SEOUL, Feb. 28 (Korea Bizwire) – Samsung Group, South Korea’s top conglomerate, has decided to abolish its groupwide employment of new workers as part of reform measures following its involvement in a high-profile corruption scandal, officials said Tuesday. The decision follows Samsung’s move to dismantle the group’s key future strategy office, which has been responsible [...]
SEOUL, Feb. 27 (Korea Bizwire) – South Korea’s Lotte Group approved a planned land swap with the military on Monday, paving the way for the installation of an advanced U.S. missile defense system between May and July as scheduled, the defense ministry said. “We have received a notice from Lotte Group that the company has [...]
SEJONG, Feb. 27 (Korea Bizwire) – A state-run institute on chemical safety said Monday it has taken a set of measures to secure state-of-the-art equipment for effectively dealing with chemical accidents and chemical terrorism at the 2018 PyeongChang Winter Olympics and other major sports events. The measures came on the heels of the revelation that [...]
SEOUL, Feb. 27 (Korea Bizwire) – While auctions have become more accessible to the general public with their growing popularity online, men in their 30s have emerged as big spenders driving the growth of Korea’s online auction market. According to the latest data from Seoul Auction Blue, a local online auction firm, 30-something men currently [...]
SEOUL, Feb. 27 (Korea Bizwire) – The local unit of a popular U.S. burger maker has stood atop in global sales, only seven months after its launch in Seoul on the back of swelling demand from local customers, the company said Monday. The Gangnam branch of Shake Shack Burger, located in the posh namesake district [...]
SEONGNAM, South Korea, Feb. 27 (Korea Bizwire) – Seongnam’s Moran Market is finally making a move away from dog meat distribution, which has long given the traditional market a bad name for animal cruelty. According to the city government and the Moran Market vendors’ association, 15 of 22 vendors selling dog meat are beginning a [...]
SEJONG, Feb. 27 (Korea Bizwire) – Among this month’s three “new architectural technologies” chosen by the Ministry of Land, Infrastructure and Transport was a restroom design that can function as a shelter in case of fire. In the new design, a water barrier is created at the restroom’s entrance by sprinklers during an emergency, preventing [...]
GOYANG, South Korea, Feb. 27 (Korea Bizwire) – Hyundai Motor Company unveiled its Ioniq plug-in hybrid electric vehicle (PHEV) Monday, completing its trio of Ioniq vehicles. The Ioniq Hybrid was introduced in January of last year, and the Ioniq Electric followed two months later. The new PHEV model uses both an internal combustion engine and [...]
SEOUL, Feb. 27 (Korea Bizwire) – Lee Kun-hee, the ailing chief of South Korea’s top conglomerate Samsung Group, again topped the ranking of dividend income earners, data showed Monday. Dividend payouts to Lee, chairman of the group’s flagship Samsung Electronics Co., stood at 189.9 billion won (US$167.6 million) so far this year, according to the [...]
SEOUL, Feb. 27 (Korea Bizwire) – Unionized workers at South Korean shipbuilder Hyundai Heavy Industries Co. staged a strike for the third consecutive workday Monday, opposing the firm’s decision to split the ailing company. The labor union said it has called on its 14,000 workers to stage an eight-hour sit-down starting at 8:00 a.m., continuing [...]