SEOUL, Sept. 5 (Korea Bizwire) – Kakao Bank, South Korea’s second Internet-only bank, implemented a 500 billion won (US$441.9 million) capital increase on Tuesday as a part of a refinancing plan to bolster its lending business. Kakao Bank, launched in late July with paid-in capital of 300 billion won, has attracted about three million accounts [...]
SEOUL, Sept. 5 (Korea Bizwire) — Key news agencies from South Korea, China and Japan opened a joint photo exhibition on Tuesday at a history museum in Seoul to support the successful hosting of a series of global sports events in Northeast Asia. The joint exhibition at the National Museum of Korean Contemporary History has been [...]
SEOUL, Sept. 5 (Korea Bizwire) — A labor union representing part-time workers held a protest on Monday in central Seoul against the South Korean unit of McDonald’s, calling on the international fast food giant to take the forthcoming contract negotiations seriously. During a press conference in support for the global day of action for fast food [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korean box office hit ‘A Taxi Driver’ has been selected by the Korean Film Council as a Best Foreign-Language Film entry for the 90th Academy Awards, the film’s distributor ShowBox announced on Monday. Submissions to the Foreign Language Film Oscar are limited to one film per country, which means [...]
SEOUL, Sept. 4 (Korea Bizwire) – A new study has claimed housing prices in Seoul are more expensive than London and Los Angeles, considering the average household incomes in each city. The study released by the Bank of Korea on Sunday shows the average housing price is over 10 times higher than the disposable annual income [...]
SEOUL, Sept. 4 (Korea Bizwire) – A new survey has revealed that nearly nine in ten South Korean middle school and high school students have had their belongings confiscated at least once by school authorities, which a student rights group says is a clear violation of human rights. The shocking findings from a survey conducted by [...]
SEOUL, Sept. 4 (Korea Bizwire) – The South Korean government is revamping some of the landfill sites in Seoul and the surrounding area as renewable energy power plants. The Ministry of Environment and the Sudokwon Landfill Site Management Corporation (SLC) announced plans on Sunday to expand its renewable energy generation capacity in the capital and surrounding [...]
SEJONG, Sept. 4 (Korea Bizwire) – Purchases made through mobile devices in South Korea hit a fresh record high in July as smartphones are widening their presence in the world’s most wired country, government data showed Monday. Mobile transactions through smartphones and tablets reached a record 4.01 trillion won (US$3.6 billion) in July, up 35.1 [...]
SEOUL, Sept. 4 (Korea Bizwire) – South Korean builders’ business confidence touched a 19-month low in August due mainly to government measures to cool the housing market, a poll showed Monday. The construction business survey index (CBSI) stood at 74.2 last month, down 11.2 points from the previous month and at its lowest level since [...]
SEOUL, Sept. 4 (Korea Bizwire) – With a significant number of South Koreans feeling overwhelmed and stressed out by an overload of mobile messages and incessant social media notifications, temporarily shutting off from the social media world, also known as a ‘digital detox’, is becoming a popular coping mechanism. Data released on Monday by AI-based big [...]