SEOUL, July 6 (Korea Bizwire) – The founder of a major South Korean pizza franchise was arrested on Thursday over suspicions that he ripped off contractors and embezzled company funds. The Seoul Central District Court issued an arrest warrant for Chung Woo-hyun, 69, former head of MP Group, whose reported mistreatment has aroused public uproar [...]
SEOUL, July 6 (Korea Bizwire) – A government-backed South Korean research institute that owns a high-speed norovirus diagnosis solution has landed a deal with American medical firm GermainLab that will see the copyright for the technology exchanged between the two parties in return for royalties. The norovirus diagnosis technology was developed by a research team [...]
SEOUL, July 6 (Korea Bizwire) – The South Korean government is set to give drone enthusiasts the green light to fly unmanned aerial vehicles after sundown, after lawmakers passed a bill to lift the ban on drone flights during the night. The aviation safety and security reform bill proposed by lawmaker Kim Sung-tae, a member [...]
JINCHEON, South Korea, July 6 (Korea Bizwire) – South Korea’s Olympic body chief said Thursday it is too early to talk about a unified team or joint march between the two Koreas at the 2018 Winter Games because North Korea has yet to confirm its participation. Lee Kee-heung, president of the Korean Sport & Olympic Committee [...]
SEOUL, July 6 (Korea Bizwire) – As public interest in eyewear continues to grow, the number of patent applications is increasing for functional sunglasses, which cater to unique needs ranging from protection from fine dust particles to detachable sunglasses. According to figures released by the Korea Intellectual Property Office (KIPO) on Wednesday, the number of [...]
SEOUL, July 6 (Korea Bizwire) – Drug smuggling is increasing in South Korea, with the latest figures showing over 41 billion won in illegal drugs were confiscated by South Korean customs authorities in the first half of 2017, with both the quantity of drugs and number of seizures up compared to last year. According to the [...]
SEOUL, July 6 (Korea Bizwire) – Ulsan’s shipbuilding career support center recently marked its successful first year, having helped tens of thousands of jobseekers find employment in the field, center officials said on Wednesday. According to the career center, as of last month, employment benefits and job seeking support had been provided more than 71,000 times [...]
SEJONG, July 6 (Korea Bizwire) – The number of South Korean overseas travelers and foreign visitors reached record highs last year thanks to a rise in more people entering the country, a government report showed Thursday. The number of international migrants, referring to those who stay in and out of South Korea for 90 days [...]
SEOUL, July 6 (Korea Bizwire) – Unionized workers at GM Korea Co., the South Korean unit of General Motors Co., said they will vote on whether to go on strike to press contract demands, corporate sources said Thursday as the company struggles with three straight years of losses. The carmaker’s 15,000-strong union arranged a walkout [...]
SEOUL, Jul. 5 (Korea Bizwire) — Industry experts are warning the South Korean arms industry to ramp up security in preparation for growing cyberattacks in the coming years, while a number of industry sources say some of the previous attacks could have been state-sponsored. Similarities found between previous cyberattacks against the South Korean arms industry over [...]