SEOUL, March 21 (Korea Bizwire) – South Korean textile company Samil Spinning has acquired the American company Buhler Quality Yarns through a stock purchase agreement amid fears of trade protectionism in America, according to the Korea Trade-Investment Promotion Agency (KOTRA). Samil’s cunning move to take over all shares of Buhler Quality Yarns will see the [...]
SEOUL, March 22 (Korea Bizwire) – SK-affiliated ventures are dominating the loyalty mobile application market in South Korea, according to a recent survey released yesterday. Among Android smartphone users – who account for 80 percent of all smartphone owners in the country – SK Planet’s Syrup Wallet proved most popular with nearly 4.5 million monthly [...]
SEOUL, March 22 (Korea Bizwire) – Brazilian chicken has been taken off the shelves of three major supermarket chains in South Korea after controversy broke out surrounding rotten chicken meat imported from Brazil’s BRF, the world’s largest poultry exporter. Brazilian chicken accounts for 83 per cent of all imported poultry products in South Korea, with [...]
SEOUL, March 22 (Korea Bizwire) – Bloomberg’s latest Healthiest Country Index revealed that Italians, famous for their love of fresh vegetables, seafood and quality olive oil, are the healthiest people in the world. Of the 164 countries in the index from Bloomberg, Italians topped the list with the highest score of 93.11 out of 100. [...]
SEOUL, March 22 (Korea Bizwire) – Prosecutors said Wednesday they are considering whether to seek an arrest for former President Park Geun-hye after a marathon session of questioning over a string of corruption allegations that led to her removal from office. Park returned home early in the morning after a 21-hour interrogation at the Seoul Central [...]
SEOUL, March 22 (Korea Bizwire) – South Korea’s terms of trade deteriorated slightly in February from a year earlier as a rise in export prices was offset by a hike in import prices, central bank data showed Wednesday. The terms of trade index for products came to 100.48 last month, down 2.9 percent from a [...]
SEOUL, March 22 (Korea Bizwire) – South Korea’s top power utility firm Korea Electric Power Corp. (KEPCO) is interested in participating in a British nuclear plant project, its chief said Wednesday. KEPCO is rumored to have been in talks with Japan’s Toshiba and French utility company Engie on buying a stake in their multi-billion dollar [...]
SEOUL, March 21 (Korea Bizwire) – South Korean boy band BTS, also known as Bangtan Boys, has wrapped up the South American leg of its world tour with success, selling more than 40,000 tickets in the region, according to its agency Tuesday. According to Big Hit Entertainment, which represents BTS, the team performed in front [...]
SEOUL, March 21 (Korea Bizwire) – The South Korean government scraped a plan to put an ancient wall built in 1396 on the list of the UNESCO World Heritage Site, the Cultural Heritage Foundation (CHA) said Tuesday. The decision came after the International Council on Monuments and Sites (ICOMOS), an advisory group to UNESCO, ruled [...]
SEOUL, March 21 (Korea Bizwire) – American Secretary of State Rex Tillerson returned to the U.S. yesterday after visiting Japan, South Korea and China. It was a much anticipated timely visit during a politically tumultuous period in East Asia: Growing concerns over North Korea’s ballistic missiles, China’s retaliation against South Korea over the deployment of a [...]