SEOUL, May 17 (Korea Bizwire) – Exports of South Korean TV programs and other broadcast content at international media trade fairs amounted to $51 million, the latest government data shows. According to the Ministry of Culture, Sports and Tourism, and the Korea Creative Content Agency, local content providers inked export contracts worth $37.7 million during [...]
SEOUL, May 17 (Korea Bizwire) – Citizens have been taken aback by the horrific sight of a 17-meter-high, 100-meter-long array of worn out shoes that has been undergoing construction in front of Seoul Station over the past couple of days. As it turns out, the three-ton “installation art” was being arranged to celebrate the completion [...]
SEOUL, May 17 (Korea Bizwire) – Some 60 percent of public organizations did not choose any high school graduates when hiring new regular employees last year, data showed Wednesday, backtracking on a policy drive advocated by previous governments. State agencies and their affiliated organizations hired 21,016 new regular workers last year, of which 9.3 percent, [...]
SEOUL, May 17 (Korea Bizwire) – Hyundai Motor Co. and Kia Motors Corp., South Korea’s two biggest carmakers, said Wednesday they have sold more plug-in hybrid electric vehicles (PHEVs) in overseas markets this year due to good consumer demand for the latest green cars. In the January-April period, Hyundai and its sister company Kia exported [...]
SEOUL, May 17 (Korea Bizwire) – Cash-strapped Daewoo Shipbuilding & Marine Engineering Co., a major shipyard here, is set to receive 500 billion won (US$448 million) in fresh loans from its creditors later this month, industry sources said Wednesday. The financial aid, part of the second bailout fund drawn up by its creditors, will be [...]
SEOUL, May 17 (Korea Bizwire) – Foreign ownership of stocks traded on South Korea’s secondary stock market has reached a fresh high on expectations the country’s new government may take steps to boost smaller firms, data showed Tuesday. As of Thursday, offshore investors held 23.3 trillion won (US$20.8 billion) worth of shares traded on the [...]
SEOUL, May 17 (Korea Bizwire) – The number of South Koreans with high blood pressure topped the 7.5 million mark last year, data showed Tuesday, According to the data by the Health Insurance Review and Assessment Service, a total of 7.52 million people either visited hospitals for hypertension or received medical aid for the condition [...]
SEOUL, May 16 (Korea Bizwire) – In 2009, Samsung Electronics introduced a “Master” program to help the company’s top researchers to make focused progress in their respective fields, and the initiative is now being adopted by other Samsung affiliates. Prior to the program, senior researchers would have to take on general management roles when they [...]
SEOUL, May 16 (Korea Bizwire) – Shin Joong-hyun, a South Korean rock legend, became the first Korean musician to receive an honorary doctorate from the Berklee College of Music, alongside industry pioneers Lionel Richie, Lucinda Williams, Neil Portnow and Todd Rundgren, announced the school on Monday. The degrees were presented at a commencement ceremony at [...]
SEOUL, May 16 (Korea Bizwire) – News reports of IP camera hacking incidents emerged in April, with dozens of videos that appear to be from home security cameras found circulating around Chinese adult content websites. Although most of the videos appear to be of Chinese nationals, some included Korean women. And the footage revealed the [...]