SEOUL, May 15 (Korea Bizwire) – South Korea’s trade association said Monday it plans to dispatch a group of delegates to the United States early next month, to expand economic exchange on the private level. The delegation will be the first of its kind dispatched by the Korea International Trade Association (KITA) after the start [...]
SEOUL, May 15 (Korea Bizwire) – Kia Motors Corp., South Korea’s second largest carmaker by sales, on Monday launched the country’s first plug-in hybrid sport utility vehicle model. The Niro plug-in hybrid can travel up to 840 kilometers — 40 kilometers on a single charge and 800 km on a combined gasoline-battery drive. The 1.6-liter [...]
CHUNGPYEONG, May 15 (Korea Bizwire) – Chungpyeong Middle School in Gyeonggi Province is drawing attention over an after-school club called ‘Serotonin Drum Club’ consisting of 25 students where members expend energy and release stress by playing drums. The club was formed in 2011 by head teacher Go Sun-hwa, who was in charge of after-school programs [...]
SEOUL, May 15 (Korea Bizwire) – As more and more abandoned dogs are being found in abandoned neighborhoods awaiting redevelopment, with some even forming packs, the Seoul Metropolitan Government is taking matters into their own hands by pumping 500 million won into building a ‘neuter center’ in Yongsan District, officials revealed last Saturday. The newly proposed [...]
SEOUL, May 15 (Korea Bizwire) – South Korea’s household loans extended by banks rose 9.8 percent in April from a year earlier due to increased mortgages, central bank data showed Monday. Outstanding household loans from lenders came to 718.6 trillion won (US$637 billion) as of end-April, compared with 654.3 trillion won from a year earlier, according [...]
SEOUL, May 15 (Korea Bizwire) – After being the focus of media attention last week, newly elected South Korean president Moon Jae-in’s cat Jjingjjingi has officially become the very first First Cat in South Korea after entering the Blue House yesterday. In a tweet yesterday, Moon expressed concerns over the protection of flycatchers that live near the [...]
SEOUL, May 15 (Korea Bizwire) – Trademark infringement of South Korean cosmetics makers in China has been on the rise with Amorepacific taking to court a Chinese website that sells rip-off products of its brand Laneige. The South Korean cosmetics giant brought a trademark infringement case against an online shopping mall called ‘laneigeonline.com’ at a local [...]
SEOUL, May 14 (Korea Bizwire) – The latest steps by U.S. President Donald Trump to renegotiate the North American Free Trade Agreement (NAFTA) could undercut the price competitiveness of South Korean exports to America that are shipped through Mexico, according to experts Saturday. The concern came as the Trump administration is anticipated to kick off official steps to renegotiate [...]
SEOUL, May 14 (Korea Bizwire) – Around a third of workers at South Korea’s public organizations are irregular employees, data showed Sunday, with President Moon Jae-in vowing to turn them into full-time positions within his five-year term. According to the government’s All Public Information in One (ALIO) information portal, irregular employees numbered 144,205, 33.6 percent of the 429,402 workers at 335 public organizations under the government as of end-March. In 89 organizations, irregulars took up more than 50 percent of the [...]
SEOUL, May 11 (Korea Bizwire) – In the absence of local over-the-top content service providers in South Korea, global OTT giants including Netflix and YouTube are accelerating their efforts to invest in original South Korean entertainment content to crack open a market that has experienced rapid growth in recent years. Despite the majority of the [...]