SEOUL, July 19 (Korea Bizwire) – Police said Wednesday they began an investigation into a North Korean defector who now has returned home as she appeared in a Pyongyang-based propaganda piece lambasting the South. The Seoul Metropolitan Police Agency said they are trying to find out how the woman, alias Lim Ji-hyun in the South, [...]
SEOUL, Jul. 19 (Korea Bizwire) — With the annual number of moviegoers in South Korea peaking at around 200 million, and the multiplex industry stagnating, top movie theater chains are ramping up investment in infrastructure and making concerted efforts to branch out into international markets. Amid the rise of video streaming services and IPTV, and [...]
SEOUL, Jul. 19 (Korea Bizwire) — Collaboration between two quasi-government agencies is set to change the way drivers in South Korea are reminded to book an appointment for regular car maintenance. The Korea Transportation Safety Authority (TS) and the Korea Internet & Security Agency (KISA) signed a memorandum of understanding on Tuesday to use mobile messaging [...]
SEOUL, July 19 (Korea Bizwire) – South Korea aims to generate 20 percent of its electricity with clean, renewable energy by 2030, while reducing its reliance on fossil fuel and nuclear power plants, the new Moon Jae-in administration said Wednesday. In a policy report to President Moon Jae-in, who took office in May, the State [...]
SEOUL, July 19 (Korea Bizwire) – South Korea plans to establish a national memorial day to remember the country’s “comfort women,” victims of sex crimes committed by Japan during the second World War, according to a state policy blueprint announced Wednesday. The government said it has approved a plan by the State Affairs Planning Advisory [...]
SEOUL, July 18 (Korea Bizwire) – The head of retail giant Lotte Group said Tuesday the conglomerate needs to expand investment targeting its lucrative businesses to further expand presence in the market, as it is suffering from a series of troubles at home and abroad. During a meeting with the group’s senior executives, Lotte Group [...]
SEOUL, Jul. 18 (Korea Bizwire) — South Korea’s minimum wage for 2018 has risen to 7,530 won ($6.70), after a government council voted nine to six in favor of the labor side of the negotiation team, pushing the country’s minimum wage above the likes of Israel and Spain. Compared to this year’s 6,470 won, next [...]
SEOUL, July 18 (Korea Bizwire) – Hyundai Asan Corp. on Tuesday asked the government to give permission to visit North Korea next month to mark the anniversary of the death of its former chairman, the company said. The memorial service for Chung Mong-hun, who spearheaded the now-suspended inter-Korean tour program in the North, had been [...]
SEOUL, July 18 (Korea Bizwire) – The board of Kumho Industrial Co. on Tuesday offered to allow Qingdao Doublestar Co. the use of South Korea’s No. 2 tiremaker’s name for 12 and a half years as part of ongoing negotiations to finalize the sale of the company. Kumho Industrial holds the right to the brand [...]
SEOUL, Jul. 18 (Korea Bizwire) — Municipal authorities in Sokcho are facing a backlash from local residents and tourists over the ASTC Triathlon Asian Cup, with critics slamming the annual sporting event for the serious traffic congestion and limited access to facilities that it results in. Marking its 21st year, the two-day event was held [...]