SEOUL, Mar. 2 (Korea Bizwire) — South Korean actress Choi Hee-seo has narrated a video introducing Independence Activist An Jung-geun in celebration of the National Liberation Day. The five-minute video, which gives a detailed profile of An Jung-geun and his life and achievements, was produced by professor Seo Gyeong-deok at Sungshin Women’s University and recorded by [...]
SEOUL, Mar. 2 (Korea Bizwire) — Experts have warned electric cars could be a new target of insurance fraud due to subsidies provided by the government. According to sources close to the auto industry, the first suspected fraudulent car insurance claim was filed in July of last year. The claimant argued an electric car parked by [...]
SEOUL, March 2 (Korea Bizwire) – President Moon Jae-in is expected to announce the nominee for the next governor of the Bank of Korea (BOK) early next week, a presidential official said Friday. Asked whether the presidential office will make the announcement next Monday, the official replied, “It is likely.” BOK Gov. Lee Ju-yeol’s four-year term concludes at the end of this month and the new BOK head is facing challenges [...]
SEOUL, March 2 (Korea Bizwire) – K-pop boy band iKON will have concerts in four Japanese cities from August to December, its agency said Friday. YG Entertainment said the seven-member act will hold concerts in Fukuoka on August 25-26, Nagoya on Sept.4-5, Tokyo on Nov. 6-7 and Osaka on Dec. 22-23. Next Wednesday, the group [...]
SEOUL, March 2 (Korea Bizwire) – People with monthly salaries exceeding 4.49 million won (US$4,155) will pay more for state health insurance starting in July, the government said Friday. According to the Ministry of Health and Welfare, a total of 2.44 million people, 13.6 percent of company-subscribed state insurance payers, will pay a maximum of [...]
SEOUL, Mar. 1 (Korea Bizwire) — Airlines and diners will be subject to stringent rules in South Korea for flight delays and no shows without justification, the Korea Fair Trade Commission (KFTC) has said. The KFTC has introduced new standards for a number of consumer disputes as part of the new amendment, under which tardy airlines [...]
SEOUL, Mar. 1 (Korea Bizwire) — Birthrates are declining faster than projected by authorities in South Korea, with the population set to begin decreasing from 2028, new government data has revealed. An unprecedentedly low number of babies were born last year, while the highest number of people died since 1983, according to shocking data released by [...]
SEOUL, Feb. 28 (Korea Bizwire) — South Korean speed skaters who competed in mass-start races are facing controversy as confused viewers question some athletes’ decision to make sacrifices for other team members, but experts say team play is essential in this type of competition. Speed skaters Lee Seung-hoon and Kim Bo-reum, who won gold and silver [...]
SEOUL, Feb. 28 (Korea Bizwire) — The South Korean government has announced it will cease a program under which compensation was paid to the family members of organ donors, following pressure from the international community. Under new legislation that will enter into effect in late April, compensation for organ donors will no longer be offered, while [...]
SEOUL, Feb. 28 (Korea Bizwire) – Samsung C&T Corp., the construction unit of Samsung Group, said Wednesday it hired a former General Electric Co.’s productivity expert as an outside director to enhance shareholders’ value by improving the governance structure. Philippe Cochet, 58, who served as chief productivity officer at GE, the United States’ largest industrial conglomerate, is expected to [...]