SEOUL, Dec. 15 (Korea Bizwire) – South Korean cryptocurrency exchanges said Friday they will adopt a raft of self-regulatory measures to improve transparency in trading to keep the unregulated market in check amid worries over a bitcoin frenzy. The Korean Blockchain Industry Association composed of 14 virtual currency exchanges said its members agreed to require [...]
SEOUL, Dec. 15 (Korea Bizwire) – Samsung Electronics Co. said Friday it will start sales of a smartphone case exclusively designed for the flagship Galaxy Note 8 next week in South Korea. Samsung said if users place the Galaxy Note 8 inside the case, a special theme will automatically be applied to the smartphone, displaying [...]
SEOUL, Dec. 15 (Korea Bizwire) – Six in ten South Koreans support ‘Mooncare’, a presidential initiative to expand health insurance coverage, but the majority of the public aren’t keen on health insurance premium increases, a new survey has found. According to survey results released by the National Health Insurance Corporation (NHIC) on Thursday, nearly 60 percent [...]
JEJU, Dec. 15 (Korea Bizwire) – The Jeju Island’s provincial government is prolonging the approval process for a Chinese for-profit hospital project after drawing fierce criticism from groups against the privatization of health care. The Jeju government will hold a meeting on Friday to discuss the controversial for-profit Greenland International Hospital project with medical experts and [...]
HANOI, Dec. 14 (Korea Bizwire) – South Korea and Vietnam agreed Thursday to expand educational cooperation and exchanges, especially in language learning, according to Seoul officials. Deputy Prime Minister Kim Sang-kon, who also serves as education minister, met with his Vietnamese counterpart Vu Duc Dam in Hanoi. Kim requested Vietnam take measures to expand Korean [...]
BEIJING, Dec. 14 (Korea Bizwire) – Chinese security guards beat and injured two South Korean photojournalists who were covering a business function attended by South Korean President Moon Jae-in on Thursday hours before his summit with Chinese leader Xi Jinping. The incident occurred at a convention center in Beijing where a trade fair was held involving some 200 South Korean firms and 500 prospective Chinese buyers. Moon is currently on a four-day [...]
SEOUL, Dec. 14 (Korea Bizwire) – The South Korean and the Chinese host cities of the next two Winter Olympics reached a cooperative agreement Thursday to ensure the success of their events. Lee Hee-beom, the top organizer for the 2018 PyeongChang Winter Olympics, and Cai Qi, his counterpart for Beijing 2022, signed their memorandum of understanding (MOU) on mutual exchange and cooperation in a ceremony at [...]
SEOUL, Dec. 14 (Korea Bizwire) – South Korean retail giant Lotte is in disarray as its head is facing two possible jail terms in the coming weeks over bribery and other charges, industry watchers said Thursday. Lotte Group Chairman Shin Dong-bin is accused of giving 7 billion won (US$6.43 million) in bribes to a foundation run by ex-President Park Geun-hye’s friend Choi Soon-il as he sought favors in winning a government license [...]
SEOUL, Dec. 14 (Korea Bizwire) – The “Descendants of the Sun” star Song Joong-ki has been chosen as the top television actor of the year in an annual poll released Thursday. Gallup Korea canvassed 1,700 people aged 13 or over across the country from Nov. 8 to 28 and Song took the top spot, gaining [...]
SEOUL, Dec. 14 (Korea Bizwire) – Students from Incheon Global Campus are graduating for the first time this year and finding employment at multinational corporations such as LG Electronics and Facebook, signaling signs of progress. According to Incheon Global Campus on Thursday, a growing number of students are graduating from the one and only education model [...]