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South Korea’s First LNG-powered Merchant Vessel Unveiled

South Korea’s First LNG-powered Merchant Vessel Unveiled

SEOUL, Dec. 22 (Korea Bizwire) – The very first South Korean LNG-powered merchant vessel is expected to set sail next year. The Ministry of Trade, Industry and Energy and POSCO said on Thursday that the launch ceremony for the country’s first LNG-powered merchant vessel, ‘Green Iris’, will take place on Friday at Hyundai Mipo Dockyard [...]

S. Korea to Permit 56,000 Foreign Workers with E-9 Visas Next Year

S. Korea to Permit 56,000 Foreign Workers with E-9 Visas Next Year

SEOUL, Dec. 22 (Korea Bizwire) – South Korea will issue its non-professional employment visa to 56,000 foreign workers next year, the same figure set for this year’s quota, government officials said Friday. The government committee on foreign workforce policy finalized its plan for the 2018 E-9 visa quota during its 25th session presided over by [...]

Number of Chinese Visitors Dips for 9th Straight Month amid THAAD Dispute

Number of Chinese Visitors Dips for 9th Straight Month amid THAAD Dispute

SEOUL, Dec. 22 (Korea Bizwire) – The number of Chinese tourists in South Korea declined 42.1 percent on-year in November, marking the ninth straight month of decrease following the diplomatic row between the two countries over the deployment of a U.S. anti-missile system here, government data showed Friday. The tally of Chinese visitors came to [...]

Torch Relay for PyeongChang 2018 to Resume Friday Following Deadly Fire

Torch Relay for PyeongChang 2018 to Resume Friday Following Deadly Fire

SEOUL, Dec. 22 (Korea Bizwire) – The torch relay for the 2018 PyeongChang Winter Olympics will resume on Saturday, after Friday’s leg was canceled following a deadly fire in its scheduled stop. PyeongChang’s organizing committee earlier scrapped its torch relay in Jecheon, some 170 kilometers southeast of Seoul, for Friday, after a massive fire engulfed [...]

Reigning Pro Football Champions Own League’s Largest Payroll

Reigning Pro Football Champions Own League’s Largest Payroll

SEOUL, Dec. 22 (Korea Bizwire) – Jeonbuk Hyundai Motors, the reigning South Korean professional football champions, also have the league’s largest payroll and own its five highest-paid players, data showed Friday. The K League, operators of the professional competitions, released salary data on 11 clubs in the first-division K League Classic, excluding the military club [...]