SEJONG, Jan. 16 (Korea Bizwire) — Socially responsible South Korean companies are growing both in volume and quality. Data released by the Ministry of Employment and Labor on Monday shows the total sales of companies with social responsibility programs grew by nearly 32 percent in 2016. The labor ministry also learned sales per company rose [...]
HANOI, Jan. 16 (Korea Bizwire) — Despite pressure from the international community, North Korean restaurants in Cambodia are reportedly thriving, thanks to Chinese customers. Unlike China and other Southeast Asian countries where a growing number of North Korean restaurants are being closed, for those in Cambodia it’s business as usual. According to the Phnom Penh [...]
SEOUL, Jan. 15 (Korea Bizwire) — Despite the family-friendly image of traditional holidays, a significant number of couples file for divorce around traditional family holidays such as Lunar New Year and Chuseok. Data from the National Court Administration shows that nearly twice as many married couples file for divorce during the 10 days before and after [...]
SEOUL, Jan. 15 (Korea Bizwire) – Shinhan Bank, one of South Korea’s largest lenders, will serve as the title sponsor for the nation’s top professional baseball league over the next three seasons. The Korea Baseball Organization (KBO) announced its three-year partnership with Shinhan on Monday. The amount of the sponsorship fee and the new league emblem will be unveiled at a signing ceremony in Seoul on Tuesday. Shinhan Bank also owns a [...]
SEOUL, Jan. 15 (Korea Bizwire) – South Korean steelmaker PSCO said Monday its steel plant in Indonesia turned a profit after four years of operation, with accumulated sales exceeding 10 million tons. PT Krakatau POSCO, an integrated steel mill jointly set up by POSCO and Indonesia’s state-run steel firm Krakatau Steel, shifted to an operating profit of US$12 million last year after posting losses in the previous three years, POSCO said [...]
SEOUL, Jan. 15 (Korea Bizwire) – The air quality of the Olympic host of PyeongChang and its neighboring areas will be under special watches until after the Winter Olympics are over, a national environment research organ said Monday. The Winter Olympics and Paralympics will be held from Feb. 9-25 and March 9-18, respectively, in PyeongChang [...]
SEOUL, Jan. 15 (Korea Bizwire) – Nearly 2 million South Koreans are estimated to have used cryptocurrency applications with their smartphone in the past week, data showed Monday. A total of 1.96 million people may have used apps that allow them to handle digital currencies, such as bitcoin and ethereum, last week, up from 140,000 [...]
SEOUL, Jan. 15 (Korea Bizwire) – General Motors Co. said Monday it has allotted 5,000 Chevrolet Bolt electric vehicles for South Korean consumers this year as the company moves to take the lead in the local electric car market. The upgraded Chevrolet Bolt EV can travel 383 kilometers on one charge of a 60 kilowatt-per-hour [...]
SEOUL, Jan. 15 (Korea Bizwire) — With over 13 million cyclists in South Korea, a growing number of abandoned bikes are posing a serious problem for Seoul. An increasing number of bikes are being abandoned in the South Korean capital, as more people opt for bike sharing systems like Seoul Bike, causing issues such as lack [...]
SEOUL, Jan. 15 (Korea Bizwire) — Researchers at Seoul National University have developed a new monitoring system for turbines at power plants, the first of its kind in the world. The research team led by professor of mechanical and aerospace engineering Yoon Byung-dong said on Monday it had developed a turbine monitoring system capable of self-learning [...]