SEOUL, Dec. 14 (Korea Bizwire) – Following criticism and hygienic concerns, wastebaskets in public bathroom stalls will disappear in South Korea from next year. The Ministry of the Interior and Safety announced a new enforcement ordinance on Wednesday, which will bring a number of changes to public restrooms from next month, including a ban on trash [...]
SEOUL, Dec. 14 (Korea Bizwire) – A group representing pork producers has introduced a number of tender pork recipes to boost sales, as the ‘silver food’ market for elderly customers continues to grow in South Korea. Korea Pork and the Korean Dietetic Association unveiled a number of pork recipes catering to seniors, hospital patients and children [...]
SEOUL, Dec. 14 (Korea Bizwire) – Self-driving shuttles are now shuffling students across campus at the Korea National University of Transportation. According to the KNUT, the self-driving shuttle service began on Wednesday after a launch ceremony was held at its Chungju campus, in a move to develop a brand new public transport service. The autonomous shuttle [...]
SEOUL, Dec. 14 (Korea Bizwire) – A leaked draft outlining the government’s cryptocurrency regulations has been met with a sigh of relief from investors, as earlier reports of an all-out ban seem to have been debunked. Despite a number of reports that the South Korean government would follow in China’s footsteps and ban all cryptocurrency transactions, [...]
BRUSSELS, Dec. 14 (Korea Bizwire) — The European Union has said South Korea could be off its tax haven blacklist as soon as late January, if the country promises to amend or scrap tax breaks for international companies. South Korea was branded as a tax haven along with 16 other countries including Mongolia and Namibia according [...]
SEOUL, Dec. 13 (Korea Bizwire) – South Korea will supply 1 million “registered private rent houses” in the next five years to help tenants keep a stable residence without worrying about a sharp increase in rental costs, the transport ministry said Wednesday. If the owner of multiple homes registers one of them as a rental house with the government, the [...]
SEOUL, Dec. 13 (Korea Bizwire) – Soyou, former member of disbanded K-pop girl group Sistar, made a comeback on Wednesday with her first solo album “Re:Born.” “I want to become a solo artist who can handle all genres of music, a singer who incites curiosity, a singer who is trustworthy in terms of music,” Soyou, whose real name is Kang [...]
SEOUL, Dec. 13 (Korea Bizwire) – Girl group BLACKPINK’s music video for “As If It’s Your Last” was the most popular K-pop video on YouTube in 2017, according to the U.S. online streaming giant Wednesday. YouTube announced that the BLACKPINK video, published on June 22, topped its list of most-viewed K-pop videos in 2017. The music video has racked up more than 198 million views. BTS took the second, third and fifth spots, with “DNA,” “Not Today” [...]
SEOUL, Dec. 13 (Korea Bizwire) – Signiel Seoul, the hotel at the 123-story skyscraper of South Korean retail giant Lotte, has been namded the best new new luxury hotel in Asia in a reader survey by a U.S. travel magazine, the company said Wednesday. Global Traveler (GT) awarded the hotel – which is in Lotte World Tower, the country’s tallest building, in eastern Seoul — with the Best New Luxury Hotel in Asia. Signiel Seoul was followed by Park [...]
SEJONG, Dec. 13 (Korea Bizwire) – The government is introducing a new policy this month requiring multinational companies to submit integrated attribution reports, as part of a bid to tackle tax avoidance. The integrated reports submission system is in response to tax avoidance schemes employed by multinational companies such as the manipulation of transfer prices, the [...]