SEOUL, July 27 (Korea Bizwire) – The Small and Medium Business Administration (SMBA) of South Korea announced on July 26 that last year’s angel investment – funds provided for start-up businesses – increased by 67.7 percent, exceeding 100 billion won ($88 million) for the first time since 2003. Considering the tax exemption limit law, investment profits [...]
SUWON, July 27 (Korea Bizwire) – A North Korean defector who has been living in South Korea for seven years was sentenced to one year in prison with two years of probation for trying to re-enter North Korea. Park Pan-gyu, a judge at the Suwon District Court, ruled that a 24-year-old female defector only referred to [...]
SEOUL, July 26 (Korea Bizwire) – Dog days, which refer to the three hottest days of the year in Korea, have been a controversial subject for quite some time. Animal rights advocates strongly oppose the idea of dog meat consumption and call it bizarre and disgusting, but some still look for rejuvenating or “stamina” food to [...]
SEOUL, July 26 (Korea Bizwire) – A press conference for ‘Babel 250’, a new South Korean reality TV show airing on tvN, was held at Stanford Hotel in Sangam-dong, Seoul, on July 25. When one of the cast members spoke during the press conference, their speech was first interpreted into Korean then interpreters sitting behind the [...]
INCHEON, July 26 (Korea Bizwire) – Incheon’s Subway Line 2, connecting Oryu-dong to Gajwa-dong in the western part of the city, Seo-gu (Seo District), will officially open on July 30. With a population of 500,000, Seo-gu is the largest district in Incheon, yet a lack of transportation infrastructure, particularly a railway system, has always been an [...]
DAEGU, July 26 (Korea Bizwire) – While the Daegu Chicken and Beer Festival is scheduled to kick off on July 27 in Duryu Park, Daegu’s sister city Qingdao, located in Shandong Province, China, announced on July 19 that it would not be participating in this year’s festival. A total of 70 delegations from China, including the [...]
SEOUL, July 25 (Korea Bizwire) – It has been 70 days since the Gangnam Station murder, which sparked the ongoing controversy over gender crimes in South Korea. The recent issue of a voice actress from the online game “Closer” being fired for wearing a ‘feminist’ t-shirt has started another fiery battle of the sexes on social [...]
CHUNCHEON, July 25 (Korea Bizwire) – Gangwon’s provincial government is turning the ‘right to be forgotten’ into business opportunities across its 18 cities and counties starting August. The right to be forgotten refers to the removal of any personal information posted online after a certain period of time. Netizens can now set the time when their [...]
SEOUL, July 25 (Korea Bizwire) – According to the National Health Insurance Service’s (NHIS) medical expenses report, the number of patients who were diagnosed with breast cancer in South Korea surged 36 percent from 104,293 in 2011 to 141,379 in 2015. “Early screening apparently improves the diagnosis rate of breast cancer. Even after the recurrence of [...]
SEOUL, July 25 (Korea Bizwire) – According to Kyung Hee University Medical Center’s dermatology department, of 676 patients who were treated for athlete’s foot, referred to medically as a fungal foot infection, 53.1 percent (359 patients) were male and 46.9 percent (317 patients) were female, which goes contrary to popular belief that athlete’s foot mainly affects [...]