SEOUL, Dec. 27 (Korea Bizwire) — Outside directors at South Korea’s major conglomerates play an insignificant role in corporate decisions, with their agenda disapproval rate remaining very low, a government report showed Wednesday. Of the 4,361 motions forwarded for approval by the board of 169 listed companies in the one-year period from April 2016, only [...]
SEOUL, Dec. 27 (Korea Bizwire) — South Korean exports will likely grow in the first three months of next year, though at a slower pace, a poll by a state-run trade promotion agency showed Wednesday. The leading indicator for exports in the January-March period came in at 58.5, slightly down from 59.7 for the previous [...]
SEOUL, Dec. 27 (Korea Bizwire) — South Korea’s top men’s golf tour will offer the highest purse yet next year. The Korea Professional Golfers’ Association (KPGA) announced Wednesday that its top-tier Korean Tour will have a record total prize money of 14.1 billion won (US$13.1 million), with 17 tournaments lined up for next season. “The [...]
SEOUL, Dec. 27 (Korea Bizwire) — The South Korean government pushes to fight against art forgery by firming up relevant laws in the wake of a series of high profile art forgery scandals that have hit the country since last year, the culture ministry said Tuesday. The Ministry of Culture, Sports and Tourism said a [...]
SEOUL, Dec. 27 (Korea Bizwire) – A U.K. research firm has forecast the top 10 economies in 2032 and pegged South Korea for the number eight spot. As reported by Bloomberg News on December 26, the Center for Economics & Business Research (CEBR) published its report on the future trajectory of national economies on the [...]
SEOUL, Dec. 27 (Korea Bizwire) – A surge in life insurance cancellations in the past five years is one symptom of the economic downturn and financial hardships faced by South Korean households. Provided by the Korea Life Insurance Association (KLIA), records show there were 6.59 million life insurance policy cancellations last year, 54.1 percent more [...]
SEOUL, Dec. 27 (Korea Bizwire) – The Korea Expressway Corporation announced on December 26 that it would complete installation of solar power energy equipment on the roof of a 1.3 km long soundproof tunnel in Gwanggyo, Gyeonggi Province. When the equipment begins producing energy early next month, it will be the first highway soundproof tunnel [...]
SEOUL, Dec. 26 (Korea Bizwire) – Patent applications pertaining to heatable glass have surged in the past few years, a good omen for drivers who have to turn their heater on and off to keep their windshield from getting too foggy. The Korean Intellectual Property Office revealed on December 25 that 192 patent applications related [...]
SEOUL, Dec. 26 (Korea Bizwire) – Research by the Korea International Trade Association (KITA) has revealed that the first year of Donald Trump’s U.S. presidency has been marked by the highest incidence of new anti-dumping investigations in the last ten years. A total of 54 new investigations were launched, with six of them targeting South [...]
SEOUL, Dec. 26 (Korea Bizwire) – Baduk, the Korean term for the Chinese board game “go”, is experiencing heightened popularity in Turkey, especially among female players. This was evidenced by the 77-strong female turnout for a baduk tournament hosted at the Middle East Technical University from December 23 to 24. The competition was hosted with [...]