SEOUL, Jan. 20 (Korea Bizwire) – To many Koreans’ disappointment, a South Korean court rejected on Thursday the arrest warrant for Samsung Vice Chairman Lee Jae-yong sought by the special prosecution team. But the news has now given courage to other conglomerates to finally express their desire that the prosecutors focus on what they believe [...]
SEOUL, Jan. 20 (Korea Bizwire) – An increasing number of South Korean workers are becoming health-conscious, leading to soaring popularity for simple meal alternatives that can satisfy hunger and provide the right balance of nutrients. According to Olive Young, a CJ franchise for health and beauty products, sales of these alternative foodstuffs, including powdered products, [...]
SEOUL, Jan. 20 (Korea Bizwire) – A concert hall at the Seoul Arts Center opened today with four new seats that don’t have a view of the stage, but do have a table and a reading light for the spectator to follow the music score during the performance. These score-desk seats are the first of [...]
SEOUL, Jan. 20 (Korea Bizwire) – Action figures, radio-controlled cars, drones, board games, paper toys, videogames… you name it. The Kidult & Hobby Expo 2017 kicked off at Seoul’s COEX Thursday for a four-day run, featuring activities and playthings for children and adults, or “kidults.” Apart from the exhibition, the expo is also offering consulting [...]
SEOUL, Jan. 20 (Korea Bizwire) – A lower court ordered Deutsche Bank on Friday to compensate investors for damage it caused by manipulating stock prices, in the nation’s first-ever ruling on a class action suit. The Seoul Central District Court ordered the Germany-based financial services company to pay a total of 8.55 billion won (US$7.28 [...]
TOKYO/SEOUL, Jan. 20 (Korea Bizwire) – Tokyo has complained to Seoul about a reference to Dokdo as South Korean territory on the latter’s Olympic website, a report said Friday. Citing multiple sources, Kyodo News said the Japanese foreign ministry has asked South Korea to stop referring to the islets as South Korean territory on the [...]
SEOUL, Jan. 20 (Korea Bizwire) – South Korean conglomerate Lotte will likely relinquish its golf club in the rural town of Seongju so the land can be used for the deployment of a U.S. air missile defense system, informed sources said Friday, despite possible repercussions for its business in China. According to officials from Lotte [...]
SEOUL, Jan. 20 (Korea Bizwire) – A series of new shipbuilding orders in recent weeks have raised hopes of recovery in South Korea’s troubled shipbuilding industry, boosted by rising oil prices and a global supply shortage of new ships. Samsung Heavy Industries Co. said this week that it had won a US$230 million deal to [...]
SEOUL, Jan. 20 (Korea Bizwire) – Shares of entertainment and media content company CJ E&M have been flying high, about the only gainer in the industry hit by China’s move to restrict imports of South Korea’s cultural material, market data showed Friday. The company’s stock, listed in the secondary market KOSDAQ, closed at 87,200 won [...]
SEOUL, Jan. 19 (Korea Bizwire) – A team of cosmetic surgeons from Seoul National University Hospital announced Thursday that it has developed a microchip modeled after human skin. The chip is about 1 centimeter in diameter, and includes the epidermis (outer skin layer) and the derma (inner skin layer). It was developed by growing human [...]