SEOUL, March 14 (Korea Bizwire) – The South Korean government is increasing the budget for its newly revamped Internet addiction prevention initiative by 55 percent this year, with expenditures expected to reach a total of 147 billion won ($12.8 million). With a budget of 147 billion won dedicated to tackling problematic Internet use on both mobile [...]
SEOUL, March 14 (Korea Bizwire) – LG Electronics has set a new Guinness World Record for the longest line of sticky notes, showing its support for India’s armed forces. An astounding 114,741 handwritten messages from customers in support of Indian Armed Forces snaked across the floor of a gymnasium located in Greater Noida, just outside New [...]
SEOUL, March 13 (Korea Bizwire) – Carbon emissions trading is growing in South Korea as more companies are compelled to abide by the government’s scheme to reduce carbon-dioxide emissions, but many businesses fear they won’t meet emissions targets this year. Companies are required to have any emissions excess deducted from their permitted amount for the [...]
BEIJING, March 13 (Korea Bizwire) – China’s economic retaliation against South Korea over the deployment of a THAAD missile defense system continues to grow with no sign of abatement, as reports emerge of the Chinese government targeting more South Korean enterprises including private business establishments. As the deployment of the THAAD battery is reportedly being accelerated, [...]
SEOUL, March 13 (Korea Bizwire) – A new helpline (1345) offering free legal advice and counseling is now available for any foreign resident of South Korea, regardless of their visa type, starting today, the Ministry of Justice (MOJ) said yesterday. The MOJ teamed up with the Korean Bar Association and the Ministry of the Interior [...]
SEOUL, March 13 (Korea Bizwire) – South Korea’s largest financial institution, Shinhan Bank, is scrapping paper forms, and instead, going digital in an all-out effort to raise productivity. From today, all Shinhan branches will provide most banking services digitally, including applications for accounts and credit cards. Shinhan’s bold move to replace paper with digital counterparts [...]
SEOUL, March 13 (Korea Bizwire) – You can now enjoy breathtaking scenery from national parks in South Korea, such as Cheonwangbong Peak in Jirisan National Park, from home without the hassle of hours of travelling and hiking, thanks to a new virtual reality (VR) service. The Korea National Park Service (KNPS) has recently added 16 [...]
North Chungcheong, SOUTH KOREA, March 13 (Korea Bizwire) — South Korean grape farms are going out of business as they are having difficulty competing with American and Chilean grape exporters following FTA agreements with both countries. In Yeongdong and Okcheon County in North Chungcheong Province, well-known grape-producing districts, nearly a third of the grape farms [...]
Seoul, March 10 (Korea Bizwire) — With the impeachment of President Park out of the way once and for all and a new presidential election less than two months away, the political discourse in South Korea is now focused on Beijing’s next move. A number of momentous decisions were made over the past few days: [...]
GUMI, SOUTH KOREA, March 9 (Korea Bizwire) — The Gumi City government saw more than two hundred people apply for a number of public area cleaning job openings after it began taking applicants. Of the 239 candidates, nearly one hundred had a university degree or more while 131 were high school graduates. A mere 14 people [...]