SEOUL, Jan. 8 (Korea Biwire) — Fewer than half of South Korean companies dedicated funds to data protection in 2017, a government report showed Monday. According to the report by the Ministry of Science and ICT, only 48.1 percent of 9,000 local companies assessed showed interest in monitoring and protecting corporate data. Only 2.2 percent [...]
SEOUL, Jan. 8 (Korea Bizwire) — South Korea’s Ministry of Justice said Monday it will grant a special extended stay for foreign visitors coming to the country to see the PyeongChang Winter Olympic Games next month. The special permit will allow them to extend their visiting period for up to 30 days, according to the [...]
SEOUL, Jan. 8 (Korea Bizwire) — More than half of South Koreans approve of helping cover the expenses that North Korea’s athletes and cheering squad would incur if they join the upcoming Winter Olympics in South Korea, a poll showed Monday. The Realmeter survey, conducted Friday, said 54.4 percent of 505 respondents agreed with the [...]
SEOUL, Jan. 5 (Korea Bizwire) — The latter half of last year was marked by a rash of high profile accidents that have made public safety a major concern for South Korean society. Among the high profile incidents in the previous two months were a rare 5.4-magnitude earthquake that rocked the southeastern city of Pohang [...]
CHEONGJU, Jan. 5 (Korea Bizwire) — What on the surface appears to be good news actually has municipal governments worried. Last year, tobacco consumption tax revenues declined considerably, which may be interpreted by some as a sign of a healthier public who, deterred by a government-ordered price hike of around 80 percent, are willing to [...]
SEOUL, Jan. 5 (Korea Bizwire) – K-pop singer Jang Hyun-seung and celebrity athlete Shin Soo-ji are in a romantic relationship, sources said Friday. Jang, a former member of the now-defunct idol group BEAST, and Shin, a star gymnast-turned-pro bowler, have been seeing each other since last fall, an informed source said. “I know that the [...]
SEOUL, Jan. 5 (Korea Bizwire) — ICT Minister Yoo Young-min met with the heads of the country’s main mobile carriers Friday, asking for a joint effort to swiftly set up fifth-generation network technology. The Ministry of Science and ICT and the firms — SK Telecom Co., KT Corp. and LG Uplus Inc. — have plans [...]
SEOUL, Jan. 5 (Korea Bizwire) — South Korea’s current account surplus narrowed in November from a year earlier due mainly to a sharp rise in the deficit in the service account, central bank data showed Friday. The country’s current account surplus reached US$7.43 billion in November, down slightly from a surplus of $8.03 billion a [...]
SEOUL, Jan. 5 (Korea Bizwire) — Samsung Electronics Co. said Friday its executives recently purchased company shares, which is seen as a gesture to express their devotion and responsibility as the leaders of the South Korean tech giant. Samsung President Kim Hyun-suk and President Koh Dong-jin, who head the consumer electronics and mobile business, respectively, [...]
SEOUL, Jan. 5 (Korea Bizwire) — Sales of equity-linked securities (ELS), including equity-linked bonds (ELB), jumped last year, thanks to a bull run in stock markets, industry data showed Friday. The issuance of ELS and ELB products stood at a record 81.1 trillion won (US$76.4 billion) last year, up 64.2 percent from the previous year, [...]