SEOUL, Jan. 17 (Korea Bizwire) – Jung Yong-hwa of the idol band CNBLUE will be leaving a cable TV show after the revelation that he received preferential treatment in graduate school admission, his agency said Wednesday. “After much thought, Jung decided to voluntarily quit the program, feeling responsibility for today’s controversy and hoping the issue [...]
SEOUL, Jan. 17 (Korea Bizwire) – South Korea will face Northern Ireland in a pre-World Cup friendly football match in March, the national football governing body said Wednesday. The Korea Football Association (KFA) said the men’s national team, coached by Shin Tae-yong, will take on Northern Ireland at Windsor Park in Belfast on March 24. [...]
SEJONG, Jan. 17 (Korea Bizwire) — The South Korean government is tightening standards for electric car subsidies, with stringent guidelines based on battery life and environment-friendliness entering effect this year. Changes are coming to the electric car market, as the Ministry of Environment said on Wednesday that electric car buyers will receive different government subsidies depending [...]
SEJONG, Jan. 17 (Korea Bizwire) — The government will cut down on night shifts and introduce new safety standards to ensure the safety of street cleaners following a series of accidents. The Ministry of Environment announced during a cabinet meeting on Tuesday that it will work with a number of government branches including the interior, labor [...]
SEJONG, Jan. 17 (Korea Bizwire) — The South Korean government will use cutting-edge technology such as drones and the Internet of Things to improve the safety of the nation’s railway network. The Ministry of Land, Infrastructure and Transport has introduced a comprehensive white paper outlining technology projects over the next ten years, including the installation of [...]
SEOUL, Jan. 17 (Korea Bizwire) – President Moon Jae-in said on Wednesday that North Korea’s participation in the upcoming Winter Olympic Games here will help improve inter-Korean ties. “We have great expectations for the PyeongChang Winter Olympic Games, and the stars of the PyeongChang Olympics are you athletes,” the president said during his first visit to the National Training Center in Jincheon, located 90 kilometers south of Seoul. [...]
SEOUL, Jan. 17 (Korea Bizwire) – Sales at South Korean duty-free stores reached an all-time high last year, despite a sharp drop in the number of foreign tourists following a diplomatic row between Seoul and Beijing over a U.S. anti-missile system, customs data showed Wednesday. Combined sales to foreigners at 48 local duty-free shops came to 14.5 trillion won (US$13.6 billion) in 2017, up 17.9 percent from 12.3 trillion won tallied the previous year, according to [...]
SEOUL, Jan. 17 (Korea Bizwire) – The labor policies pursued by the South Korean government will drive up labor costs for local companies and drive down their sales, a German consulting firm said Wednesday. In a presentation on Korea’s labor policies and their impact on businesses, Lee Soo-sung, managing partner at Roland Berger Seoul, estimated [...]
SEOUL, Jan. 17 (Korea Bizwire) — Telecom giant KT has opened an agricultural drone school in South Jeolla Province in the hopes of helping the farming community. KT’s ‘Giga Island Drone School’ opened at an experience center on Imja Island in Sinan County yesterday, featuring a number of facilities including a workshop and a simulation room, [...]
JEJU, Jan. 17 (Korea Bizwire) — Exhibitions featuring famous film series such as Harry Potter and Avatar could soon be coming to Jeju Island. According to the Jeju Free International City Development Center (JDC) on Tuesday, city officials and representatives from German company AWC AG, Europe’s largest blockbuster exhibition agency, have agreed to hold business negotiations [...]