SEOUL, Dec. 13 (Korea Bizwire) – Spanish footballer David Villa visited Korea for the launch of a football academy that will serve as a platform to help young children develop personal values through football. “My life has been all about football,” Villa said at a press conference in Seoul on Tuesday announcing the launch of [...]
ULSAN, Dec. 13 (Korea Bizwire) – An explosion at a military base in this southern South Korean city Tuesday injured more than 20 soldiers, authorities said. The blast of unknown cause took place at around 11:50 a.m. at a training camp for reservists in Ulsan, some 410 kilometers southeast of Seoul, according to the authorities. [...]
SEOUL, Dec. 13 (Korea Bizwire) – KT Corp., a South Korean broadband Internet and mobile carrier, said Tuesday that it will complete building a network for the fifth-generation network (5G) by September to provide a trial service of the technology at the 2018 Winter Olympics. Under the plan, KT will install the network in PyeongChang, [...]
SEOUL, Dec. 13 (Korea Bizwire) – An accounting firm assessing the viability of cash-strapped Hanjin Shipping Co. on Tuesday reported to a local court that the liquidation of the troubled shipper is “more economical,” rather than continuing its rehabilitation scheme. Hanjin Shipping, once the country’s leading shipping company, was put under court receivership in September, [...]
GOCHANG, South Korea, Dec. 13 (Korea Bizwire) – The Korean peninsula boasts the world’s largest concentration of dolmens – megalithic tombs often in the form of two or more vertical stones supporting a horizontal capstone. The megalithic culture is believed to have emerged on the peninsula in the Neolithic age, and flourished into the Bronze [...]
SEOUL, Dec. 13 (Korea Bizwire) – The ubiquitous use of smartphones has given rise to a new generation of kindergarten and elementary school children picking up the devices at an early age to discover the world they have yet to see. This emerging trend has brought about new children’s TV shows that are being introduced [...]
SEOUL, Dec. 13 (Korea Bizwire) – Leading South Korean automakers Hyundai Motor Company and Kia Motors have taken another step towards commercializing self-driving vehicles. With the memorandum of understanding signed Monday between Hyundai Motor Company, Kia Motors and the city of Hwaseong, the two companies will be able to test vehicles equipped with V2X (or [...]
SEOUL, Dec. 13 (Korea Bizwire) – The board of directors at seven major commercial banks decided Monday to implement a performance-based pay system – a controversial wage system introduced under the troubled Park Geun-hye administration. The seven institutions are Woori Bank, Shinhan Bank, KB KookminBank, KEB Hana Bank, SC Cheil Bank, and Citibank. Officials have [...]
SEOUL, Dec. 13 (Korea Bizwire) – South Korea quarantine officials have slaughtered more than 9.81 million poultry this winter, an official said Tuesday, the latest in a series of efforts to contain a bird flu that has ravaged chicken farms across the country. They also plan to kill an additional 2.53 million chickens and ducks [...]
SEOUL, Dec. 13 (Korea Bizwire) – Samsung Group appears to be in a quandary over when to conduct a leadership shakeup amid a nation-rocking political scandal, which has also forced the country’s top conglomerate to delay a couple of year-end events, sources said Tuesday. Samsung has indefinitely postponed its annual management reshuffle, which used to [...]