SEOUL, March 27 (Korea Bizwire) –Singapore has nullified work permits for all North Koreans in the country in line with the latest U.N. sanctions over its weapons programs, according to the sanctions committee. “Singapore has revoked the work passes of all nationals of the Democratic People’s Republic of Korea earning income in Singapore and will [...]
SEOUL, March 27 (Korea Bizwire) — Overseas branches of South Korean banks saw their combined net profit rise 23.9 percent on-year to US$807 million in 2017, thanks to a decline in loan-loss provisions, government data showed Tuesday. The total accounted for 7.7 percent of the combined net profit of banks operating in South Korea last [...]
SEOUL, March 27 (Korea Bizwire) — South Korean hypermarket Homeplus said Tuesday it will push to join a European distribution network in a move to ensure customers have access to quality goods at lower prices. The second-largest retailer in South Korea has already worked with the European distribution network whose combined annual sales are worth [...]
SEOUL, March 26 (Korea Bizwire) — Going on research that states that couples are more likely to have a second child when male spouses spend more time on housework and childrearing, Seocho District announced that it is working on passing a local ordinance that would entice fathers living within the district to take paternity leave [...]
UIJEONGBU, March 26 (Korea Bizwire) — Ever since South Korea’s “Team Kim” became the darlings of the PyeongChang 2018 Winter Olympics with a surprise silver medal in women’s curling, the sport originating from Scotland has experienced a surge in local popularity. Those wanting to try their hand at imitating their Olympic curling heroes, can head [...]
SEOUL, March 26 (Korea Bizwire) — The foreign grandparents of a child from an international marriage will be able to stay in South Korea to see their grandchild start elementary school, as the Ministry of Justice announced on March 26 that the duration of their permitted stay will be extended. Currently, foreign grandparents are allowed [...]
SEOUL, March 26 (Korea Bizwire) — Hyundai Motor Co. is mulling whether to produce a small pickup truck in the United States to avoid high tariffs and meet growing local demand, the company said Monday. “We have not made any decision on the manufacture of a pickup truck in the U.S. but are considering whether [...]
SEOUL, March 26 (Korea Bizwire) — Nonghyup said Monday it has signed a memorandum of understanding (MOU) with its Vietnamese counterpart to increase agricultural products trade and the expansion of Nonghyup’s financial services in the Southeast Asian country. Nonghyup is South Korea’s agricultural cooperative whose key stakeholders include farms and other agricultural businesses. In addition [...]
SEOUL, March 26 (Korea Bizwire) — A fine dust onslaught choking the country continued for the third straight day Monday, with concentration levels in Seoul and the surrounding Gyeonggi Province over the weekend marking the highest-ever since measurement began in 2015, a weather agency said. On Sunday, levels hit all-time highs of 99 micrograms per [...]
SEOUL, March 26 (Korea Bizwire) — Hawaii was the most popular destination for honeymooners last year, trailed by the Thai resort island of Phuket, a travel agency said Monday. About 18.6 percent of 19,000 honeymooners, who bought group tour programs offered by Hana Tour last year, chose the U.S. resort destination, according to the biggest [...]