SEOUL, Dec. 11 (Korea Bizwire) – South Korean dessert cafe franchise Sulbing said Monday it will open new stores in the Philippines in its latest efforts to expand abroad to secure new growth engines. Sulbing has signed a deal with Beonyeong Company Inc. to open branches in the Southeast Asian country, the Korean firm said. [...]
SEOUL, Dec. 11 (Korea Bizwire) – Medals to be awarded at the 2018 PyeongChang Winter Parlympics were unveiled Monday, with a nod to the Korean culture and traditions. The competition’s organizing committee said the Paralympics medals are based on the same design principles of the medals for the Winter Olympics, in that both have been inspired by the Korean culture and its alphabet, hangeul. Lee Suk-woo, a South Korean industrial designer who designed [...]
SEOUL, Dec. 11 (Korea Bizwire) – South Korea is considering banning all kinds of cryptocurrency transactions in the country as a way to cool down the worldwide craze for digital currencies, the top financial regulator said Monday. “I don’t see bitcoin transactions as financial deals,” Financial Services Commission (FSC) Chairman Choi Jong-ku said in a luncheon meeting with reporters. ”They are not institutionalized [...]
SEOUL, Dec. 11 (Korea Bizwire) — Amid a surge in the number of people dying alone in South Korea, a new report has called for the country to follow in the footsteps of Japan and adopt insurance programs for so called lonely deaths. According to the report released on Sunday by researcher Kim Se-joong at the [...]
SEOUL, Dec. 11 (Korea Bizwire) — South Korean government officials announced plans on Sunday for a certification system that will help protect South Korean products exported to China and crack down on counterfeit goods. The move comes after the Korea Trade Network (KTNET), the country’s paperless trade platform provider, signed a business agreement with the China [...]
SUWON, South Korea, Dec. 8 (Korea Bizwire) – South Korean football icon Park Ji-sung said Friday that he will devote himself to his new job as the chief of the country’s youth football program with his European experience. Park was named the Korea Football Association’s youth strategy department chief last month. It was the first [...]
SEOUL, Dec. 8 (Korea Bizwire) – Netmarble Games said Friday its latest game “Lineage 2: Revolution” has been given Google Play’s “Best Game of 2017″ award in South Korea and five other Asian countries. South Korea’s No. 1 mobile game developer and publisher said Lineage 2: Revolution, a mobile MMORPG game licensed by NCSoft and [...]
SEOUL, Dec. 8 (Korea Bizwire) – Hyundai Motor Group on Friday held a meeting with representatives from its overseas sales operations in Seoul to discuss ways to boost sales, the company said Friday. On Friday, some 50 representatives of Hyundai Motor Group’s overseas sales offices gathered at its headquarters in southern Seoul to share views [...]
NAJU, South Korea, Dec. 8 (Korea Bizwire) – The head of the Korea Electric Power Corp. stepped down Friday, shortly before the end of his five-year term, after getting the state-run utility firm a step closer to securing a nuclear project in Britain. Cho Hwan-eik announced his decision to step down after KEPCO was selected [...]
SEOUL, Dec. 8 (Korea Bizwire) — Shinsegae Group vice chairman Chung Yong-jin’s business acumen is making headlines, with the success of the Starfield shopping complexes and the decision to cut employee working hours down to 35 per week from next year. The plan to slash working hours to help improve employee work-life balance was announced [...]