SEOUL, Feb. 15 (Korea Bizwire) – The first batch of 120 Kenbo 600s, a Chinese sport utility vehicle (SUV), sold out in South Korea, about one month after the vehicle debuted here, the Chinese car’s local importer said Wednesday. China-Korea Motor Co., the local importer and distributor of the Chinese vehicle, unveiled the Kenbo 600 [...]
SEOUL, Feb. 15 (Korea Bizwire) – South Korean Internet users have increasingly streamed content instead of downloading them though wireless services, government data showed Wednesday, mainly on the back of the introduction of a long-term evolution (LTE) service based on fourth-generation (4G) wireless technology. Internet traffic from video streaming services and video-on-demand (VOD), such as [...]
SEOUL, Feb. 15 (Korea Bizwire) – One out of four employees in South Korea’s financial sector earned more than 100 million won (US$87,000) last year, a report showed Wednesday. The report submitted to the Financial Services Commission by the Korea Institute of Finance said 24.8 percent of employees at 1,389 financial firms earned more than [...]
SEOUL, Feb. 15 (Korea Bizwire) – Nearly 6 in 10 South Korean venture companies go belly-up within three years after establishment due to an insufficient investment system and difficulties finding a market, a report showed Wednesday. According to the report compiled by the Korea Chamber of Commerce and Industry (KCCI), the number of venture startups [...]
SEOUL, Feb. 14 (Korea Bizwire) – The drunk passenger that went on a verbal and physical rampage on Korean Air flight in December turned out to be just one of hundreds of examples of illicit activities taking place on commercial flights to and from Korea. Official data compiled by the Ministry of Land, Infrastructure and [...]
SEOUL, Feb. 14 (Korea Bizwire) – Three new government initiatives will make use of the latest smart devices to help improve the lives of elderly farmers and the disabled. The Ministry of Science, ICT and Future Planning and the Institute for Information & Communications Technology Promotion, in partnership with the local governments of Andong, Jeonju, [...]
ULSAN, Feb. 14 (Korea Bizwire) – One of two dolphins recently brought to Korea from Japan died Monday only five days after relocating to its new home at Ulsan’s Whale Experience Hall. According to officials, who announced the death on Tuesday, the dolphin died at 9:15 p.m. on Monday. The five-year-old dolphin left Taiji, Wakayama [...]
SEOUL, Feb. 14 (Korea Bizwire) – Tuesday’s impeachment trial for President Park Geun-hye was highlighted by a publicity stunt from a lawyer fighting on behalf of the troubled commander-in-chief. Lawyer Seo Seog-goo unfurled South Korea’s national flag as he turned around to face the courtroom audience as the trial was about to begin. He smiled, [...]
SEOUL, Feb. 14 (Korea Bizwire) – South Korea’s police said Tuesday they will send more officers to the Philippines to cope with increasing crimes against Korean nationals in the Southeast Asian country. Deputy Commissioner General Kim Guy-chan visited Manila for talks with Philippine police chief Ronald Dela Rosa to discuss a recent murder case involving [...]
SEOUL, Feb. 14 (Korea Bizwire) – Special prosecutors on Tuesday sought the arrest of the de facto leader of Samsung Group on charges of bribery in relation to impeached President Park Geun-hye, after their first attempt was rejected by a local court last month. The investigation team, led by Independent Counsel Park Young-soo, in January [...]