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BAT to Launch Heat-Not-Burn Tobacco in South Korea Next Week

BAT to Launch Heat-Not-Burn Tobacco in South Korea Next Week

SEOUL, Aug. 10 (Korea Bizwire) – British American Tobacco (BAT) will begin sales of its new tobacco heating device in South Korea next week, its local unit said Thursday, joining the race to better grab the expanding market. The new gadget glo is shaped like any other battery-powered cigarette devices, except tobacco sticks called Neostiks, [...]

Ministry of National Defense ‘Regretful’ Over Absence of Local Residents at THAAD Safety Test

Ministry of National Defense ‘Regretful’ Over Absence of Local Residents at THAAD Safety Test

SEOUL, Aug. 10 (Korea Bizwire) – The Ministry of National Defense has said it is ‘regretful’ that the environmental safety and noise test of the THAAD anti-missile system in Seongju in North Gyeongsang Province took place without the participation of local residents. “The Ministry of National Defense asked local residents to participate in the safety [...]

Lotte Founder Loses Last Remaining Board Seat from Affiliate

Lotte Founder Loses Last Remaining Board Seat from Affiliate

SEOUL, Aug. 9 (Korea Bizwire) – The founder of South Korean retail giant Lotte lost his last remaining board member seat at the affiliate of the conglomerate, effectively leaving the management scene, the business group said Wednesday. The board of directors of Lotte Aluminum Co., a packaging material firm, decided not to extend the term [...]

Concerns Grow Over Naver’s Expansion

Concerns Grow Over Naver’s Expansion

SEOUL, Aug. 9 (Korea Bizwire) — Naver is continuing its efforts to venture out into other fields, with the latest goal being a mobile property service after being accused of trying to dominate the desktop online property industry. Despite the South Korean online search giant’s official stance that it will remain as an open platform for [...]

Number of Convenience Stores in Korea Reaches 34,000, Despite Stiff Competition

Number of Convenience Stores in Korea Reaches 34,000, Despite Stiff Competition

SEOUL, Aug. 9 (Korea Bizwire) — Despite stiff competition and declining profits, more and more convenience stores in South Korea are opening, with the number of convenience stores per head surpassing that of Japan, a country thought to be the Asian capital of the industry. According to industry sources on Tuesday, there were an estimated 34,376 [...]

Government Revises Hiring Regulations to Promote Merit-Based ‘Blind’

Government Revises Hiring Regulations to Promote Merit-Based ‘Blind’

SEOUL, Aug. 9 (Korea Bizwire) – The government will not demand photo or other personal information unrelated to work from applicants when hiring experienced employees starting late this month, as part of efforts to promote merit-based “blind” hiring, the Ministry of Personnel Management said Wednesday. The ministry said it has revised regulations to introduce a [...]