SEOUL, Aug. 31 (Korea Bizwire) – Yum! Brands Inc., the U.S.-based fast food chain operator, has sold its Korean unit of Pizza Hut to a local investment company, Pizza Hut Korea said Thursday. Yum! Brands signed a deal with Orchard One Inc. on Wednesday to sell its 100-percent stake in Pizza Hut Korea. The two [...]
DAEJEON, Aug. 31 (Korea Bizwire) — Korail is introducing a new car sharing service catering to those traveling on the company’s high-speed KTX trains, beginning Friday at 15 stations including Seoul Station. Dubbed ‘KTX-Deal Car’, the collaboration between Korail and Hyundai Capital allows Korail passengers to rent a car from the nearest pick-up point, primarily parking [...]
JUNGSUN, Aug. 31 (Korea Bizwire) – Casino resort Kangwon Land has announced plans to establish a new foundation dedicated to tackling addiction to smartphones, internet, video games and shopping. Having held a conference on addiction treatment to assess the current situation and discuss policy last November, Kangwon Land held a seminar earlier this week at its [...]
SEOUL, Aug. 30 (Korea Bizwire) – Criticism is growing against Seoul Metro’s controversial sale of subway station names, which began as an additional source of revenue to cover its deficits, with passengers slamming the policy that has now resulted in over 30 stations having two different names with little to no relevance to the location, [...]
SEOUL, Aug. 30 (Korea Bizwire) – The operator of a new resort complex under development on the country’s southern resort island of Jeju said Wednesday its theme park will open to the public next month, as it aims to become a world-leading tourist destination. The Shinhwa World resort complex will encompass high-end facilities along with [...]
JEOLLA, Aug. 30 (Korea Bizwire) – North Jeolla Province’s annual science festival is back this year for the 12th time and will kick off on Friday, helping to teach children the fundamentals of science and raising public overall interest in the discipline. The 12th Jeollabukdo Science Festival is scheduled to be held for four days [...]
SEJONG, Aug. 30 (Korea Bizwire) – A testing site named ‘K-City’, a virtual city where autonomous cars will be tested in real road settings in preparation for transportation of the future is set to be built in the city of Hwaseong in Gyeonggi Province next year. According to the Ministry of Land, Infrastructure and Transport [...]
SEOUL, Sep. 28 (Korea Bizwire) – Despite earlier reports, SK Hynix officials have denied speculation that the South Korean memory chip maker is considering taking legal action against Toshiba as the Japanese conglomerate moves toward a deal with Western Digital, the South Korea media reported. Contrary to a number of reports in the South Korean [...]
SEOUL, Aug. 30 (Korea Bizwire) – The widespread depiction of suicide in TV series and online cartoons is numbing the minds South Korean adolescents, as a recent report has claimed too much exposure could have a negative impact, including copycat suicides in the worst-case scenario. According to findings from a joint study conducted by the [...]
SEJONG, Aug. 30 (Korea Bizwire) – South Korea will expand free range livestock husbandry in raising chickens as a way to improve food safety following the recent pesticide egg scandal that rocked the nation, the agriculture ministry said Wednesday. At the policy briefing held before President Moon Jae-in in Sejong, the Ministry of Agriculture, Food [...]