SEOUL, May 23 (Korea Bizwire) – Fathers are far less committed than mothers to everyday parenting, such as taking part in a child’s school events, a local study showed Monday, raising calls for the adoption of a more parents-friendly work system in the country. According to the latest research by the Korea Institute of Child [...]
SEOUL, May 22 (Korea Bizwire) – Last year, South Korea’s rental services market was estimated at 25.9 trillion won ($23.2 billion), up from 19.5 trillion won five years ago, according to the KT Economic Management Research Institute. By 2020, the market is expected to grow to a 40.1-trillion-won industry, researchers expect. The boon in the [...]
SEOUL, May 22 (Korea Bizwire) – With the global financial losses from the WannaCry ransomware attack estimated at $4 billion, according to cyber risk analysis firm Cyence, another study by Mandiant, a FireEye company, has revealed that it typically takes more than three months for businesses to acknowledge that there has been a cyberattack. Based [...]
SEOUL, May 22 (Korea Bizwire) – An increasing number of South Korean celebrities are choosing smaller, private weddings, or even keeping their marriage secret until after the ceremony. The latest surprise to fans came from actress and singer Sung Yu-ri last week, when she announced on May 15 on her official fan site that she [...]
SEOUL, May 22 (Korea Bizwire) – Seoullo 7017, the city’s ambitious urban renewal project that transformed a 40-year-old overpass near Seoul Station into an eco-friendly sky bridge, finally opened to public on Saturday amid high anticipation, and some skepticism. The project was launched in 2014 when Seoul Mayor Park Won-soon announced plans for Seoul’s own [...]
SEOUL, May 22 (Korea Bizwire) – North Korean leader Kim Jong-un has approved the deployment of a new intermediate-range ballistic missile for combat use as the country succeeded in test-firing it, Pyongyang’s state media said Monday. North Korea’s leader observed the launch of the ground-to-ground Pukguksong-2 missile, expressing satisfaction with its accuracy in hitting targets, [...]
SEOUL, May 22 (Korea Bizwire) – Samsung Display Co. said Monday it will showcase the world’s first “stretchable” panel during a U.S. tech fair slated for this week, which is expected to open a new era for the industry. The South Korean company said the stretchable OLED display is unique since it can bend in [...]
SEOUL, May 22 (Korea Bizwire) – Chinese shipbuilders have received orders from South Korean shippers to build 13 ships so far this year, while their South Korean rivals clinched deals from local shippers to build just seven ships, industry sources said Monday. According to related data, local shippers have placed orders so far this year [...]
SEOUL, May 22 (Korea Bizwire) – The United States Taekwondo Education Foundation (USTEF) plans to hold its 9th annual New York Times Square Taekwondo Festival on June 23, bringing together about 5,000 participants, including American students learning the Korean martial art, organizers said Saturday. The festival, which was begun in 2008 to promote taekwondo among [...]
BEIJING, May 22 (Korea Bizwire) – Chinese-made electronic goods and cars are completely dominating the North Korean market amid the United Nations’ years-long tough economic sanctions against its unwavering nuclear and missile development, the office of the Korea Trade-Investment Promotion Agency (KOTRA) here said Sunday. The North imported US$75.04 million worth of LCD TVs from [...]