SEOUL, April 4 (Korea Bizwire) – Daewoo Shipbuilding & Marine Engineering Co., a leading South Korean shipbuilder, said Wednesday it has clinched a deal to build two oil carriers for an unidentified company in North America. The shipbuilder said it is set to deliver the very large crude carriers to the shipping firm by the first quarter of 2020, without elaborating on the value [...]
SEOUL, April 4 (Korea Bizwire) – The Korean Film Council (KOFIC) made a public apology on Wednesday for its involvement in past administrations’ scheme to blacklist left-leaning artists and deny them state support. “Under the two past governments, the KOFIC made the big mistake of creating a blacklist of cultural-art figures on instructions from relevant [...]
SEOUL, April 4 (Korea Bizwire) — Inspired by Korean American students’ efforts, one of the major American education publishers McGraw-Hill says it will consider adding more Korean culture and history to social studies textbooks used in in both primary and secondary education. In a letter from McGraw-Hill released by U.S.-based Korean interest group Echo-Korea, the publisher [...]
SEOUL, April 4 (Korea Bizwire) — A number of post offices in South Korea will provide coding courses for free. Korea Post said on Tuesday that select post offices across the country will participate in its ‘Small University’ scheme, including Sangam Digital Post Office, Anyang Mail Center, Jochiwon Post Office, Gwangju Chungjangno Post Office, Busan Gupo-dong [...]
SEOUL, April 4 (Korea Bizwire) — Sales of Mini vehicles reached a new high last year, signaling the brand’s growing popularity among South Korean drivers. To celebrate a record-breaking 9,562 vehicles sold in South Korea alone last year, the 2018 Mini Brand Day was held on Tuesday in Seoul, an event for Mini fans. During the [...]
SEOUL, April 4 (Korea Bizwire) — Private spending in South Korea fell to a record low last year amid gloomy employment prospects and rapid population aging. The ratio of private spending to the country’s gross domestic product (GDP) reached 48.1 percent in 2017, down 0.6 percentage points from a year ago, the lowest since records began [...]
SEOUL, April 4 (Korea Bizwire) — South Korean broadcasters have been hit with sexism charges from a media watchdog with their TV coverage of the PyeongChang Olympics. Despite having been praised as the least sexist Winter Games in history, 30 cases of sexist comments in a total of 325 broadcasting programs were uncovered by the Korea [...]
SEOUL, April 3 (Korea Bizwire) — The South Korean government has revealed plans to ensure workers’ rights and improve working conditions in the art industry. During a press conference on Monday, the Ministry of Culture, Sports and Tourism announced it will pass legislation requiring standard form contracts between artists and art galleries, and make sure that [...]
SEOUL, April 2 (Korea Bizwire) – Deep fried squid has almost disappeared at street food vendors across South Korea, as prices of the beloved seafood continue to surge. Kim, who orders street food takeaway from time to time, was left shocked after learning that deep fried squid was taken off the menu at his favorite snack [...]
SEOUL, April 2 (Korea Bizwire) – Hotel Lotte Co., a hotel and duty-free operator of South Korean retail giant Lotte, said the operating profit of its duty-free unit nosedived to a record-low level in 2017 amid a diplomatic row between Seoul and Beijing over a U.S. missile defense system. Lotte Duty Free’s operating income came to 2.5 billion won [...]