SEOUL, Sept. 11 (Korea Bizwire) – Prosecutors said Monday they have launched a probe into allegations that South Korea’s ambassador to Ethiopia sexually harassed several embassy workers and volunteers. The Seoul Central District Prosecutors’ Office will review a complaint filed by the Ministry of Foreign Affairs against Ambassador Kim Moon-hwan and determine whether to summon [...]
SEOUL, Sept. 11 (Korea Bizwire) – The founding family of South Korea’s major broadcaster SBS offered to resign from top management posts Monday amid controversy about their alleged interference in news reports. Yoon Se-young, who founded the network in 1990, said Monday he will quit as chairman of both SBS Media Group and SBS Media [...]
SEOUL, Sept. 11 (Korea Bizwire) – Only three South Korean companies are listed on the Hong Kong stock market, arguably the world’s biggest market for initial public offerings, sending worrying signals to South Korean economists. According to sources provided by HKEX and KOTRA, over 339 and 252 billion dollars were exchanged in 2015 and 2016 at [...]
SEOUL, Sept. 11 (Korea Bizwire) – A guidebook outlining ten major points to counter gentrification has been released by a group of young South Koreans in an effort to help small business owners. Going into detail, the book lists a number of the most prevalent behavior patterns of landlords before independent business owners fall victim to [...]
SEOUL, Sept. 11 (Korea Bizwire) – South Korean retail businesses are on a collision course with the government following a series of regulations recently imposed on an already struggling industry amid a long-term national economic slump. Hit by a lack of consumer confidence and sluggish economic growth, the retail industry is decrying new regulations put in [...]
SEOUL, Sept. 11 (Korea Bizwire) – Amid a growing number of juvenile crimes in the country, a new poll has revealed that 9 in 10 South Koreans back legal reforms to introduce stricter punishment for teenage criminals. According to a poll conducted by Realmeter with a sample of 514 adults released on Friday, nearly 65 percent [...]
SEOUL, Sept. 11 (Korea Bizwire) – With the number of female tourists visiting South Korea surpassing that of men, tourism authorities are ramping up their efforts to attract women through tour packages and other marketing strategies that are geared towards women. According to a report on immigration statistics released by the Korea Culture & Tourism Institute [...]
SEOUL, Sept. 11 (Korea Bizwire) – Renault Samsung Motors Corp. has launched an upgraded SM5 sedan but didn’t raise the price in order to boost sales, the company said Monday. The SM5 midsize sedan powered by a 2.0-liter gasoline engine has been a long-running best seller for the South Korean unit of French carmaker Renault [...]
JEJU, Sept. 11 (Korea Bizwire) – Jeju Shinhwa World, a resort complex under development on the resort island of Jeju, is gearing up to open a theme park and a K-pop entertainment center, a provincial investment promotion center said Monday. The resort project developed by Landing Jeju Development has opened in stages from earlier this [...]
BANGKOK, Sept. 11 (Korea Bizwire) — The Korea Tourism Organization held 2017 Love Korea Weekend over the weekend in Bangkok, known as the capital of the Korean pop culture fan base in Southeast Asia. The event, which was devised to promote tourism in South Korea, saw over 150 local female Korean culture enthusiasts perform a flash [...]