SEOUL, April 17 (Korea Bizwire) – The economic chiefs of South Korea and Vietnam agreed Tuesday to boost economic cooperation, with the aim of raising their bilateral trade to over US$100 billion by 2020, Seoul’s finance ministry said. During a meeting with Vietnamese counterpart Dinh Tien Dzung, Finance Minister Kim Dong-yeon called on the Vietnamese government to allow more South Korean firms to participate in the [...]
SEOUL, April 17 (Korea Bizwire) – South Korean football club Suwon Samsung Bluewings reached the knockout stage of the Asian Football Confederation (AFC) Champions League on Tuesday after winning their final group stage match. Suwon, two-time continental champions, beat Kashima Antlers 1-0 at Kashima Soccer Stadium in Kashima, Japan, to wrap up their Group H campaign. With the latest result, Suwon finish atop Group H with 10 points from three wins, one draw [...]
UIJEONGBU, South Korea, April 17 (Korea Bizwire) – The city government of Uijeongbu, north of Seoul, has demanded the defense ministry conduct an examination into soil contamination at a former U.S. military base site in the city, officials said Tuesday. The Uijeongbu city government bought the former Camp Sears site from the defense ministry in 2012 after the land was returned to the ministry in 2007 under a base consolidation and relocation plan, [...]
SEOUL, April 17 (Korea Bizwire) – The head of a South Korean traders association met with deputy U.S.trade representative Jeffrey Gerrish and conveyed industry wide concerns over steel import restrictions, the organization said Tuesday. Kim Young-ju, CEO of Korea International Trade Association (KITA), said the South Korean steel industry is relieved by Washington’s move to exempt its companies from the list [...]
SEOUL, April 17 (Korea Bizwire) — Seoul Metro has managed to cut its typical escalator repair time nearly in half using Internet of Things technology. The state-owned transport company said on Tuesday that the average time spent fixing an escalator dropped from 56 minutes to 37 minutes, down 37 percent, after the adoption of IoT technology [...]
SEOUL, April 17 (Korea Bizwire) — Despite passing disability discrimination laws 40 years ago, critics say South Korea needs to do more to ensure the right of disabled people to travel. A number of human rights activists gathered in Seoul today to discuss the rights of disabled people at a forum organized by the National Human [...]
SEOUL, April 17 (Korea Bizwire) — The South Korean government has announced plans to create 4,300 jobs in the smart agriculture industry by 2022. The Ministry of Agriculture, Food and Rural Affairs revealed measures to attract young workers into smart farming by providing training courses and building large-scale smart farm complexes during a meeting with financial [...]
SEOUL, April 17 (Korea Bizwire) — During the latter half of last year, the number of business failures among self-employed South Koreans outstripped new business openings. According to a report from property research institute Research & Review, which was based on data from the Small Enterprise and Market Service, 2.5 percent of small businesses in the [...]
BUSAN, April 17 (Korea Bizwire) — South Korean researchers are offering a bounty of 300,000 won for those who catch jongeo, a rare breed of fish thought to be living in the Geum River. The National Institute of Fisheries Science said on Monday that it has distributed among local fishermen posters to promote its efforts to [...]
SEOUL, April 17 (Korea Bizwire) — For the first time in South Korea, women’s golf apparel was more popular than men’s last year. Despite there being three times as many male golfers, women’s golf apparel sales were nearly twice as high as men’s in volume, according to data released from Shinsegae Mall on Sunday. Men’s golf [...]