SEOUL, Aug. 30 (Korea Bizwire) – A new international cruise terminal will be completed at the eastern port of Sokcho this week to accommodate a growing number of travelers coming to Korea through the coastal city, the oceans ministry said Wednesday. The port will be fully completed on Thursday with the commemorative ceremony scheduled for [...]
SEOUL, Aug. 30 (Korea Bizwire) – Hyundai Heavy Industries Co., a major shipyard in South Korea, has clinched a deal to build an offshore facility for an Indian firm, industry sources said Wednesday. According to the sources, Hyundai Heavy won the deal from Triumph Offshore Private, a unit of India’s Swan Energy, to build the [...]
SEJONG, Aug. 30 (Korea Bizwire) -- South Korea’s fertility rate fell to a seven-year low in 2016 despite all efforts to tackle fewer babies being born in the country and the rapid population aging, government data showed Wednesday. The total fertility rate, or the average number of babies that a woman is projected to have [...]
SEOUL, Aug. 29 (Korea Bizwire) – LG Chem Ltd., South Korea’s top chemical firm, said Tuesday that it has decided to invest 436 billion won (US$387 million) in its Polish affiliate in a bid to expand its electricity vehicle battery business. In a regulatory filing, LG Chem said it would invest in LG Chem Wroclaw [...]
SEOUL, Aug. 29 (Korea Bizwire) – HyunA, former member of the now-defunct girl group 4minute, on Tuesday released her sixth solo EP album “Following,” attempting to make a splash in the late-summer music chart battle. “This album is filled with my hope that fans and followers maintain their interest in me,” HyunA told reporters at [...]
SEOUL, Aug. 29 (Korea Bizwire) – Hyundai Motor Co.’s union said Tuesday its new leadership will resume wage talks with the company in November, as no headway has been made after 28 rounds of “fruitless” negotiations. “We have decided to suspend wage talks with the company as its revised offerings were not satisfactory at all. [...]
SEOUL, Aug. 29 (Korea Bizwire) – South Korean military officials have released video footage of ballistic missile flight tests including those with a range of 500 and 800 kilometers as a show of force amid growing threats from North Korea, signaling a shift in president Moon Jae-in’s North Korea policy towards a more tit-for-tat approach. The [...]
SEOUL, Aug. 29 (Korea Bizwire) – The South Korean box-office hit Midnight Runners starring actors Park Seo-joon and Kang Ha-neul, which has attracted over 5 million moviegoers, is receiving backlash from Korean Chinese activist groups over the depiction of the ethnic minority group, which the activists claim perpetuates negative racial stereotypes. A group of Korean Chinese [...]
SEOUL, Aug. 29 (Korea Bizwire) – From one-to-one counseling and job fairs to showcases of the latest 3D design technology that allows people to make their own clothes within an hour, international textile exhibition Preview in SEOUL is back again this year at Coex Mall, calling everyone with interest in the fields of textile, fashion and [...]
SEOUL, Aug. 29 (Korea Bizwire) – With the South Korean government likely to raise taxes on heat-not-burn (HNB) tobacco products, an increasing number of vapers are stocking up on HNB type e-cigarettes. According to sources from the convenience store industry on Tuesday, sales of the famous HNB e-cigarette IQOS have drastically increased since reports emerged earlier [...]