YONGIN, Dec. 20 (Korea Bizwire) – Yongin’s city government has announced plans to introduce a smart safety system in the region to prevent child negligence on nursery school buses. City officials signed a business agreement on Tuesday with software company AVAD, a local foundation, and a nursery school association, to develop a monitoring system that keeps [...]
SEOUL, Dec. 20 (Korea Bizwire) – The Fair Trade Commission launched on-site inspections of cryptocurrency exchanges Wednesday to see if they comply with consumer-related laws, the government said Wednesday. The three-day inspections follow up on an earlier package of steps aimed at curbing cryptocurrency speculation and crimes. The measures came a day after one such [...]
SEOUL, Dec. 20 (Korea Bizwire) – A statue of Italian priest Kim Ha-jong has been erected at Seoul Plaza in celebration of the UN’s International Migrants Day, and will stand until Friday to symbolize migrants. According to the South Korean representatives of the International Organization for Migration, the statute of Kim Ha-jong, who is famously known [...]
SEOUL, Dec. 20 (Korea Bizwire) – The South Korean content industry grew 4.5 percent this year, reaching an estimated 110.4 trillion won in value, according to new government data. Exports of South Korean content, including the character, movie, music, and animation industries, grew 8.6 percent this year despite Chinese economic retaliation against South Korean cultural exports, [...]
SEOUL, Dec. 19 (Korea Bizwire) – SK Holdings Co., the holding firm of South Korean energy and telecoms conglomerate SK Group, said Tuesday that it has received US$10 million in dividends from Eureka Midstream, a U.S. midstream energy company. SK Holdings said the profit is a dividend for the fourth quarter of 2017 and said [...]
SEOUL, Dec. 19 (Korea Bizwire) – The South Korean central bank will take a more prudent stance on tightening its monetary policies in the future by checking the pace of economic recovery and inflation pressure, minutes from the latest rate-hike meeting showed Tuesday. The Bank of Korea’s (BOK) monetary policy board meeting for November raised [...]
SEOUL, Dec. 19 (Korea Bizwire) – Tottenham Hotspur’s Son Heung-min was named the top South Korean male player of 2017 by the national football governing body on Tuesday. Son earned the honor at the annual Korea Football Association (KFA) Awards. This is Son’s third KFA Player of the Year accolade after 2013 and 2014. He [...]
SEOUL, Dec. 19 (Korea Bizwire) – Starbucks is set to open its biggest store in South Korea in Seoul’s Jongno district on Wednesday, in a move to solidify the brand’s already strong presence in an increasingly competitive market. The much-anticipated coffee shop at Jongno Tower covers 1,097 square meters of floor space on the first [...]
SEOUL, Dec. 19 (Korea Bizwire) – A group of experts has urged both the public and private sectors to look to Japan as a model for earthquake preparedness following reports that the peninsula could suffer from tremors of a magnitude as high as 7.3. During a joint seminar between South Korean and Japanese experts on [...]
SEOUL, Dec. 19 (Korea Bizwire) – The government has unveiled next year’s budget for nuclear energy research and development spending, prioritizing safety and decommissioning nuclear power plants. According to the budget proposal released by the Ministry of Science and ICT on Monday, the government will spend 68.7 billion won on improving the safety of nuclear [...]