SEOUL, March 7 (Korea Bizwire) — LG Electronics Inc. said Wednesday it has signed a four-year sponsorship contract with South Korea’s women’s curling team, which captured a surprise silver medal at the PyeongChang Winter Olympics. Under the contract, the home appliances giant will have the team members appear in its advertisements for vacuum cleaners. “We [...]
SEOUL, March 7 (Korea Bizwire) — Kim Ki-duk, an internationally acclaimed filmmaker, has demanded actresses have sex with him and raped one of them, according to testimonies from victims. MBC TV’s investigative news show “PD’s Notepad” on Tuesday exposed more dirt on alleged sexual misconduct involving Kim and actor Cho Jae-hyun, who has frequently appeared [...]
SEOUL, March 6 (Korea Bizwire) – Despite high growth in “technology financing”, loans granted to tech firms based on the potential of their technology, inconsistencies have been found in a majority of these transactions. The Hyundai Research Institute in a report on the current trends regarding domestic technology financing revealed technology credit loans amounted to [...]
SEJONG, March 7 (Korea Bizwire) — In its latest list of key categories reflecting production statistics from the mining and manufacturing industries, Statistics Korea highlights the transformative impact of smartphone ubiquity. To compile the list, South Korea’s statistical authority generated production indices of the major categories of goods created by the industries. To take into [...]
SEOUL, March 6 (Korea Bizwire) — The number of horseback riders and the facilities to accommodate them are on the rise due to policies bolstering the equine industry. The Ministry of Agriculture, Food and Rural Affairs stated on March 6 that last year’s regular horseback riding population stood at 49,312, a 3.9 percent increase from [...]
GANGNEUNG, March 6 (Korea Bizwire) — Messages from Olympics athletes back home thanking the people of Gangneung for handmade postcards with handwritten messages inscribed and “Welcome to Gangneung” lamps are generating interest among the general public. French skier Marie Martinod and Danish curling skip Madeleine Dupont recently reached out to Gangneung via e-mail. “The welcome [...]
SEOUL, March 6 (Korea Bizwire) — Tourists from China spent an average of US$3,007 in South Korea last year, a survey showed Tuesday, with duty-free shops and cosmetics stores as the most popular shopping locations here. The average on-location spending by Chinese tourists during their visits to South Korea, excluding tour group fees and costs [...]
TOKYO, March 6 (Korea Bizwire) — More than 100 South Korean food companies joined a food fair in Chiba, Japan, on Tuesday as Korean food is regaining popularity here helped by the growing popularity of “hallyu.” South Korea’s exports of food items to Japan surpassed the US$2 billion mark last year, the highest since 2012, [...]
SEOUL, March 6 (Korea Bizwire) — The actors Jung Ji-hoon, better known by his stage name Rain, and Lee Dong-gun have been cast for a new TV series on JTBC, the network said Tuesday. The duo will appear in the cop series “Sketch” scheduled to be broadcast in May. It will be the second time [...]
SEOUL, March 6 (Korea Bizwire) — The Ministry of Land, Infrastructure and Transport announced on March 5 it intends to roll out a variety of transportation measures for the upcoming 2018 Paralympics starting on March 9. For the duration of the Paralympics, the government will keep the high-speed KTX train running on the Gyeonggang Line [...]