SEOUL, March 29 (Korea Bizwire) – South Korean petrochemicals firms, led by LG Chem Ltd., are seeking to diversify their export destinations and establish more overseas production facilities, in a bid to reduce their dependence on China, industry sources said Wednesday. According to the sources, LG Chem, the country’s No. 1 player in the chemicals [...]
SEOUL, March 29 (Korea Bizwire) – South Korea’s export of cosmetics products to China jumped in the first two months of this year from a year earlier, industry data showed Wednesday, underscoring solid gains in trade despite the trade row between Beijing and Seoul over a U.S. anti-missile system. The outbound shipments of cosmetics goods [...]
SEOUL, March 29 (Korea Bizwire) – Creditors of Kumho Tire Co. are set to send a notice to the chief of Kumho Asian Group asking him to provide details for a buyback plan for the country’s No. 2 tiremaker, including the formation of a consortium to take over the business, industry sources said Wednesday. The [...]
SEOUL, March 29 (Korea Bizwire) – A South Korean state-run think tank reported Wednesday North Korea is presumed to possess about 1,000 drones, raising concerns they could be used for airborne terror attacks. North Korea is focusing on developing drones in a bid to make up for the inferiority of the country’s air forces and [...]
SEOUL, March 28 (Korea Bizwire) – Diversifying South Korea’s repertoire of visitors amid continued threats from China, the Korea Tourism Organization is planning to attract 1.2 million tourists from Muslim countries this year, up from what was roughly 980,000 in 2016. Last year’s number was a 33-percent increase from 2015. Of the visitors, 740,000 were [...]
SEOUL, March 28 (Korea Bizwire) – Recent data from the Korea Employment Information Service revealed that judges had the highest satisfaction level among 621 occupations and 19,127 employees surveyed last year. The study examined jobs using six different parameters – development potential, salary satisfaction, job sustainability, work environment, work satisfaction, and social reputation – to [...]
SEOUL, March 28 (Korea Bizwire) – Twenty student groups from 12 universities in the Seoul metropolitan area are promoting a solidarity campaign dubbed the Penguin Project to bring changes to the local campus culture that privately, and sometimes openly, discriminates against women. The campaign’s title was inspired by a French book on sexual assault and [...]
SEOUL, March 28 (Korea Bizwire) – On February 8, when two police officers rushed to a convenience store in Beomgil-dong, Busan, after an emergency call from the owner, they chuckled – A golden retriever sat calmly in front of the checkout counter wagging her tail as the store’s owner stood petrified not knowing what to [...]
SEOUL, March 28 (Korea Bizwire) – Sales of sneakers rose sharply last year from a year earlier, industry data showed Tuesday, as health-conscious people of all ages are opting to run as an easy way to exercise. Sales of sneakers posted a whopping 96 percent rise last year from the previous year, according to data [...]
SEOUL, March 28 (Korea Bizwire) – Nearly 9 in 10 unmarried South Korean men and women in their 20s and 30s think that dual-income couples should split household chores equally, a poll said Tuesday. According to the survey of 1,073 single South Koreans (536 men and 537 women) aged 20-39, 87.1 percent of the respondents [...]