YEONGYANG COUNTY, March 19 (Korea Bizwire) — Last November, the South Korean Ministry of Environment put out an announcement stating its intention to acquire 50 adult dung beetles for the price of 50 million won, the reason being the suspected extinction of these insects in South Korea. Along with the purchased dung beetles, a newly [...]
PYEONGCHANG, March 19 (Korea Bizwire) — The Olympic festival for the physically challenged that was the PyeongChang 2018 Paralympics had its closing ceremony on March 18. The background from which the Paralympics came into being is closely tied to the military during World War II. Initially intended as a means of rehabilitation for soldiers with [...]
PYEONGTAEK, March 19 (Korea Bizwire) — Comparing themselves to working cows, 150 fired employees of Ssangyong Motor and civic group members in the city of Pyeongtaek pushed and pulled ten of the South Korean automaker’s vehicles on the road as part of a rally calling for the reinstatement of fired workers. The rally, which consisted [...]
SEOUL, March 19 (Korea Bizwire) — CJ Logistics Corp. said Sunday it has signed a partnership deal with FESCO, a Russian transportation and logistics firm. The preliminary deal is expected to allow the logistics arm of South Korea’s food and entertainment conglomerate CJ Group to do business using Russia’s Trans-Siberian Railway, which will reduce costs [...]
SEOUL, March 19 (Korea Bizwire) — South Korea is pushing to commercialize 10-gigabit (Gb) transfer speeds for its online network systems, which is 10 times faster than Giga Internet, the fastest broadband service currently available, the ICT ministry said Sunday. The Ministry of Science and ICT said it will work closely with local IT firms [...]
SEOUL, March 16 (Korea Bizwire) — Ever since female prosecutor Seo Ji-hyeon appeared on TV and accused a former senior official in the prosecution service of having touched her inappropriately, the floodgates have opened, unleashing a seemingly endless stream of sexual harassment allegations. With the vast majority of the alleged victims of sexual harassment being [...]
SEOUL, March 16 (Korea Bizwire) — South Korean exports ranging from entertainment and sports to alcohol are finding success in Vietnam. Recent media reports stated that “Go Go Sisters”, a Vietnamese adaptation of the 2011 South Korean coming-of-age blockbuster “Sunny”, took pole position at Vietnam’s box office in the first weekend after its release. In [...]
SEOUL, March 16 (Korea Bizwire) — LG Electronics Inc. said Friday that its board of directors decided to keep incumbent CEO Jo Seong-jin in his post for another three years. Jo, who became the company’s CEO in 2016, came under the spotlight as he became the leader of South Korea’s No. 2 tech giant while [...]
SEOUL, March 16 (Korea Bizwire) — Major South Korean steelmaker Dongkuk Steel Mill Co. is in talks with its U.S. customers to discuss ways to cope with America’s heavy tariffs on steel imports, the company head said Friday. Earlier this month, U.S. President Donald Trump signed off on an executive order to impose 25 percent [...]
SEOUL, March 16 (Korea Bizwire) — South Korea will continue its efforts to tackle climate change utilizing cutting-edge technologies and is willing to fund climate change-battling projects for developing countries, a senior government official said Friday. In a meeting with Frank Rijsberman, director-general of the Global Green Growth Institute (GGGI), Deputy Finance Minister Ko Hyung-kwon [...]