SEOUL, July 3 (Korea Bizwire) – Eggs imported from Thailand arrived in South Korea on Monday, the agriculture ministry said, as the government seeks to contain rising prices amid the latest bird flu outbreak. According to the Ministry of Agriculture, Food and Rural Affairs, 650,000 eggs imported by a local company arrived in Incheon, west [...]
SEOUL, Jul. 3 (Korea Bizwire) — Amid growing preference for emerging markets among global investors, the sales of South Korean equity funds more than quadrupled during the first half of 2017, an industry report said. According to an industry report released on Monday by Mirae Asset Daewoo Securities and EPFR Global, the volume of South [...]
SEOUL, July 3 (Korea Bizwire) – The Financial Services Commission (FSC) is set to pass a reform bill which will require financial companies to record conversations with vulnerable elderly customers when selling derivative-linked securities, in a bid to address concerns over unscrupulous sales tactics. The FSC’s announcement about the new financial reforms came on Sunday amid [...]
SEOUL, July 3 (Korea Bizwire) – South Korea will not undergo a sharp drop in consumption despite the ever-rising household debt, a private think tank said Monday, citing growth in property and financial asset value. Households where the head of the family was over 55 have witnessed a 94.51 percent rise in income and 78.32 [...]
SEOUL, July 3 (Korea Bizwire) – Hanwha Galleria Timeworld Co., a local duty-free operator, said Monday the company will pull out of a local airport next month amid a sharp drop in the number of Chinese tourists. In a regulatory filing, the duty-free operator said its store at Jeju Airport will shut down Aug. 31, [...]
SEOUL, July. 2 (Korea Bizwire) — With over seven in 10 people using a smartphone, it’s not a rare sight in South Korea to see pedestrians walking down the street blissfully oblivious to their surroundings, or a subway train carriage packed with commuters completely immersed in what’s on their phone screen. Though it might seem [...]
SEOUL, July. 1 (Korea Bizwire) — Casino and resort operator Kangwon Land is set to go forward with a nursing home project after agreeing to join local efforts to transform abandoned mining areas into the country’s dementia research and care capital. Kangwon Land’s decision to build a new dementia care facility comes after a special [...]
SEOUL, July. 1 (Korea Bizwire) — Plans for Seoul’s largest underground construction project yet have been revealed, which will see the city inject 1.3 trillion won into building a massive ‘underground city’ 30 times bigger than Jamsil Baseball Stadium underneath the busy roads of Gangnam by 2023. According to the master plan for the Yeongdong-daero [...]
GEORGIA, AMERICA Jun. 30 (Korea Bizwire) — Despite strong Japanese opposition, with one senior Atlanta-based Japanese diplomat implying the victims of Japan’s wartime sex slavery were ‘paid prostitutes’, the latest statue in memory of the so-called comfort women is set to be unveiled Friday in the city of Brookhaven, Georgia. It’s the third statue to [...]
SEOUL, June 30 (Korea Bizwire) – A girl wakes up in the morning to realize her mother is nowhere to be seen. The kitchen is turned into a little valley with water overflowed from the sink. Anxious, she breaks her piggy bank and gets on a fishing boat, embarking on a little journey to look [...]