SEOUL, March 8 (Korea Bizwire) — Reports of an arrest of a South Korean researcher who leaked confidential technology for a washing machine motor have been met with fierce criticism online, with many accusing the leaker of treason. The South Korean researcher, whose name is being withheld, was arrested for leaking a design blueprint and confidential [...]
SEOUL, March 8 (Korea Bizwire) — South Korean consumers are increasingly pulling out their debit cards to make purchases, thanks in part to the income tax deductions their use engenders and attractive loyalty programs, new data from the Bank of Korea (BOK) has revealed. According to the report released by the BOK on Tuesday, spending on [...]
SEOUL, March 7 (Korea Bizwire) – Lee Sung-seob’s “A Bull” has sold for 4.7 billion won (US$4.37 million) in an auction in Seoul, the highest price paid for an artwork by the late artist (1916-1956), Seoul Auction said Wednesday. The fierce bull painting by one of the country’s most celebrated artists changed hands at the art event held at the auction house’s headquarters in Pyeongchang-dong, Seoul. The painting [...]
SEOUL, March 7 (Korea Bizwire) – The prosecution has decided to take over the sexual assault case against former South Chungcheong Province Gov. An Hee-jung, officials said Wednesday. The Seoul Western District Prosecutors’ Office said it decided to investigate the case on its own in consideration of the victim’s wish, the case’s jurisdiction and the need for a swift probe. The victim filed an official [...]
SEOUL, March 7 (Korea Bizwire) – MBC’s long-running variety show “Infinite Challenge” will have its finale on March 31, a top MBC official said Wednesday. “The existing show will end on March 31, and we’re planning on a new show,” Kwon Seok, director of MBC’s entertainment bureau, told reporters after a PR event for another MBC program. MBC producer Choi Haeng-ho will helm the new show, while current director Kim Tae-ho is set to leave after more than [...]
GANGNEUNG, South Korea, March 7 (Korea Bizwire) – Oh Joon, former South Korean Ambassador to the United Nations, said Wednesday he believes North Korea’s participation in the PyeongChang Winter Paralympics can be an opportunity to improve the rights of disabled people. Oh, who served as South Korean representative to the U.N. from 2013 to 2016, made his remarks at the Korea Paralympic Committee International [...]
SEOUL, March 7 (Korea Bizwire) – The chief of Kumho Tire Co. said Wednesday that foreign acquisition of the financially troubled tiremaker is essential for its survival at this juncture despite objections raised by union workers. In a message sent to employees, Kumho Tire Chairman and Chief Executive Kim Jong-ho said the company “has no [...]
DAEJEON, March 7 (Korea Bizwire) — The Korea Forest Service (KFS) has developed new DNA analysis technology that can distinguish Korean red pines from Scotch pines that originate in Europe. The new technology is known for its high accuracy as the identification process focuses on genetic differences between the two tree species. With over 100 types [...]
GEOJE, March 7 (Korea Bizwire) — A new cable car stretching over 1.5 kilometers and overlooking Hanryeosudo off the southern coast of Korea and Tsushima Island in Japanese waters will be built on Geoje Island by 2020. Work on the new cable car project began yesterday with the groundbreaking ceremony in the afternoon. The project, funded [...]
SEOUL, March 7 (Korea Bizwire) — The Seoul Metropolitan Government has launched a recycling program to encourage the use of used coffee grounds as fertilizer. The new program is being trialed in a number of districts across the city including Jongno and Guro Districts, where 2,600 coffee shops will set aside used coffee grounds in transparent [...]