SEOUL, April 24 (Korea Bizwire) – Cash payments fell to less than half of all payments at a major convenience store chain in 2016 as a growing number of people used credit, debit and other cards, the chain said Sunday. It is the first time that card payments have exceeded 50 percent of the total at any convenience store chain, CU said. Card payments at CU outlets rose to [...]
SEOUL, Apr. 22 (Korea Bizwire) — Growing evidence of an alleged investigation into homosexual acts in the South Korean army including images of conversations on gay dating app Jack’d between service members and secret service agents is causing an uproar, with some human rights groups calling for the army general accused of giving the order to track [...]
BUSAN, April 21 (Korea Bizwire) – Global shipping companies have reduced their calls at South Korean ports despite adding more worldwide services, partly a result of Hanjin Shipping going bankrupt, a research organization said Friday. Four different shipping alliances have been realigned into three major players — 2M, The Alliance and Ocean Alliance — in [...]
SEOUL, April 21 (Korea Bizwire) – South Korean historians and activists rallied in downtown Seoul Friday angered by a report that U.S. President Donald Trump quoted Chinese leader Xi Jinping as saying the two Koreas “used to be a part of China.” The members of the Institute of Korean Cultural Studies and other history institutions [...]
CHINA, Apr. 21 (Korea Bizwire) — U.S. President Donald Trump’s remarks in an interview with the Wall Street Journal after a recent meeting with Chinese president Xi Jinping that “Korea actually used to be a part of China” have come under fire. Questions mounted over Xi’s comments during a briefing held by the Chinese Foreign Ministry. [...]
SEOUL, Apr. 21 (Korea Bizwire) — The South Korean government is poised to bring the number of smart factories in the country up to 30,000 by 2015, with plans to train 40,000 skilled workers in preparation for the ever-expanding fourth industrial revolution. Speaking to small and medium size business owners during a meeting at the [...]
SEOUL, April 21 (Korea Bizwire) – Samsung Electronics Co. is estimated to make less than 100,000 won (US$88.20) for each Galaxy S8 smartphones sold, industry watchers said Friday, hovering far below the market price of 935,000 won. The calculation is based on the fact that Samsung’s mobile business saw its operating margin reach 10.8 percent [...]
SEOUL, April 21 (Korea Bizwire) – More South Koreans plan to keep working in early May when there is a string of holidays, but many expect to spend more money than last year, a survey said Friday. Job information portals JobKorea and Albamon asked 1,387 salaried employees and 699 job seekers about their plans for [...]
From left are chefs Kang Min-goo, Lim Ki-hak, Kwon Hyung-jun, Yim Jung-sik and Lee Chung-hoo. (Image: Yonhap) SEOUL, April 21 (Korea Bizwire) – Samsung Electronics Co. said Friday a renowned South Korean baker has joined the list of chefs providing one of the world’s leading consumer electronics manufacturer with insight and expertise for the development [...]
BUSAN, Apr. 21 (Korea Bizwire) — A startup business run by Tongmyong University students is paving the path for a new way to help prevent children in developing countries from contracting elephantiasis, by sending them shoes made from old street banners. The startup company, named “GGOOMer (Dreamer)”, made 350 pairs of shoes with the help [...]