SEOUL, Jan. 6 (Korea Bizwire) – Skyrocketing egg prices resulting from Korea’s record bird flu outbreak are now affecting the diet of 640,000 soldiers, with egg supply plummeting in recent weeks. The National Agricultural Cooperative Federation, Nonghyup, is currently responsible for all eggs provided to the military, but had to reduce its supply by roughly [...]
SEOUL, Jan. 6 (Korea Bizwire) – Animal rights organization Tinker Bell Project announced Thursday that it had installed four “soup kitchen” shelters for stray cats around the National Assembly building in Seoul on January 4. The shelters, in the form of two-story mini-cabins, will provide a resting place for the animals to escape the cold [...]
SEOUL, Jan. 6 (Korea Bizwire) – A Seoul court on Friday sentenced a former head of Reckitt Benckiser’s local unit to seven years in prison, more than five years after the scandal over the household goods maker’s toxic humidifier sterilizers came to light. The Seoul Central District Court convicted Shin Hyun-woo, 68, of selling the [...]
SEJONG, Jan. 6 (Korea Bizwire) – The government will selectively open the fish farming business to conglomerates and set up a third management agency to guard the country’s southern waters from illegal Chinese fishing, the oceans ministry said Friday. In a policy goal report for 2017, the Ministry of Oceans and Fisheries said it will [...]
SEOUL, Jan. 6 (Korea Bizwire) – The government will work to develop what it called tailor-made tour programs that will meet the various tastes of tourists from China and other countries, the tourism ministry said Friday. The new programs to be developed will target individual tourists or small groups, according to the Ministry of Culture, [...]
SEOUL, Jan. 6 (Korea Bizwire) – The average age of workers at small and mid-sized businesses (SMEs) is rising as the younger generation seeks jobs at bigger conglomerates for better pay and stability, a survey showed Friday. A study carried out from May to September last year on 8,000 SMEs said 25.6 percent of their [...]
SEOUL, Jan. 6 (Korea Bizwire) – Samsung Electronics Co. predicted Friday that its fourth-quarter operating profit last year may have jumped about 50 percent on-year, beating market expectations as strong sales of chips and displays appeared to help offset losses from a global recall of the Galaxy Note 7 smartphones. Operating profit is estimated at [...]
SEOUL, Jan. 6 (Korea Bizwire) – South Korea will showcase a wide range of advanced technologies and products at the Consumer Electronics Show (CES) in Las Vegas, providing their Korean developers a chance to introduce their products to the rest of the world, a trade agency said Friday. The state-run Korea Trade-Investment Promotion Agency (KOTRA) [...]
LAS VEGAS, Jan. 6 (Korea Bizwire) – Samsung NEXT (formerly Samsung Global Innovation Center) today announced at CES the creation of the Samsung NEXT Fund, a $150 million venture capital investment fund, to increase Samsung’s global support of early stage startups pursuing advanced software and services innovation. The Fund enables Samsung NEXT to build upon [...]
SEOUL, Jan. 5 (Korea Bizwire) – One particular social trend finding prominence in 2016 was the “do-it-yourself” movement. In a society that places high importance on group activities, and emphasizes that everything be done “together,” the concept of dining alone, studying alone, or even drinking alone, seemed alien in the past, and these types of [...]