SEOUL, April 11 (Korea Bizwire) – Seven major credit card companies are being accused of exploiting their customers after reports emerged showing they profited handsomely from high-interest loans despite prevailing low interest rates. Low interest rates in South Korea are seeing credit card companies enjoy some of the biggest profit spikes in recent years, with some [...]
SEOUL, April 11 (Korea Bizwire) – Samsung Electronics Co. said Tuesday that preorders for its new flagship smartphone, the Galaxy S8, has surpassed a whopping 600,000 units in just five days, heralding a big hit for the company. The Galaxy S8 smartphones feature high resolution displays that bend on both ends, and come with various [...]
SEOUL, April 11 (Korea Bizwire) – Organizers of the 2018 PyeongChang Winter Games have selected KEB Hana Bank as their main banking partner, a senior Olympic official said Tuesday. The official said the two sides have wrapped up their negotiations that began in February, and will announce their deal in a ceremony at KEB Hana [...]
SEOUL, Apr. 11 (Korea Bizwire) — Since last year’s fall of Hanjin, one of South Korea’s largest shipping companies, the New Port of Busan, which is mostly managed by foreign operators, has reported profit and revenue gains, according to recent business reports. An accounting report released yesterday by DP World revealed the Dubai-based port operating [...]
SEOUL, April 11 (Korea Bizwire) – The Korean National Police Agency (KNPA) announced yesterday it has teamed up with CU, the largest convenience-store chain in South Korea, to install a touchscreen emergency system in every store by the end of the year as part of efforts to ramp up security and prevent crime. The latest collective [...]
SEOUL, April 11 (Korea Bizwire) – The Seoul Metropolitan Government announced yesterday it has signed a business agreement with Atelier Non-Electric, which champions a life with little reliance on electricity and chemical substances, with plans to revamp the ‘non-electric’ café at Seoul Innovation Park. The business agreement was made public when mayor of Seoul Park [...]
INCHEON, April 11 (Korea Bizwire) – A South Korean doctor has received a jail term for committing professional negligence resulting in the death of a German woman’s baby during birth here about two and a half years ago, a local court said Tuesday. The Incheon District Court said a 42-year-old female obstetrician was sentenced to [...]
SEOUL, April 11 (Korea Bizwire) – A majority of South Korean manufacturing companies expect their business conditions to improve in the second quarter of the year amid signs of a recovery in exports, a poll showed Tuesday. According to the survey of 645 manufacturers conducted by the Korea Institute for Industrial Economics and Trade (KIET), [...]
SAO PAULO, April 10 (Korea Bizwire) – Brazil’s largest city Sao Paulo has designated August 15 as “Korean Culture Day,” raising the prospect of enhancing the Korean community’s image in the South American country and boosting the city government’s financial support for Korean culture-related events, South Korean officials said Monday. The designation of Korean Culture [...]
SEOUL, April 10 (Korea Bizwire) – The current strategy of South Korean baseball team KT Wiz’s manager to finish every game in under three hours seems to be bearing fruit, as the team has emerged as one of the strongest contenders in this year’s KBO League after a disappointing past couple of seasons. The Wiz’s recent [...]