Korea Bizwire, Author at Be Korea-savvy | Page 11 of 176
“Go! Go! Welfare Mail Box” Delivers Care to Struggling Neighbors

“Go! Go! Welfare Mail Box” Delivers Care to Struggling Neighbors

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 [...]

Car Sharing Service Socar Gets 60 Billion Won Boost from Private Equity

Car Sharing Service Socar Gets 60 Billion Won Boost from Private Equity

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 [...]

500th CGV 4DX Theater Launched in France

500th CGV 4DX Theater Launched in France

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, [...]

Two Koreas’ Art Troupes to Perform Together in Pyongyang

Two Koreas’ Art Troupes to Perform Together in Pyongyang

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 [...]

Electronic Payments Hit Record High in 2017

Electronic Payments Hit Record High in 2017

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 [...]