SEOUL, April 12 (Korea Bizwire) — Homegrown films saw a whopping 81.1 percent increase in overall theatrical attendance in March thanks to the release of various genre movies, data showed Thursday. According to the Korean Film Council (KOFIC), Korean films made 63.2 billion won (US$59 million) through sales of 7.91 million tickets in local theaters [...]
SEOUL, April 12 (Korea Bizwire) — Asiana Airlines Inc. South Korea’s second-biggest full-service carrier, said Thursday that it has signed a 10-year deal with Lufthansa Technik AG on component maintenance for its Boeing 777 fleet. The deal covers nine aircraft in Asiana’s Boeing 777-200ER fleet and component repairs will take place at Lufthansa Technik’s workshops [...]
SEOUL, April 12 (Korea Bizwire) — In a move to address a lack of approved transportation vehicles in South Korea’s voraciously expanding package delivery industry, the government will introduce a permit for “smaller” vehicles weighing under 1.5 tons starting next month. As permits for operating a package delivery vehicle were previously limited, delivery professionals unable [...]
SEOUL, April 11 (Korea Bizwire) — Kakao Investment, an investment firm under South Korea’s top mobile messenger operator Kakao Corp., said Wednesday it bought shares worth 3.4 billion won (US$3.18 million) in U.S. ride-hailing service provider Lyft. Following the move, Kakao holds 82,755 shares, or a 0.03 percent stake in the U.S. company. Lyft provides [...]
SEJONG, April 11 (Korea Bizwire) — South Korea’s economy is forecast to expand 3 percent this year, following last year’s 3.1 percent growth, the Asian Development Bank (ADB) said Wednesday. Asia’s fourth-largest economy is likely to benefit from a recovery in major economies and private spending, the regional bank said. In December of last year, [...]
SEOUL, April 11 (Korea Bizwire) — Former South Chungcheong Gov. An Hee-jung was indicted Wednesday without physical detention on charges that he sexually assaulted his secretary multiple times last year. The Seoul Western District Prosecutors’ Office said An, 54, has been charged with sexual intercourse and harassment by abuse of occupational authority. An is accused [...]
SEOUL, April 11 (Korea Bizwire) – The practice of reusing disposable syringes at South Korean hospitals has decreased following the deaths of four newborns at a Seoul hospital late last year, a survey showed Wednesday. In December, the four infants died while being treated in the intensive care unit at Ewha Womans University Hospital in [...]
SEOUL, April 11 (Korea Bizwire) — The money supply in South Korea accelerated at the fastest pace in 10 months in February on increased corporate lending, central bank data showed Wednesday. The country’s M2 totaled 2,570.8 trillion won (US$2.41 trillion) in February, up 6.2 percent from 2,420.3 trillion won a year earlier, the Bank of [...]
SEOUL, April 11 (Korea Bizwire) — The Moon Jae-in administration has decided that South Korea’s Parents’ Day on May 8 this year will remain a non-holiday, which should temporarily settle the unexpected clash of opinions that arose over what would have transformed May’s first weekend from a 3- to 4-day holiday period. In the past [...]
SEOUL, April 11 (Korea Bizwire) — Smoking is more common among South Korean adults and teens on the lower rungs of the socioeconomic ladder, according to a report from the Korea Institute for Health and Social Affairs. While the smoking rate among men was 42 percent from 2013 through 2015, there were considerable differences when [...]