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, [...]
SEOUL, Aug. 10 (Korea Bizwire) – Asiana Airlines Inc. said Thursday its losses widened in the second quarter from a year earlier due to foreign currency-related losses. Net loss reached 74.7 billion won (US$65.3 million) in the April-June period, compared to a loss of 26.7 billion won a year earlier, the company said in a [...]
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 [...]
SEOUL, Aug. 10 (Korea Bizwire) – Japanese Carmaker Honda is looking into possible corrosion issues facing the all-new CR-V released in the South Korean market after a string of online complaints by consumers were reported. The controversy surrounding the Honda CR-V, an SUV model released back in April, came after customers reported that corrosion had [...]
LOS ANGELES, Aug. 8 (Korea Bizwire) – “The Battleship Island,” a Korean film about the dark history of Japan’s Hashima Island off the coast of Nagasaki during World War II, has been showing promising box office results in the U.S., its distributor said Tuesday. According to the distributor CJ E&M, the film by director Ryoo Seung-wan [...]
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 [...]
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 [...]
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 [...]
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 [...]
SEOUL, Aug. 9 (Korea Bizwire) — The Ministry of Culture, Sports and Tourism is set to implement a new gaming law amendment which will scrap the limit on the height of barricades for virtual reality arcade machines and remove restrictions on internet gaming centers, widely known in Korea as PC bangs, that serve food. The [...]