SEOUL, April 20 (Korea Bizwire) – A South Korean court on Friday placed a financially troubled midsize shipbuilder under its receivership, a spokesman said. Shin Sung-hoon, spokesman of the Changwon District Court, said Deloitte Anjin LLC, an auditing company, will carry out due diligence on Sungdong Shipbuilding & Marine Engineering Co. to determine the company’s value of liquidation and its going concern value. “We [...]
SEOUL, April 20 (Korea Bizwire) – A new documentary film on the tragic ferry sinking of 2014 is in the midst of a sensational run at the box office, data showed Friday, as the country marked the fourth anniversary of one of its worst maritime disasters earlier this week. “Intention” became the most-watched political-current affairs documentary film of all time in the country on Thursday, attracting an accumulated audience of 276,474, [...]
SEOUL, April 20 (Korea Bizwire) – South Korea’s pro football governing body on Friday approved a rule on fine dust to protect the players and fans from bad air quality. The K League said its board members approved a rule that allow match officials to cancel matches when fine dust advisories are issued. According to the rule, if fine dust advisories are issued in between three hours prior to the [...]
BUSAN, Apr. 20 (Korea Bizwire) — A café in Busan is embroiled in controversy after banning teenage students from entering the establishment. In a poster affixed to the front door, the café says that middle school and high school students are not welcome following a spate of poor behavior including swearing, speaking rudely, and spitting on [...]
SEJONG, Apr. 20 (Korea Bizwire) — The South Korean government has scrapped plans to intervene in a conflict between couriers and an apartment complex after local residents banned delivery vehicles from entering in fear of potential traffic accidents. In a statement released Thursday, the Ministry of Land, Infrastructure and Transport said, “We tried to help delivery [...]
SEOUL, Apr. 20 (Korea Bizwire) — South Korean health authorities have announced plans to ban smoking completely at all cafés across the country from July. The Ministry of Health and Welfare is set to pass an amendment to the National Health Promotion Act by the end of next month, officials said on Thursday. Under the revised [...]
SEOUL, Apr. 20 (Korea Bizwire) — New government data has revealed half of disabled South Koreans are seniors, with 1 in 4 people with disabilities living alone. Against the backdrop of an aging population, seniors older than 65 accounted for 46.6 percent of the disabled population, while those living alone accounted for 26.4 percent, according to [...]
SEOUL, Apr. 20 (Korea Bizwire) — A new study has revealed people with similar social status are more likely to clash with each other. A research team led by professor Lee Won-jae at the Korea Advanced Institute of Science and Technology (KAIST) discovered that people who are similar to each other have a tendency to compete [...]
SEOUL, Apr. 20 (Korea Bizwire) — Prime Minister Lee Nak-yeon invited a number of tour guides to his office on Thursday and discussed a number of issues facing historic sites in Seoul. During the meeting with the guides from the main palaces and Jongmyo Shrine, Lee personally thanked them for their work and said guides play [...]
SEOUL, April 18 (Korea Bizwire) – General Motors Co. on Wednesday offered to relocate workers from the South Korean plant it plans to close next month to other local production lines in an effort to get the union to accept the restructuring plan laid out by management. The suggestion comes against a background of strong resistance from GM Korea Co.’s union to the U.S.-based carmaker’s decision to [...]