SEOUL, March 7 (Korea Bizwire) – Incheon International Airport, South Korea’s main gateway, was named the world’s best airport for a record 12th consecutive year in a survey conducted by a trade association of airports, its operator said Tuesday. Incheon airport scored 4.99 points out of a possible 5.00 to rank as the best airport [...]
BUSAN, March 7 (Korea Bizwire) – The Busan Fisheries Resources Research Institute released 100,000 salmon fry Tuesday at Ilgwang Stream in northern Busan. As part of its restoration project to establish an eco-friendly ecological stream, while at the same time enhancing the region’s marine resources, the institute has released over 1 million salmon fry into [...]
SEOUL, March 7 (Korea Bizwire) – Using wearable devices during surgical operations is not yet a popular practice among South Korean doctors, but a team of local neurosurgeons recently proved the practicality of these devices in real-life operations, suggesting that they may possibly replace existing medical equipment in the near future. The team, led by [...]
SEOUL, March 7 (Korea Bizwire) – Adding to Lotte’s recent misery in its business operations in China, the South Korean retail giant has recently been the target of fake news on Chinese online communities that promoted anti-Lotte and anti-Korean sentiment. According to sources from China, an alleged interview with Lotte Group Chairman Shin Dong-bin went [...]
SEOUL, March 7 (Korea Bizwire) – After months of political scandals that have left the nation much divided, political stability is now of great importance to South Koreans. According to Nielsen’s latest report on consumer confidence, “economy” was the biggest concern for 33 percent of Korean consumers in the previous quarter (Q4 2016), followed by [...]
SEOUL, March 7 (Korea Bizwire) – The United States has begun the process of deploying an advanced missile defense system known as THAAD to South Korea to better counter growing threats by North Korea, the U.S. and South Korean militaries said Tuesday. South Korean military officials said the deployment could be completed within one or [...]
SEOUL, March 7 (Korea Bizwire) – Nearly one in four prisoners at North Korea’s labor camps die of disease while in confinement, a Seoul-based think tank said in a report released Tuesday. The report by the Asan Institute for Policy Studies said that the fatality rate at North Korea’s political prisons is estimated at close [...]
SEOUL, March 7 (Korea Bizwire) – The South Korean government and ruling party agreed Tuesday to “actively” consider filing a complaint with the World Trade Organization (WTO) over China’s escalating economic retaliation against the planned deployment of a U.S. missile defense system to the peninsula. The move came after the Chinese authorities reportedly directed local [...]
SEOUL, March 7 (Korea Bizwire) – The Genesis, a separate premium brand of South Korea’s top automaker Hyundai Motor Co., has won this year’s best brand ranking among local cars for the first time, a survey said Tuesday. Brandstock, a South Korean market research firm that determines the rankings of local brands, said in its [...]
SEOUL, March 7 (Korea Bizwire) – The issuance of asset-backed securities (ABS) in South Korea tumbled nearly 27 percent in 2016 from a year earlier as the local property market remained sluggish, data showed Tuesday. The amount of ABS issues totaled 60.7 trillion won (US$52.6 billion) last year, down 26.8 percent from the previous year, [...]