SEJONG, Jan. 30 (Korea Bizwire) — The Korea Development Institute (KDI), a South Korean state-run think tank, said Tuesday it has been ranked 18th in an international survey of think tanks around the globe, a dramatic rise from its previous 44th-ranked spot. The survey was conducted by the Think Tanks and Civil Societies Program at [...]
BANGKOK, Jan. 30 (Korea Bizwire) — In its first year as a possible foreign language option for the college entrance exams, around 10 percent of all Thai foreign language test takers have chosen Korean. According to Thailand’s testing body — the NIEST — 5,504 test takers have selected Korean as their foreign language requirement on [...]
SEOUL, Jan. 30 (Korea Bizwire) – Pronounced “howl” in Korean, “haul” is to shopping what “mukbang” is to food. An online phenomenon exclusive to South Korea, mukbang refers to a vlogger filming him or herself consuming vast amounts of food all in one sitting while simultaneously continuing to hold a conversation with viewers. Swap out [...]
SEOUL, Jan. 29 (Korea Bizwire) — Hancom Inc., a South Korean software maker, on Monday unveiled a new interpretation service that will be available for the upcoming PyeongChang 2018 Winter Olympic Games. GenieTalk, co-developed by the Electronics and Telecommunications Research Institute, has been designated as the official translation software for next month’s games, which are [...]
SEOUL, Jan. 29 (Korea Bizwire) — Forget the pure, cute and innocent image of Suzy. The singer-actress is back with her first EP in a year with a hardened heart to face up to the sober truth of love. “Faces of Love” follows her first EP, “Yes? No?” which was released about a year ago, [...]
SEOUL, Jan. 29 (Korea Bizwire) — Samsung Heavy Industries Co., a major South Korean shipbuilder, said Monday that it has sold an offshore facility to a European company for around US$500 million. Samsung Heavy said in a regulatory filing that it is set to deliver the semi-submersible drilling rig to the company by the end [...]
TOKYO, Japan 29 (Korea Bizwire) – In the past 10 years, the number of Japanese high school students who have visited South Korea on school trips has dropped precipitously, with one cause believed to be the complicated relations between the neighboring countries. According to reporting by Mainichi Shimbun, 3,246 Japanese youngsters came to South Korea [...]
SEOUL, Jan. 29 (Korea Bizwire) – A host of measures designed to lower the barriers of entry and ramp up competition in the financial sector have been devised by the Financial Services Commission (FSC) for 2018. The FSC will increase the number of online insurance firms – there is currently only one in operation – [...]
SEOUL, Jan. 29 (Korea Bizwire) – Samsung Engineering’s longstanding dispute with the government of Oman has been resolved, and industry insiders expect the resolution to lead to increased business activity between the two down the road. According to industry watchers, the court at the International Centre for Settlement of Investment Disputes (ICSID) handling Samsung Engineering’s [...]
PYEONGCHANG, Jan. 29 (Korea Bizwire) – Research has found that 1 in 10 athletes who participated in the 2010 and 2014 Winter Olympics suffered an injury during the games. According to the findings of the British Journal of Sports Medicine (BJSM), which undertook the study upon request of the International Olympic Committee, 11 percent of [...]