SEOUL, March 16 (Korea Bizwire) — Leaders of South Korea’s major business groups and economic organizations will accompany President Moon Jae-in on his visit to Vietnam and the United Arab Emirates (UAE) next week to further strengthen economic cooperation, industry sources said Friday. Moon will visit Vietnam and the UAE between March 22 and 27 [...]
SEOUL, March 16 (Korea Bizwire) — Posco Daewoo Corp., a major South Korean trading company, said Friday that it has clinched a US$60 mln order to provide a ship design and materials package to Peru’s state-run shipyard Servicios Industriales de la Marina (SIMA) for the building a multi-purpose vessel. The company said it will receive [...]
SEOUL, March 16 (Korea Bizwire) — More patients in need of a pulmonary transplant may soon breathe easier, as measures by the government are set to permit lung donations by living donors and thereby increase the supply of available transplantable lungs. Until now, lung transplantation surgery was only possible when lungs harvested from brain dead [...]
SEOUL, March 16 (Korea Bizwire) — On the rise are “twilight divorces”, a term referring to the ending of marriages by couples in their golden years, and with their increased frequency is a growing number of individuals living off income from their ex-spouse’s pension through pension splitting. Pension splitting was introduced in 1999 for divorcees [...]
SEOUL, March 16 (Korea Bizwire) — Quick, simple and easy is how a growing number of South Koreans are choosing to handle their transactions, evidenced by a recent study that revealed 51.7 percent of 2,530 adults (ages 25 – 64) use an e-payment service offered by credit card firms, retailers and internet companies such as [...]
GANGNEUNG, South Korea, March 15 (Korea Bizwire) — The organizers of the PyeongChang Winter Paralympic Games said Thursday they expect a sold-out crowd in the bronze medal ice hockey game featuring South Korea later this week. South Korea’s ice sledge hockey team will face the loser between the United States and Italy in the game [...]
SEOUL, March 15 (Korea Bizwire) — Unionized workers at GM Korea Co. said Thursday they can accept the wage freeze and no bonuses demanded by the carmaker’s parent firm General Motors Co. in joint efforts to turn the loss-making Korean unit around. But the union’s proposals are on the condition that GM cancels its unilateral [...]
MEXICO CITY, March 15 (Korea Bizwire) — The South Korean Embassy in Mexico City said Wednesday it has issued a warning to businesses operating in the country to be on guard against email hacking, saying a couple of companies have fallen victim to this kind of attack. An unidentified suspect has hacked emails of the [...]
BUSAN, March 15 (Korea Bizwire) — Police said Thursday they have arrested an online sports betting operator and booked a pro computer gamer for fixing an eSports match. The 26-year-old man who runs illegal sports gambling websites proposed to the 24-year-old player that he manipulate the result of a quarterfinal match at the 2017 G-STAR [...]
SEOUL, March 15 (Korea Bizwire) — South Korean exports of information and communication technology (ICT) products posted double-digit growth for the 15th month in a row in February on the back of brisk overseas sales of semiconductors, government data showed Thursday. A total of US$15.7 billion worth of ICT products were shipped overseas last month, [...]