BUSAN, March 9 (Korea Bizwire) – A 580-meter, 40-car freight train arrived at Busanshinhang Station Wednesday at 11:28.a.m, after departing Obong Station in Gyeonggi Province at 6:20 a.m. Although the length was not as impressive as freight trains in the U.S., which can stretch over a mile in length, freight trains here typically carry 30 [...]
CHEONGJU, South Korea, March 9 (Korea Bizwire) – An underground facility 18 meters long, 5 meters wide, and 2 meters high was discovered this Tuesday during construction work at Juseong Middle School in Cheongju. The small tunnel had a passageway in the center for one or two people to walk through, and ten arch-formed storage [...]
SEOUL, March 9 (Korea Bizwire) – Samsung Electronics Co. has been considering building a new plant in the United States in line with its “mid to long-term base strategy,” a senior executive said Thursday. Seo Byung-sam, vice president of Samsung’s home appliance unit, made the remarks at a meeting with reporters in Seoul, after the [...]
SEOUL, March 9 (Korea Bizwire) – SM Group, a medium-sized shipping group in South Korea, is set to be picked as the preferred bidder for STX Corp. this week, industry sources said Thursday. According to the sources, SM Group and three others made offers earlier this week to buy the cash-strapped STX, an affiliate of [...]
SEOUL, March 9 (Korea Bizwire) – Chinese tourists are canceling hotel reservations following Beijing’s decision to ban sales of tour packages in retaliation for South Korea’s deployment of an advanced U.S. missile defense system on its soil, industry sources said Thursday. Ibis Budget Ambassador, located in a busy shopping district of Dongdaemun in Seoul, said [...]
SEOUL, March 9 (Korea Bizwire) – The net income of South Korea’s real estate trust companies hit an all-time high last year, with interest rates staying low and newly built apartments selling like hotcakes, data showed Thursday. Eleven such firms here reported combined net profits of 393.3 billion won (US$343 million) last year, up 77 [...]
WIESENT, Germany, March 8 (Korea Bizwire) – A statue of a girl symbolizing victims who were sexually enslaved by Japanese troops during its occupation of the Korean Peninsula (1910-45) was erected in Germany’s southeastern municipality of Wiesent on Wednesday. The erection ceremony of the “comfort women” statue was held at the Nepal Himalaya Pavillon, a [...]
SEOUL, March 8 (Korea Bizwire) – Lotte Group said Wednesday more than half of its hypermarket chains operating in China have been forced to shut down temporarily, adding to woes that Beijing’s reprisal against Seoul over the deployment of an advanced U.S. missile defense system is intensifying. The number of Lotte Mart stores facing business [...]
PAJU, South Korea, March 8 (Korea Bizwire) – A park for mixed-race Korean adoptees sent abroad in the years after the 1950-53 Korean War will be built inside a former U.S. military base on the outskirts of Seoul, officials said Wednesday. The park named “Mother’s bosom” in Korean will be constructed in Paju, some 30 [...]
SEOUL, March 8 (Korea Bizwire) – South Korea’s government offices will now be asked to ensure their employees get at least nine hours of rest after work under the government’s new initiative to help improve the health of civil servants, officials said Wednesday. Social media and phone communications with government employees during off-duty hours will [...]