]
SUWON, Sept. 14 (Korea Bizwire) – A new survey has revealed that nearly half of small and medium-sized South Korean companies that focus on the new technologies such as smart health care and drones face difficulties due to ‘too many regulations,’ with the resulting economic damages estimated to reach 200 million won per company. The [...]
DAEJEON, Sept. 14 (Korea Bizwire) – The Korean Industrial Property Office has announced that new legislation designed to support and encourage invention education in elementary, middle and high schools will take effect on Friday, pushing local education authorities to come up with plans for a systematic education program to nurture creativity and invention. In line with [...]
SEOUL, Sept. 14 (Korea Bizwire) – After a serious egg contamination scandal that shook the confidence of South Korea consumers, gift sets of free-range eggs from animal-friendly farms have appeared at department stores, marking the first time eggs are being considered as a Chuseok gift. Lotte Department Store, one of the country’s major department store chains, [...]
BUSAN, Sept. 14 (Korea Bizwire) – A new photo exhibition showcasing pictures of a Korean War hospital operated by Swedish medical volunteers has opened in Busan at Dong-A University. The opening ceremony of the photo exhibition dedicated to brave war veterans and medical staff at the Swedish Red Cross’s field hospital in Busan took place on [...]