SEOUL, Dec. 29 (Korea Bizwire) – South Korea’s Ministry of Foreign Affairs called in a Japanese Embassy minister Thursday to protest the Japanese defense minister’s visit to the Yasukuni Shrine, a controversial temple where war criminals from World War II are enshrined. The director-general of the ministry’s Northeast Asia Affairs Bureau, Chung Byung-won, officially lodged [...]
SEOUL, Dec. 29 (Korea Bizwire) – North Korean leader Kim Jong-un attended a performance by the country’s all-female music group, the Moranbong Band, reported the Korean Central Television Thursday. The show was arranged for the participants of the conference of chairpersons of ruling party primary committees, and, according to sources, it was the first time [...]
SEOUL, Dec. 29 (Korea Bizwire) – A college student once caused nationwide controversy when she said on a TV show that short men are “losers”, and “men should at least be 180cm (5’11”) tall.” Living as a Korean man can be tough. There are more than a few expectations to live up to, especially from [...]
SEOUL, Dec. 29 (Korea Bizwire) – “Daeri unjeon” literally translates into replacement drivers. It’s a popular service here that provides drivers for car owners unable to take the wheel after rounds of heavy drinking. According to a recent study by the Korea Institute for Industrial Economics & Trade, the number of chauffeur service operators currently [...]
SEOUL, Dec. 29 (Korea Bizwire) – In a rare event hosted by the United States Forces Korea, four North Korean defectors shared their stories with the members of the 6th Battalion 52nd Air Defense Artillery Regiment on December 2 at Suwon Air Base, reported American military newspaper Stars and Stripes. Among the defectors were Ken [...]
SEOUL, Dec. 29 (Korea Bizwire) – South Korea said Thursday it will revise regulations on the capital market in a bid to foster mega-sized investment banks (IBs) here modeled after Goldman Sachs. The Financial Services Commission (FSC) notified the public of the revision plan in which local brokerages with a huge capital base will be [...]
SHENYANG, China, Dec. 29 (Korea Bizwire) – North Korea has featured a flight crew of its flag carrier Air Koryo in a 2017 calendar of the communist country, obtained Thursday by Yonhap News Agency, in what is seen as an unprecedented move to revitalize its tourism industry amid international sanctions imposed over its nuclear and [...]
SEOUL, Dec. 29 (Korea Bizwire) – The government said Wednesday that it plans to spend 4.22 trillion won (US$3.48 billion) to upgrade seaport facilities and strengthen logistics functions on the country’s southern resort island of Jeju and the eastern port city of Donghae. According to the Ministry of Ocean and Fisheries, a total of 2.45 [...]
SEOUL, Dec. 29 (Korea Bizwire) – Mobile stock trading in South Korea has soared more than 30 percent in 2016 from a year ago, helped mainly by brokerages’ stepped-up marketing for smartphone users, data showed Thursday. According to the data by the Korea Exchange, a daily average of 250.5 million shares were traded via the [...]
SEOUL, Dec. 29 (Korea Bizwire) – South Korea’s largest automaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. will seek to greatly boost their combined sales in China next year with various new models that will include SUVs, informed sources said Thursday. According to the sources, who spoke on condition of anonymity, the [...]