SEOUL, March 15 (Korea Bizwire) – South Koreans’ trust in society has worsened over the past decade, and they are highly discontent with the level of the country’s social unity, a report said Wednesday. The report, based on a survey of 3,667 adults taken in June and July last year, showed that South Koreans rated [...]
SEOUL, March 15 (Korea Bizwire) – Creditors of Daewoo Shipbuilding & Marine Engineering Co. are looking at an option to map out another rescue package worth up to 3 trillion won (US$2.6 billion) for the cash-strapped shipbuilder, as the company is feared to face a deepening liquidity shortage amid a plunge in new orders, industry [...]
SEOUL, March 14 (Korea Bizwire) – Another woman has been indicted on charges of a false sexual assault accusation against singer-actor Park Yu-chun, who was mired in a series of similar allegations last year, prosecutors said Tuesday. The Seoul Central District Prosecutors’ Office said the 24-year-old defendant, identified only by her last name Song, is [...]
SEOUL, March 14 (Korea Bizwire) – Samsung Electronics Co. has been considering whether to transition into a holding company structure, regardless of the leadership vacuum caused by the detention of its de facto chief, Lee Jae-yong, a senior company executive said Tuesday. Samsung announced last November that it will review a possible switch to a [...]
SEOUL, March 14 (Korea Bizwire) – South Korean airlines said Tuesday they will reduce China-bound flights temporarily to cope with falling tourist demand after Beijing ordered its travel agencies to stop selling group tours in protest of Seoul’s installation of a U.S. anti-missile system. Local air carriers, including budget carriers, are facing difficulties after Beijing [...]
SEOUL, March 14 (Korea Bizwire) – Doosan Heavy Industries & Construction Co., South Korea’s top power equipment maker, said Tuesday that it has bagged a 300 billion-won (US$262 million) deal to upgrade an existing power plant in Indonesia. Under the deal with the state-run Indonesian PLN, Doosan Heavy and a state-run Indonesian construction firm will [...]
SEOUL, March 14 (Korea Bizwire) – U.S. President Donald Trump was the most popular leader of South Korea’s other neighboring heads of state, including Russia, China, Japan, and North Korea, although more than half of the respondents said they had no leader they were particularly keen on. According to public opinion research firm Realmeter, 56.2 [...]
CHEONGJU, South Korea, March 14 (Korea Bizwire) – Although regional educational offices leave rules regarding use of makeup at the discretion of individual elementary, middle and high schools, students are still restricted in terms of their makeup choices at many Korean schools. “Our school guidelines don’t specify the individual cosmetics products allowed or banned,” said [...]
SEOUL, March 14 (Korea Bizwire) – The fate of now former president Park Geun-hye is likely a prosecutor’s investigation and possibly an arrest warrant, or so a majority of Koreans hope. But the fate of nine Jindo dogs that Park apparently abandoned at the presidential residence Cheong Wa Dae remains uncertain. A pair of Jindo dogs [...]
SEOUL, March 14 (Korea Bizwire) – Tesla Motors is opening its first showrooms in South Korea this week after months of anticipation. The first shop is opening Wednesday at Starfield Hanam, the largest shopping mall in the country, and the second one will open on Friday in Cheongdam-dong, an affluent neighborhood in Gangnam. Officials said [...]