SEOUL, May 12 (Korea Bizwire) – Corporate analysis website CEO Score revealed in its latest report that foreign businesses are thrifty with corporate philanthropy, donating on average a mere 0.05 percent of their total sales here. Instead, 75.9 percent of their profits were paid as dividends to their head offices back home. According to the [...]
SEOUL, May 12 (Korea Bizwire) – South Koreans spent 5.6 billion minutes on Facebook last month, topping the list amongst all social media apps, according to the latest report from WiseApp. The app analytics company based its study on 23,663 Android users in the country, excluding iPhone users. Following Facebook was Naver’s Band, a mobile [...]
SEOUL, May 12 (Korea Bizwire) – The World Taekwondo Federation, led by South Korea, has extended an invitation to its North Korean counterpart, the International Taekwondo Federation, for the upcoming WTF World Taekwondo Championships expected to be held from June 24 to 30 in Muju, South Jeolla Province. According to an official from the WTF, [...]
SEOUL, May 12 (Korea Bizwire) – South Korea’s national pension fund has earned nearly 13 trillion won (US$11.5 billion) from stock investments this year thanks to the bullish stock market, data showed Friday. According to the data by market tracker FnGuide and industry sources, the value of 278 stocks, of which the National Pension Service [...]
SEOUL, May 12 (Korea Bizwire) – South Korea’s transport ministry on Friday ordered Hyundai Motor Co. and its sister company Kia Motors Corp. to recall a combined 240,000 vehicles for faulty parts. The Ministry of Land, Infrastructure and Transport made the final decision after reviewing five cases of suspected faulty parts in 12 models made [...]
SEOUL, May 12 (Korea Bizwire) – South Korea has seen a sharp gain this year in the student inflow from Taiwan and Hong Kong who came here on a school trip, amid a faltering tourism stemming from a steep decline in Chinese visitors, government data showed Friday. The cumulative number of student groups on school [...]
SEOUL, May 12 (Korea Bizwire) – Netmarble Games Corp., South Korea’s largest mobile games maker, was listed on the country’s main bourse on Friday, in what was the biggest market debut by a local game company. Netmarble Games opened trade at 165,000 won (US$146), above the top of its marketed range at 157,000 won. Its [...]
SEOUL, May 12 (Korea Bizwire) – South Korean mobile carriers’ Internet-based TV businesses have emerged as their stable source of profit on the back of an increase in the number of subscribers, data by the companies showed Friday. The country’s three mobile carriers — SK Telecom Co., KT Corp. and LG Uplus Corp. — saw [...]
SEOUL, May 11 (Korea Bizwire) – President Moon Jae-in on Wednesday promised to begin what he calls a “Gwanghwamun Presidency.” Gwanghwamun Square in central Seoul was the main stage for the candlelight protests demanding President’s Park Geun-hye’s resignation (or impeachment), gathering millions of Koreans from across the country. But even before the mass rallies, the area [...]
SEOUL, May 11 (Korea Bizwire) – The Hope Institute announced Wednesday that it is launching a board game dubbed “Go Find a Good Job” (translated), which may help young students decide on their future career path. The game is split into two parts. The first part focuses on discovering the types of jobs that individuals [...]