POHANG, South Korea, July 11 (Korea Bizwire) – A ceremony to break ground on a U.N. global education center, initiated by former U.N. Secretary General Ban Ki-moon, was held at Handong Global University in the country’s southeastern port city of Pohang on Tuesday, with Ban attending. UNAI Korea is building the Ban Ki-moon Global Education [...]
SEOUL, July 11 (Korea Bizwire) – South Korea’s top 15 conglomerates said Tuesday they will voluntarily overhaul unfair practices without any intervention from the government, a local business lobby said. In a meeting with Lee Dong-geun, vice chairman of the Korea Chamber of Commerce and Industry (KCCI), 15 business leaders agreed with general calls that [...]
SEOUL, July 11 (Korea Bizwire) – The number of visitors at the country’s tallest skyscraper built by retail giant Lotte Group has recently topped the 10 million mark, its operator said Tuesday, marking the 100th day of the building’s opening. The 123-story Lotte World Tower, which opened in early April, had a daily average 120,000 visitors, [...]
SEOUL, July 11 (Korea Bizwire) – Daewoo Shipbuilding & Marine Engineering Co., a troubled shipbuilder in South Korea, said Tuesday that it has delivered a drill ship, the third of five offshore facilities scheduled for this year. Daewoo Shipbuilding won a 620 billion-won (US$539 million) deal to build the drill ship for Transocean of the United [...]
SEOUL, Jul. 11 (Korea Bizwire) — A government-backed research institute in South Korea is trialing an IoT-based sinkhole prevention technology at one of the busiest subway stations in Seoul. The UnderGround Safety (UGS) Convergence Research Department at the Electronics and Telecommunications Research Institute (ETRI) announced on Monday plans to install a sinkhole risk monitoring system [...]
SEOUL, Jul. 11 (Korea Bizwire) — Shinsegae Department Store is tackling July head on in a bid to boost revenue in what is typically the worst sales month of the year, by launching a series of mobile events and services. The South Korean department store chain announced on Sunday plans to send shopping information to clients [...]
SEOUL, July 10 (Korea Bizwire) – In the run-up to Chobok, a day some South Koreans celebrate by eating dog meat, animal rights activists took to the streets of Seoul over the weekend to protest against the consumption of dog soup during supposedly one of the hottest days of the year in the country, while [...]
SEOUL, July 10 (Korea Bizwire) – Newly promoted club Gangwon FC showed a solid first half performance in South Korea’s top-tier football league as the 2017 season reached its halfway mark. Ten of the 12 clubs in the K League Classic have played 19 matches so far, with only Jeju United and Gwangju FC completing [...]
SEOUL, July 10 (Korea Bizwire) – The head of South Korean retail giant Lotte vowed on Monday to boost the group’s transparent management as it attempts to tide over a string of troubles through a governance shakeup. During an IR session held in Tokyo, Lotte Group chairman Shin Dong-bin said his group will be able [...]
SEOUL, July 10 (Korea Bizwire) – Over six in ten startups in South Korea that initiated crowdfunding this year successfully managed to fund their business ideas, with around 15 projects getting help every month. According to a statement from the Financial Services Commission (FSC) on Sunday, since a crowdfunding platform was introduced last year, 197 [...]