SEOUL, Apr. 27 (Korea Bizwire) — The Jogye Order of Korean Buddhism has announced plans to help gambling addicts through temple stays. According to the Cultural Corps of Korean Buddhism, a group under the Jogye Order, Heungguksa Temple signed a business agreement with the northern Gyeonggi branch of the Korea Center on Gambling Problems last Sunday. [...]
SEOUL, Apr. 27 (Korea Bizwire) — The publishing industry in South Korea grew in 2016 due to rising ebook sales, new data has revealed. According to data revealed by the Publication Industry Promotion Agency of Korea on Thursday, South Korea’s publishing industry reported revenue of around 7.8 trillion won last year, up 2 percent from the [...]
SEOUL, Apr. 27 (Korea Bizwire) — South Korean customs authorities have opened a KakaoTalk group chat room for investigators of the Hanjin Group’s tax evasion and smuggling scandal. According to sources close to the government, the Korea Customs Service launched an open group chat room on messaging app KakaoTalk on Tuesday with the title ‘We are looking [...]
SEOUL, Apr. 27 (Korea Bizwire) — In a rare move, North Korean leader Kim Jong-un has issued an apology for a traffic accident which resulted in the deaths of dozens of Chinese tourists. In a letter of condolence to Chinese President Xi Jinping, Kim said he was ‘sorry’ about the bus crash in his country that killed [...]
SEOUL, April 26 (Korea Bizwire) – Bob de Jong, former Dutch Olympic speed skating champion who coached South Korea to a record-setting performance at the PyeongChang Winter Olympics, will not return to the team, the national skating federation said Thursday. The Korea Skating Union (KSU) said de Jong, whose contract expired on Feb. 28, told the KSU via email that he’d [...]
JEONGSEON, South Korea, April 26 (Korea Bizwire) – Two people were killed and another went missing Thursday after an explosion at a mine in a northeastern county in Gangwon Province, authorities said. The accident happened at around 3:55 p.m. when blasting work was under way in an iron mine in Jeongseon, about 150 kilometers east of Seoul. Initial reports said 14 workers were buried under the [...]
SEOUL, April 26 (Korea Bizwire) – Doosan Heavy Industries Co., South Korea’s top power equipment maker, said Thursday its first-quarter profit fell 38 percent from a year earlier largely due to foreign exchange loss. Net profit reached 23.1 billion won (US$21.4 million) on a consolidated basis in the January-March period, compared with 37.4 billion won a year earlier, the company said in a regulatory filing. The company said foreign exchange loss and discontinued operation [...]
SEOUL, April 26 (Korea Bizwire) – Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday its first-quarter net profit plunged 48 percent on the strong won and weak sales in two major markets. Net profit for the three months ending March 31 fell to 731.6 billion won (US$678 million) from 1.406 trillion won a year earlier, the company said in a statement. “The net result was affected by the won’s strength against the [...]
SEOUL, April 26 (Korea Bizwire) – Hyundai Mobis Co., South Korea’s biggest auto parts maker by sales, on Thursday outlined its growth plans in line with its parent Hyundai Motor Group’s broad governance restructuring program. The move comes after Hyundai Motor Group announced last month that auto parts supplier Hyundai Mobis will spin off its [...]
SEOUL, Apr. 26 (Korea Bizwire) — A court has dismissed Dyson’s bid to stop LG from advertising a cordless vacuum, rejecting a claim of false advertising. According to sources close to the case, the Seoul Central District Court on Tuesday struck down the British home appliance maker’s claim that LG exaggerated the performance of its cordless vacuum [...]