SEOUL, March 20 (Korea Bizwire) – Diesel cars are locked in a tight race with gasoline-powered models for a bigger slice of South Korea’s imported vehicle market as diesel cars increasingly lose favor with local motorists following “dieselgate” in 2015, data showed Monday. According to the industry data, 8,058 imported gasoline cars were sold in [...]
SEOUL, March 19 (Korea Bizwire) – Nearly 7 out of 10 companies with more than five employees have adopted a “wage peak” or incentive payment systems since the introduction of legislation to extend the retirement age to 60 in 2013, a survey showed Sunday. The government has pursued the wage peak system in which employees [...]
SEOUL, March 19 (Korea Bizwire) – North Korea’s state radio station resumed broadcasting mysterious numbers Sunday after a nine-day hiatus that could be some kind of coded message to its agents operating in South Korea. The message began just after midnight (Seoul time), at 12:15 a.m., by the North’s propaganda station Radio Pyongyang. It lasted [...]
SEOUL, March 19 (Korea Bizwire) – A groundbreaking ceremony has been held in a Turkish seaport for the construction of the world’s longest suspension bridge by an international consortium led by South Korean builder SK E&C, industry sources said Sunday. The ceremony took place on Saturday in Canakkale, Turkey, to coincide with the 60th anniversary [...]
SEOUL, March 19 (Korea Bizwire) – South Korea’s tourism needs to revamp itself to reduce its dependency on China and grow into an industry that creates more added value, experts said Sunday, amid rising tension with the neighboring country over the deployment of a U.S. anti-missile system. Local tourism is expected to suffer a major [...]
SEOUL, March 17 (Korea Bizwire) – Solji, a member of K-pop girl group EXID, announced this week that she would not be participating in the band’s upcoming album, as she is still struggling to recover from the hyperthyroidism she was diagnosed with last December. Although her hormone levels have returned to normal, she is still receiving [...]
SEOUL, March 17 (Korea Bizwire) – South Korea’s agency handling trade remedies said Friday that it has decided to extend the current anti-dumping tariffs imposed on some foreign stainless steel products by three additional years. The Korea Trade Commission said it will ask the finance ministry to continue to slap anti-dumping tariffs of 3.56 to [...]
SEOUL, March 17 (Korea Bizwire) – A female killer whale and calf have been recently spotted in waters off the southeastern coast of South Korea, a local research institute said Friday. The pair was seen in waters off Uljin, North Gyeongsang Province, Wednesday, a spokesman for the National Institute of Fisheries Science said. The last [...]
SEOUL, March 17 (Korea Bizwire) – South Korea’s three major parties excluding the biggest Democratic Party are seeking to revise the Constitution to adopt a four-year, two-term presidency while shortening the next president’s tenure to three years. The Korean president currently serves a single, five-year term. Earlier this week, the Liberty Korea Party, the People’s [...]
JINJU, South Korea, March 17 (Korea Bizwire) – The Foundation of Agricultural Technology Commercialization & Transfer (FACT) is testing a self-developed shipping container maintenance technology that allows for the export of fresh agricultural produce via container ships. According to officials, 614 kilograms of strawberries from Jinju, South Gyeongsang Province, are being shipped off to Singapore [...]