SEOUL, Dec. 18 (Korea Bizwire) – The popular Hong Kong film “Infernal Affairs” will be recreated as an original musical in Korea, a production company said Monday. Shin’s Wave said it has bought the rights to recreate the first of the three-installment series and started producing the musical. The 2002 movie, starring Andrew Lau and Alan Mak, revolves around two police officers tasked with their [...]
SEOUL, Dec. 18 (Korea Bizwire) – Ediya Coffee Co., a local low-cost coffee franchise operator, said Monday it plans to list the company on the local bourse, marking the first move to go public among its rivals here. The coffee franchise operator said it has signed up Mirae Asset Daewoo Securities Co. as the lead manager for its listing. The latest decision to go public is part of its efforts to secure funds to [...]
SEOUL, Dec. 18 (Korea Bizwire) – Virtual reality film ”Bloodless” by South Korean filmmaker Gina Kim won best VR film award at the Bogota International Film Festival, the movie’s production company Crayon Film said Monday. Earlier this year, the film won the best virtual reality story award at the 74th Venice International Film Festival and the best VR film award at the 58th Thessaloniki International Film Festival. The 12-minute-long film is based on a real-life murder case in 1992 where an American soldier killed a Korean bar worker in one of the [...]
SEOUL, Dec. 15 (Korea Bizwire) – With less than three weeks left before the end of 2017, not everyone in South Korea is excited about the festive season, particularly young people who are mired in record high unemployment this year. To many people, December is often associated with holidays like Christmas and New Year’s Eve, [...]
SEJONG, Dec. 15 (Korea Bizwire) –South Korean workers on average get fewer than a week of paid leave every year, according to new government data. Data released by Statistics Korea on Friday shows South Koreans older than 15 years of age between last September and October took an average of 5.9 days off over the [...]
JEJU, Dec. 15 (Korea Bizwire) – A coding event for children was successfully held on Jeju Island last weekend, signaling the provincial government’s resolve to prepare for the Fourth Industrial Revolution. According to the island’s provincial government on Thursday, the two-day long junior coding hackathon was held over the weekend under the theme of ‘producing [...]
SEOUL, Dec. 15 (Korea Bizwire) – South Korea’s corporate watchdog is looking into whether Mirae Asset Group, a major financial service provider, is violating regulations over inside transactions among its affiliates, industry sources said Friday. The current law forbids inter-affiliate trading within a business group where the controlling family holds more than 30 percent of [...]
SEOUL, Dec. 15 (Korea Bizwire) – South Korea’s top mobile messenger operator Kakao Corp. said Friday it will raise US$1 billion by selling shares to overseas investors, which will be used for merger and acquisition projects. Kakao Corp. said its board of directors approved the plan to raise the cash by issuing global depository receipts [...]
SEOUL, Dec. 15 (Korea Bizwire) – South Korea said Friday it has completed the first stage of a project to develop an advanced military submarine rescue vessel that can operate down to depths of up to 500 meters regardless of poor weather conditions. The Defense Acquisition Program Administration (DAPA) launched the ASR-II project in November [...]
SEJONG, Dec. 15 (Korea Bizwire) – The government has announced plans for nationwide New Deal projects that will see 68 attractions across the country revitalized, including the city of Tongyeong. According to plans revealed by the government on Thursday, a number of old local landmarks and cultural assets in South Korea will take center stage [...]