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Gov’t Agonizing Over Providing Refined Petroleum Products to N. Korea for Joint Cultural Events

Gov’t Agonizing Over Providing Refined Petroleum Products to N. Korea for Joint Cultural Events

SEOUL, Jan. 29 (Korea Bizwire) – The government is agonizing over whether it send refined petroleum products to North Korea for upcoming joint events amid tough international sanctions over Pyongayng’s missile tests, officials said Sunday. “We told the North to take charge of supplying the electricity necessary to hold the joint cultural events but received an answer that it is difficult to stably supply power to the facility built by [...]

Employees Have Mixed Feelings About Shinsegae’s 35-Hour Workweek

Employees Have Mixed Feelings About Shinsegae’s 35-Hour Workweek

SEOUL, Jan. 29 (Korea Bizwire) – Employees at Shinsegae Group have mixed feelings about the retail giant’s 35-hour workweek, which began this year, citing positive improvements in work-life balance but heightened labor intensity. The South Korean retailer, which operates Shinsegae department store and E-Mart hypermarket chains, adopted the shortened workweek Jan. 1 to help its workers utilize their time to work more effectively. The company [...]

PyeongChang 2018 Certain to Be Largest Winter Olympics in History

PyeongChang 2018 Certain to Be Largest Winter Olympics in History

PYEONGCHANG, South Korea, Jan. 29 (Korea Bizwire) – The 2018 PyeongChang Winter Games are certain to be the largest Winter Olympics in history in terms of participating nations and athletes, with the deadline to confirm entries fast approaching, organizing officials said Sunday. According to the organizing committee, nearly 3,000 athletes from 95 nations have registered to compete at the Feb. 9-25 Olympics. The deadline to finalize entries is 6 a.m. [...]

Young South Koreans Turn to Cryptocurrency Investment in Desperation

Young South Koreans Turn to Cryptocurrency Investment in Desperation

SEOUL, Jan. 27 (Korea Bizwire) — The cryptocurrency craze continues to sweep across South Korea despite the government’s hard-line stance, particularly thanks to young people who are hoping to turn their lives around with a get-rich-quick investment scheme. With over 1 million cryptocurrency trading accounts, the high level of public interest in virtual currencies in the [...]

N. Korea Figure Skating Pairs Team Wins Bronze at Four Continents Championships

N. Korea Figure Skating Pairs Team Wins Bronze at Four Continents Championships

SEOUL, Jan. 26 (Korea Bizwire) – North Korea’s figure skating pairs team of Ryom Tae-ok and Kim Ju-sik won the bronze medal on Friday at the last-minute international rehearsal before the next month’s PyeongChang Winter Olympics. At the Four Continents Figure Skating Championships, held in the Taiwanese capital of Taipei, the duo earned a personal-best [...]

Hospital Apologizes for Deadly Blaze, But Claims Compliance with Fire Prevention Rules

Hospital Apologizes for Deadly Blaze, But Claims Compliance with Fire Prevention Rules

MIRYANG/SEOUL, Jan. 26 (Korea Bizwire) – Officials of a fire-ravaged hospital in the southern city of Miryang apologized Friday for the deadly blaze but claimed they have complied with disaster prevention regulations amid criticism that no sprinkler system was installed in the hospital. The blaze left at least 37 people dead and more than 140 [...]

Most Mountain Villages in South Korea To Disappear in 30 Years

Most Mountain Villages in South Korea To Disappear in 30 Years

DAEJEON, Jan. 26 (Korea Bizwire) — Up to 95 percent of mountain villages in South Korea will disappear in 30 years due to aging residents, according to new government data. Data released on Thursday by the Korea Forest Service showed the number of women of childbearing age living in mountain villages is on a sharp [...]