SEOUL, Aug. 1 (Korea Bizwire) — With European authorities set to look into allegations of collusion involving a number of German carmakers, one South Korean lawyer has urged the government to follow suit to protect South Korean consumers. Ha Jong-sun, from the firm Barun Law, told the press on Monday that he had submitted a [...]
SEOUL, Aug. 1 (Korea Bizwire) – Retired rhythmic gymnast Sohn Yeon-jae and Choi Jong-hoon, the leader of the K-pop band F.T. Island, have broken up after five months in a relationship, the latter’s talent agency said Tuesday. “It’s been two weeks since they broke up,” FNC Entertainment, which manages the five-member boy band, said in [...]
SEOUL, Aug. 1 (Korea Bizwire) — With the likes of Kakao Bank and K-Bank stirring up a storm in the South Korean banking industry, traditional banks are flocking to recruit IT professionals to jump on the online bandwagon. Following the success of online-only banks in recent months that seems to be reshaping the landscape of [...]
SEOUL, Aug. 1 (Korea Bizwire) — Scores of so-called ‘mosquito guards’ will be deployed in Seoul’s Seocho District as part of the district office’s pest control program. According to the Seocho District Office, the new mosquito guard initiative kicked off on Thursday, with teams of five to ten pest control officers dedicated to each neighborhood [...]
SEOUL, Aug. 1 (Korea Bizwire) — A new report has revealed that American and British investors are the biggest traders of South Korean stocks, accounting for over 50 percent of all foreign stock buyers. Data released by the Financial Supervisory Service (FSS) on Tuesday showed stocks traded in the South Korean market by foreign investors [...]
SEOUL, Aug. 1 (Korea Bizwire) — More than half of South Koreans oppose a controversial nudist villa in a small village near the city of Jecheon, a new survey has found, following media attention that has divided the nation. According to findings from the survey conducted by pollster Realmeter last Friday, nearly 52 percent of [...]
SEOUL, Aug. 1 (Korea Bizwire) – Hyundai Motor Co. said Tuesday its sales fell 1.8 percent last month from a year earlier, hit by weakening overseas demand, particularly in the Chinese market. The country’s biggest carmaker by sales sold a total of 333,180 vehicles in July, down from 339,417 units a year earlier, the company [...]
SEOUL, Aug. 1 (Korea Bizwire) – Lotte Hotel & Resorts, the hotel arm of South Korean retail giant Lotte Group, said Tuesday it will open its eighth foreign hotel chain in Myanmar next month, as it attempts to tap deeper into overseas market. Lotte Hotel & Resorts said the new hotel in Yangon, the former [...]
SEOUL, Aug. 1 (Korea Bizwire) – Netmarble Games, South Korea’s top mobile game developer, said the number of pre-registrations for its mega-hit title, “Lineage 2: Revolution,” in Japan surpassed the 1 million mark Tuesday. Netmarble started accepting the preorders for the mobile role-playing game from the official website for Japanese players on April 28 before [...]
SEOUL, Aug. 1 (Korea Bizwire) – Business sentiment for South Korea’s construction industry fell in July from the previous month due mainly to a decrease in new orders, a poll showed Tuesday. The construction business survey index (CBSI) came to 85.4 last month, down five points from a month earlier and snapping a three-month gaining [...]