SEOUL, Aug. 8 (Korea Bizwire) — Over four in ten South Korean office workers quit their job within the first year, a new report has revealed. According to the report released on Sunday by the Korea Employment Information Service (KEIS) on the job stability of salaried workers, 42 percent of office workers in South Korea [...]
SEOUL, Aug. 8 (Korea Bizwire) – South Korea’s top auto parts maker Hyundai Mobis Co. said Tuesday it has built a plant capable of mass-producing parts for hydrogen fuel cell electric vehicles in a bid to preempt the global market. The company said the factory, located inside its existing eco-friendly vehicle parts complex in the [...]
SEOUL, Aug. 8 (Korea Bizwire) — Dokdo Museum is celebrating its 20th anniversary with special exhibitions that reflect both the past and the future of the island. From Tuesday, the museum dedicated to the politically-charged isolated island off the east coast of Korea will hold two special exhibitions, with one focusing on the history and [...]
KANGWON, Aug. 8 (Korea Bizwire) — A South Korean casino resort’s efforts to curb gambling addiction has proven popular, with its program for gambling addicts attracting hundreds of individuals in the five months since it was launched. According to the Kangwon Land Addiction Care Center (KLACC), an anti-gambling addiction initiative that is intended to curb [...]
SEOUL, Aug. 8 (Korea Bizwire) – Samsung Electronics Co. saw its presence in the Japanese smartphone market reach a four-year high in the second quarter, data showed Tuesday, helped by robust sales of the flagship Galaxy S8. According to the data compiled by industry tracker Strategy Analytics, Samsung Electronics sold 700,000 units of smartphones in [...]
SEOUL, Aug. 8 (Korea Bizwire) – Kumho Tire Co., South Korea’s second-biggest tiremaker by sales, said Tuesday that its second-quarter profit declined 26.4 percent from a year earlier on lower demand from major markets. Net profit reached 195 billion won (US$173 million) on a consolidated basis during the April-June period, compared with a profit of [...]
SEOUL, Aug. 3 (Korea Bizwire) – South Korea’s stricter lending rules will likely affect about 400,000 potential mortgage borrowers in “speculative districts” in Seoul and the administrative capital of Sejong in the second half of the year, officials said Thursday. In its latest bid to rein in the overheating housing market, the government Wednesday designated [...]
SEOUL, Aug. 3 (Korea Bizwire) – Kakao Bank, South Korea’s second Internet-only bank, said Thursday it has attracted over 1.5 million accounts during the first week of operation, far outpacing the growth of its competitor and traditional banks. Kakao Bank, led by Kakao Corp., operator of Korea’s dominant messaging app KakaoTalk, started operations on July [...]
SEOUL, Aug. 3 (Korea Bizwire) — South Korea’s imports of squid have soared in recent months in the wake of a drastic drop in catch of squid in South Korean waters. Data released by the Ministry of Oceans and Fisheries shows the quantity of squid imported during the first half of this year was estimated [...]
SEOUL, Aug. 3 (Korea Bizwire) — A major South Korean telecom provider’s pet-themed online commercial has gone viral, attracting over 10 million views on YouTube for its heart-touching and relatable storyline. Since its release last month, the video named ‘the secret of a lullaby’ that depicts a woman taking care of her aging companion animal [...]