SEOUL, Jan. 26 (Korea Bizwire) – Foreign Minister Kang Kyung-wha used her attendance at the World Economic Forum’s (WEF) annual meeting in Davos, Switzerland, to promote the upcoming Winter Olympics as a chance to ease tensions with North Korea, the foreign ministry said Friday. “Kang explained the government’s efforts to lessen tension on the Korean [...]
SEOUL, Jan. 26 (Korea Bizwire) — Language learners in South Korea are green with envy at self-taught English-speaking stars like BTS and Chung Hyeon as they confidently take English interviews with the international media. Videos of tennis player Chung Hyeon’s English interview after the Australian Open quarterfinals are attracting views on the South Korean web, [...]
DAEJEON, Jan. 26 (Korea Bizwire) — With the 2018 PyeongChang Olympics only two weeks away, anti-doping efforts are on the rise in South Korea. With Russian athletes banned from this year’s Olympics over a massive state-backed doping scandal, a growing number of patent applications for anti-doping test technology have been filed in South Korea in [...]
SEOUL, Jan. 26 (Korea Bizwire) — The South Korean government’s plan to file a WTO petition against U.S. safeguard measures is unlikely to buoy the spirits of local exporters, as previous cases have proven ineffective. Following the U.S. government’s decision to impose anti-dumping duties on South Korean washing machines and solar panels, the South Korean [...]
SEOUL, Jan. 25 (Korea Bizwire) – Former German Chancellor Gerhard Schroder on Thursday announced his plan to marry his Korean interpreter Kim So-yeon. Schroder and Kim said during a press conference in Seoul that they are going to marry around this autumn and that the exact venue and time have yet to be fixed. After marriage, the couple plan to live between Germany’s Berlin and Hanover as well [...]
SEOUL, Jan. 25 (Korea Bizwire) – South Korea’s pro football league said Thursday it will use an English-made video review system starting this season. The K League, operator of pro competitions, said its video assistant referees (VAR) will use Hawk-Eye equipment and software to review action on the pitch. The advanced video technology will be used in both first-tier K League 1 (Classic) and second division K League 2 (Challenge). The Hawk-Eye system is best known for its use of ball tracking in [...]
INCHEON, South Korea, Jan. 25 (Korea Bizwire) – North Korea is expected to send two athletes to the upcoming PyeongChang winter Paralympic Games, following its decision to participate in the multi-sport event, which will be held in the South, Seoul’s sports minister said Thursday. “I expect two North Korean athletes to attend the PyeongChang Parlympics. Their participation will help the event organizers hold the Paralympic Games more peacefully,” Do Jong-whan, minister [...]
SEOUL, Jan. 25 (Korea Bizwire) – South Korea is considering imposing taxes on virtual currency transactions as part of its efforts to curb excessively speculative investment in cryptocurrencies, the country’s top economic policymaker said Thursday. “We are reviewing (taxation) because (cryptocurrency) is seen to be taxable,” Finance Minister Kim Dong-yeon told lawmakers. “We are looking at a variety of cases in other countries.”The finance minister also [...]
SEOUL, Jan. 25 (Korea Bizwire) – South Korea’s top Internet portal operator Naver Corp. on Thursday reported a record-breaking annual performance for last year on the back of strong performances by its major businesses. Operating income reached 1.17 trillion won (US$1.1 billion) on sales of 4.67 trillion won in 2017, marking on-year rises of 7 [...]
SEOUL, Jan. 25 (Korea Bizwire) — A number of job search consulting services in South Korea have been found to be ‘overpriced’, and few issue refunds for their services. Job search consulting services have gained popularity among job seekers recently amid an employment crisis, but complaints are growing, according to the Korea Consumer Agency. Between [...]