SEOUL, Feb. 12 (Korea Bizwire) – South Korean authorities may look into the accounting records of the local unit of General Motors Co. amid speculation that it has been involved in unfair practices, industry sources said Sunday. A possible inspection into GM Korea’s financial records has been raised amid rumors that the Detroit-based carmaker may [...]
SEOUL, Feb. 12 (Korea Bizwire) – South Korean refiners are betting on non-refining activities to reduce their heavy reliance on their mainstream businesses amid the won’s strength and lower cracking margins, industry sources said Sunday. As the won’s strength against the dollar drives down cracking margins despite signs of recovering oil prices, local refiners have [...]
SEOUL, Feb. 9 (Korea Bizwire) – The 2018 Winter Olympics, which officially kicked off today in PyeongChang, face the risk of being politicized by world leaders amid heightened geopolitical tensions on the Korean peninsula. Playing politics at the Olympics is not entirely new, but the current political climate could see political agendas pushed by world leaders [...]
SEOUL, Feb. 9 (Korea Bizwire) — Mired in a sales slump, GM Korea is seeking government aid in a last-minute effort to save its car manufacturing business in South Korea, the Ministry of Strategy and Finance has confirmed. GM International head Barry Engle has been in touch with high ranking South Korean government officials to [...]
GANGNEUNG, South Korea, Feb. 9 (Korea Bizwire) – South Korea’s mixed doubles curling team of Jang Hye-ji and Lee Ki-jeong beat the United States Friday for their second win at the PyeongChang Winter Olympics. Jang and Lee routed the U.S. siblings of Becca and Matt Hamiltonm, 9-1, in the fourth match of the preliminary mixed [...]
SEOUL, Feb. 9 (Korea Bizwire) – A North Korean art troupe will come to Seoul Saturday to rehearse for its second and final performance in South Korea, the unification ministry said Friday. The 140-strong troupe, named the Samjiyon Orchestra, has been staying on the Mangyongbong-92 ferry, which is docked at the eastern port of Mukho, [...]
SEOUL, Feb. 9 (Korea Bizwire) – South Korea aims to create some 35,000 new jobs in the health care sector by 2022 as part of its efforts to become a global biotech and medical industry hub, the government said Friday. Under the plan announced by the Ministry of Trade, Industry and Energy, the government aims [...]
SEOUL, Feb. 9 (Korea Bizwire) – Lotte Card Co., a South Korean credit card firm, said Friday it has begun selling Visa wearable payment devices for the 2018 Winter Olympics and Paralympics in PyeongChang. Visa is the only credit card that can be used for payments at the Winter Games as it is an official [...]
SEOUL, Feb. 9 (Korea Bizwire) – Police said Friday they have arrested Jung Suk-won, a South Korean actor and the husband of pop singer Baek Ji-young, on drugs charges. Jung, 33, was taken into custody by police officers at Incheon International Airport late Thursday night for allegedly shooting up with meth in a pub in [...]
SEOUL, Feb. 9 (Korea Bizwire) – Members of People for the Ethical Treatment of Animals in body paint took to the streets of Seoul on Thursday to protest Canada Goose jackets. A number of naked PETA activists including Ashley Fruno from Canada braced the cold weather in body paint in Myeongdong, the heart of the [...]