SEOUL, Jan. 25 (Korea Bizwire) – South Korea’s economy grew at a slower pace in the fourth quarter than three months earlier on decreased demand and construction investments, central bank data showed Wednesday. In the October-December period, the country’s gross domestic product rose 0.4 percent from the previous quarter, decelerating from a 0.6 percent on-quarter [...]
SEOUL, Jan. 24 (Korea Bizwire) – Korea’s onerous corporate culture is slowly making progress. LG Uplus, one of the three major telecommunications companies in Korea, became the first IT company to implement a “PC-off” policy. As the name suggests, the policy forcibly shuts down all access to employee computers at 6:30 p.m. sharp, 30 minutes [...]
SEOUL, Jan. 24 (Korea Bizwire) – An exhibition in the lobby of the National Assembly building faced scrutiny Tuesday after it featured a parodied picture of Edouard Manet’s “Olympia”, with the faces altered to portray President Park Geun-hye and her confidante Choi Soon-sil. The exhibition was organized by Democratic Party lawmaker Pyo Chang-won, who has [...]
PYEONGCHANG, South Korea, Jan. 24 (Korea Bizwire) – A company of U.S. soldiers from the III Marine Expeditionary Force stationed in Okinawa is in South Korea for a joint winter season exercise with the Republic of Korea Marine Corps. According to the South Korean military, the marines from the two countries are currently engaged in [...]
SEOUL, Jan. 24 (Korea Bizwire) – There are roughly 650,000 enlisted soldiers serving in the South Korean military. Facing a million-strong force to the North, food is an essential part of the military in keeping soldiers in the best shape possible. The Ministry of Defense announced Tuesday that it has recently made several changes to [...]
SEOUL, Jan. 24 (Korea Bizwire) – A recent study by the Seoul Institute has revealed that Seoul’s three richest districts – Gangnam, Seocho, and Songpa – have lower female obesity rates than other neighborhoods in the capital. According to the study, the obesity rate for adult men residing in Seoul was 31.7 percent and for [...]
SEOUL, Jan. 24 (Korea Bizwire) – The growth rate of Chinese tourists arriving in South Korea rebounded in December after falls for five months, data showed Tuesday, despite diplomatic tensions between the two neighbors over Seoul’s plan to deploy an advanced U.S. missile defense system. The data compiled by the Korea Tourism Organization showed that [...]
SEOUL, Jan. 24 (Korea Bizwire) – Samsung BioLogics, a biopharmaceutical unit of South Korea’s top conglomerate Samsung Group, suffered a loss last year despite a sharp rise in sales, the company said Tuesday. Sales more than tripled to 295 billion won (US$252.6 million) in 2016 from 91.28 billion the previous year, the company said in [...]
SEOUL, Jan. 24 (Korea Bizwire) – The health ministry said Tuesday it will expand a pilot program connecting health care clinics with patients with chronic disease through a mobile application. Under the program pushed forward by the Ministry of Health and Welfare, 25 state-run clinics across the country will assist 3,500 people over the age [...]
SEOUL, Jan. 24 (Korea Bizwire) – Philippine President Rodrigo Duterte showed last week his support for Ronald Dela Rosa, the chief of the Philippine National Police, despite Dela Rosa expressing his will to resign following criticism over the killing of a South Korean businessman by police officers. According to local sources, President Duterte attended Dela [...]