SEOUL, March 20 (Korea Bizwire) – The French minister for government reform said Monday his nation will maintain its cooperative relationship with South Korea regardless of the result of the upcoming presidential election here. “France wants the best possible relationship with South Korea … the subjects for desired bilateral cooperation include every issue ranging from tourism, [...]
BEIJING, March 20 (Korea Bizwire) – South Korean embassy in Beijing has issued a safety warning to football fans planning to attend an upcoming World Cup qualifying match between the two countries, scheduled amid a wave of anti-Korean sentiment here over the deployment of a U.S. missile defense system. According to sources privy to the [...]
SEOUL, March 20 (Korea Bizwire) – The Seoul city government is finally installing an extra 260 public litter bins after years of complaints from residents that there was hardly anywhere to dispose of waste in public areas around the city. Seoul’s move to keep the streets clean is part of a recent initiative to increase [...]
SEOUL, March 20 (Korea Bizwire) – Marking its 17th anniversary last year, Starbucks Korea’s annual revenue exceeded 1 trillion won for the first time, and much attention is being paid to what is behind the international coffee giant’s long-lived success in the country. Of the 75 countries that Starbucks currently operates in, only in five [...]
SEOUL, March 20 (Korea Bizwire) – South Korea’s Defense Minister Han Min-koo stressed Monday there will be no “compromise or concession” on issues directly related to national security when inspecting the ongoing annual combined military training with the United States. In contemporary wars, he said, it’s important to secure the capability of sustaining fighting if necessary [...]
SEOUL, March 20 (Korea Bizwire) – The negative economic impact of fake news on the South Korean economy and society is costing the country an annual loss of a whopping 30 billion won, analysts from the Hyundai Research Institute (HRI) have found. A report on fake news and its economic damage from the HRI released yesterday [...]
SEOUL, March 20 (Korea Bizwire) – A public online auction system called “Onbid” is seeing a growing number of users, according to the organization behind the website, the Korea Asset Management Corporation (KAMCO). Onbid, an auction service which began in 2002, was introduced to make it easy for both buyers and sellers to bid and [...]
SEOUL, March 20 (Korea Bizwire) – SK Engineering & Construction (SK E&C) has teamed up with a Turkish firm for a multi-billion-dollar project to build and operate new power plants in Iraq, the South Korean firm said Saturday. Officials from the South Korean builder said the company has successfully purchased a 30 percent stake in UNIT International S.A., Turkey’s energy giant, one day after the two [...]
SEOUL, March 20 (Korea Bizwire) – Each and every one of 400 Bolt EV cars set to be delivered here next month was sold in just the first few hours of taking orders, GM Korea Co. said Saturday, reflecting an apparently high interest by local consumers in the new electric car. The company began taking preorders for the Chevrolet Bolt EV on Friday. “All 400 units in the first shipment were gone in just two hours,” said an official from the South Korean unit [...]
SEOUL, March 20 (Korea Bizwire) — South Korea’s smart health care industry that is viewed as a next growth engine for the country has been at a standstill for the past five years due to lack of policy coordination, a report by a local think tank said Sunday. According to the Korea Institute for Industrial Economics and Trade (KIET), the country’s health care-related businesses have been growing [...]