SEOUL, Dec. 21 (Korea Bizwire) – Health authorities have been put on alert after yet another student was diagnosed with tuberculosis in the famous hagwon town Noryangjin. According to the Korea Centers for Disease Control and Prevention, a student was diagnosed with the disease during a local medical test provided by the organization. The student in [...]
SEOUL, Dec. 21 (Korea Bizwire) – The Financial Supervisory Services has announced the development of a risk assessment system to measure how protected the South Korean financial industry is from economic slumps and interest rate fluctuations. The new system named STARS-Ⅰ, which stands for the stress test for assessing the resilience and stability of a financial [...]
SEOUL, Dec. 20 (Korea Bizwire) – Hotel Shilla Co. won the right to operate a duty-free shop at an airport on South Korea’s southern resort island of Jeju, customs officials said Wednesday, amid growing hopes for the return of Chinese tourists. The operator of Shilla Duty Free was tapped to operate the outlet at Jeju International Airport for five years, beating its domestic rivals Lotte Duty Free and Shinsegae DF, according to [...]
SEOUL, Dec. 20 (Korea Bizwire) – NCsoft Corp., a South Korean online gamemaker, said Wednesday the mobile version of its mega-hit game Lineage, ranked the No. 1 mobile application in terms of sales in Taiwan. Lineage M has become the most popular app both in the Google Play Store and Apple’s App Store in Taiwan, since its launch on Dec. 11, the company said. The new Lineage M features a very high degree of visual resolution, yet brings back [...]
BEIJING/SEOUL, Dec. 20 (Korea Bizwire) – Chinese authorities have rejected a request by a group of Chinese nationals to visit South Korea later this week, industry sources said Wednesday. The tourists were supposed to leave for South Korea on Friday in a trip arranged by Haitao Travel, a Chinese tour operator, according to the sources. Chinese citizens are required [...]
SEOUL, Dec. 20 (Korea Bizwire) – Former major league pitcher Seo Jae-weong has rejoined his South Korean hometown club as a coach. The Kia Tigers in the Korea Baseball Organization (KBO) announced Wednesday that Seo, 40, will join their coaching staff for next season. His exact position will be determined later. Seo pitched six seasons in the majors, starting in 2002 with the New York Mets. He later [...]
SEOUL, Dec. 20 (Korea Bizwire) – The death of K-pop superstar Jonghyun from SHINee has sparked a debate over deep-rooted problems facing the K-pop industry. In a suicide letter released by his best friend Nine9 from rock band Dear Cloud, Jonghyun said he was ‘broken from inside’ and that ‘depression slowly began eating away at me [...]
SEJONG, Dec. 20 (Korea Bizwire) – Sea levels around the Korean peninsula are rising at an increasing rate, new government data has revealed. According to the Korea Hydrographic and Oceanographic Agency on Wednesday, sea levels around Korea continue to rise. The announcement comes after the group operating under the Ministry of Oceans and Fisheries analyzed sea [...]
SEOUL, Dec. 20 (Korea Bizwire) – Financial authorities will ramp up efforts to crack down on moneylenders targeting young people and seniors from next year. According to the Financial Services Commission (FSC), a special task force will be launched as part of a joint effort with the Ministry of the Interior and the Seoul Metropolitan Government [...]
JEJU, Dec. 20 (Korea Bizwire) – The Jeju government has announced dozens of official Jeju language-inspired commercial design patterns to promote local culture. According to government officials, 13 design patterns involving the Jeju language, a Korean dialect unique to Jeju Island, have been officially recognized as part of the design project, which began in August. A [...]