SEJONG, March 30 (Korea Bizwire) – South Korea will invest a combined 260 billion won (US$233.1 million) in the system semiconductor sector to develop core technologies and foster experts in the coming four to six years as part of a broader effort to keep up with the fourth industrial revolution, the government said Thursday. The [...]
SEOUL, March 30 (Korea Bizwire) – A Seoul court held a hearing Thursday to decide whether to issue an arrest warrant for former President Park Geun-hye over a string of corruption allegations that removed her from office. The former president appeared at the Seoul Central District Court at around 10:20 a.m. to attend the review [...]
SEOUL, March 30 (Korea Bizwire) – The Internet bank of Kakao Corp., South Korea’s dominant chat app, is expected to win a final regulatory approval early next month, an industry source said Thursday, clearing the final hurdle for Kakao to launch the nation’s second Internet bank. The Financial Services Commission (FSC) will hold a meeting [...]
SEOUL, March 29 (Korea Bizwire) – Global auto parts companies will participate in the Seoul Motor Show to promote their products and expand business ties with their South Korean counterparts, the exhibition’s organizing committee said Wednesday. Auto parts makers from Germany, Mexico, Columbia, Israel and the Czech Republic will join the biennial motor show in [...]
SEOUL, March 29 (Korea Bizwire) – The South Korean currency is expected to strengthen further against the U.S. dollar for the time being on the Fed’s confirmation of its tight monetary policy and other factors, analysts said Wednesday. With the greenback remaining weak against major Asian monetary units, the local currency is highly likely to [...]
JEONJU, South Korea, March 29 (Korea Bizwire) – Making further progress to market its ambitious fusion sport, the South Korean city of Jeonju will begin sales of “drone soccer balls” starting in April. The idea was first announced in September of last year when city officials said they would present a new sport dubbed ‘drone [...]
SEOUL, March 29 (Korea Bizwire) – The Park Geun-hye administration’s rule, which collapsed with its leader’s impeachment, was not the best of times for CJ, a major food and media conglomerate in South Korea. A year and half after President Park took office in 2013, CJ Vice Chairwoman Lee Mi-kyung (who was the de facto [...]
SEOUL, March 29 (Korea Bizwire) – A recent study conducted by the Korean Academy of Child and Adolescent Psychiatry revealed that adults suffering from Attention Deficit Hyperactivity Disorder, more commonly known as ADHD, are often vulnerable to other mental conditions such as depression, panic disorder, anxiety, and alcoholism. Announcing its results during a press conference [...]
SEOUL, March 29 (Korea Bizwire) – A circus production inspired by Salvador Dali’s surrealistic painting Mad Tristan will be showcased in Korea from April 27 to 30 at the LG Arts Center in Seoul. The production, dubbed La Verita, is a collaboration of theater, dance, music, arts, and acrobatics with Dali’s painting as its backdrop. [...]
SEOUL, March 29 (Yonhap) – In an unusually tough anti-smoking move, one of Seoul’s main boulevards will be declared a no-smoking zone and violators will face fines, officials said Wednesday. Seoul’s Seocho-gu Ward Office said Gangnam-daero, a 5-kilometer-long major boulevard that cuts through the busy commercial district of Gangnam in southern Seoul, and its sidewalks [...]