GIMHAE, April 3 (Korea Bizwire) — In a neighborhood in the southeastern city of Gimhae, the local community welfare center has begun collecting anonymously written submissions as a means of discovering households in need of assistance. As part of an initiative that kicked off earlier this year, the notes, letters and cards are deposited in [...]
SEOUL, April 4 (Korea Bizwire) — Private equity firm IMM PE will fuel Socar’s expansion with a 60 billion won investment, South Korea’s leading car sharing service announced yesterday. Sources with knowledge of the deal say IMM PE is betting on Socar’s potential for continued growth as well as its finding success in the future [...]
PARIS, April 4 (Korea Bizwire) — South Korean movie theater chain CJ CGV has opened its 500th 4DX theater at a cinema operated by French counterpart Pathé located in Thiais, a commune in the Parisian suburbs. Developed by CJ CGV’s subsidiary CJ 4DPLEX, theaters with 4DX technology support physical stimuli such as moving seats, wind, [...]
SEOUL, April 4 (Korea Bizwire) — While factors like aging, environmental change and elevated levels of fine dust are driving up the risk of contracting illness, the fiscal burden of receiving healthcare is also continuing to rise with new medical technology and equipment being used in medical treatment. This represents a real dilemma for households [...]
SEOUL, April 3 (Korea Bizwire) — School security, or the lack thereof, is the lingering topic of discussion in the aftermath of a hostage incident that took place yesterday at an elementary school located in the Seocho District of Seoul. According to the accounts provided by the police and the school administration, the hostage-taker, identified [...]
SEOUL, April 3 (Korea Bizwire) — Sales of South Korea’s major chicken franchises rose in 2017 from the previous year amid a growing number of affiliated outlets going out of business due to intense competition, industry sources said Tuesday. Fried chicken and beer, called “chimaek” in South Korea, is one of the most popular foods [...]
PYONGYANG/SEOUL, April 3 (Korea Bizwire) — South Korean musicians will hold their second and last performance in Pyongyang on Tuesday, this time jointly with North Korean artists, amid thawing tension on the Korean Peninsula. The 160-member troupe will start the two-hour-long concert titled “Spring Comes” at 3:30 p.m. (South Korean time), about an hour earlier [...]
SEOUL, April 3 (Korea Bizwire) — Google is the most used Internet search engine in North Korea, with usage of software systems designed to search for information on the World Wide Web being very much limited in the country, Radio Free Asia reported Tuesday. Citing statistics from the Irish web analytics company StatCounter, the U.S.-funded [...]
SEOUL, April 3 (Korea Bizwire) — Hyundai Engineering & Construction Co., one of South Korea’s leading builders, said Tuesday that it has won a US$540 million order to build a power plant in Uzbekistan. Hyundai E&C said it received a letter of award from JSC Uzbekenergo on Monday for a project to build a 450 [...]
SEOUL, April 3 (Korea Bizwire) — The amount of payments made electronically hit a fresh record high last year amid a growing trend of South Koreans using the Internet and mobile devices to carry out their financial transactions, central bank data showed Tuesday. The daily average for electronic financial transactions came to 468.8 billion won [...]