SEOUL, April 28 (Korea Bizwire) – Hyundai Motor Group, South Korea’s top automotive conglomerate, is betting that rising demand in emerging markets will offset sales declines in China amid a row over the deployment of an anti-missile system, corporate sources said Friday. Hyundai Motor Co. and its affiliate Kia Motors Corp. plan to launch new [...]
SEOUL, April 28 (Korea Bizwire) – South Korea will introduce a sanitation grading system for restaurants from next month, the food ministry said Friday. From May 19, restaurants can voluntarily apply to get hygiene ratings, the ministry of Food and Drug Safety said. The Korea Agency of HACCP Accreditation and Services (KAHAS) will conduct on-site [...]
SEOUL, April 28 (Korea Bizwire) – South Korea said Friday it has begun the construction of another large-scale amphibious landing ship to be used by the country’s Navy. A keel-laying ceremony for the 14,500-ton vessel will be held later in the day at the shipyard of Hanjin Heavy Industries & Construction Co. in Busan, according [...]
SEOUL, April 28 (Korea Bizwire) – Profits at top foreign luxury brands in South Korea stagnated last year, with some labels unable to come out of the red, industry data showed Friday. According to the data provided by the e-disclosure site of the regulator Financial Supervisory Service, last year’s operational profits at Ferragamo Korea shed [...]
SEOUL, April 28 (Korea Bizwire) – South Korea’s most-viewed cable TV series “Guardian: The Lonely and Great God” has won five awards from an annual drama awards hosted by an American online Asian drama-streaming site. The drama’s star Gong Yoo received best actor of 2016 in the fifth DramaFever Awards announced on its website on [...]
SEOUL, April 28 (Korea Bizwire) – The three-year-old free trade agreement with Vietnam will allow South Korean companies to further increase their auto, steel and petrochemical exports on tax removal or cuts, customs experts said Thursday. In a seminar held at the Korea Chamber of Commerce and Industry (KCCI) in central Seoul, customs experts called [...]
SEOUL, April 27 (Korea Bizwire) – A research team from the Daegu Research Center (Korea Institute of Machinery & Materials) has developed a highly advanced robotic ankle with what could be the world’s highest levels of torque. According to Dr. Woo Hyun-soo, announcing the technology on Wednesday at the Gwacheon government complex, the device weighs [...]
SEOUL, April 27 (Korea Bizwire) – Recent data from the Seoul Metropolitan Council has revealed that the losses incurred by offering free rides to the elderly (65 and above) – one of welfare initiatives in the Seoul metropolitan area – amounted to 275.7 billion won ($244.2 million) in 2016, up from 200.9 billion won in [...]
JEJU ISLAND, South Korea, April 27 (Korea Bizwire) – A statue erected Wednesday in the city of Seogwipo on Jeju island, or “Island of Peace,” commemorates victims of the Vietnam War, namely women and children killed by South Korean troops who fought on side of South Vietnam. The monument was named “Vietnamese Pieta,” and depicts [...]
SEJONG, South Korea, April 27 (Korea Bizwire) – A female fennec fox, captured while being smuggled into South Korea back in 2014, gave birth to three more cubs last month, announced the National Institute of Ecology on Wednesday. A total of 17 fennec foxes from Sudan were detected by Incheon customs authorities in April 2014 [...]