SEOUL, Dec. 26 (Korea Bizwire) — The Gaon Chart will start counting USBs containing songs as albums next year to adapt to the fast changing music industry, the chart operator said Tuesday. The Korea Music Content Industry Association said it will change its policy for the Gaon Chart to expand the scope of “a music [...]
SEOUL, Dec. 26 (Korea Bizwire) — The Cabinet on Tuesday approved a controversial law revision that imposes income taxes on clergy members. Under the revision to the Income Tax Law, religious leaders, such as the clergy, priests and Buddhist monks, will pay income taxes starting in 2018. There has been heated disputes among the religious [...]
SEOUL, Dec. 26 (Korea Bizwire) – Northern Drilling Ltd (NODL), a global drilling contractor, has said it will exercise its option to purchase a semi-submersible rig being built by Hyundai Heavy Industries Co., a major South Korean shipbuilder, for US$400 million. The Bollsta Dolphin is one of the world’s most sophisticated floaters and is capable [...]
SEOUL, Dec. 26 (Korea Bizwire) — Total assets held by South Korea’s private insurers surpassed the 1,000 trillion won (US$926 billion) mark in 2016, 94 years after the first firm started operations, industry data showed Monday. The 2016 insurance statistical yearbook released by Korea Insurance Development Institute, showed combined assets held by local insurance agencies [...]
SEOUL, Dec. 26 (Korea Bizwire) — Experts in the United States and Japan have picked LG Display’s organic light emitting diode (OLED) TV panel as the best product, industry sources said Monday, citing global market reports. In a recent report released by U.S. specialist display website DisplayMate, LG OLED TV was selected as a product [...]
SEOUL, Dec. 26 (Korea Bizwire) — Economic recovery without a wage increase has been picked as one of top 10 global trends next year, a local think tank said Monday. In the 2018 Global 10 Trends report, the Hyundai Research Institute (HRI) said an economic recovery without wage hikes is widely expected globally as employers [...]
SEOUL, Dec. 26 (Korea Bizwire) – One maintenance office of a Seoul apartment complex is in hot water after it took its investigation into noise complaints one step too far. According to residents and security personnel, during a recent five-day period, the maintenance office dispatched security guards to investigate the source of excessive noise among [...]
SEOUL, Dec. 26 (Korea Bizwire) – A credit card points for Bitcoin swap service currently offered by KB Kookmin Card and Shinhan Card is on its last legs, as the respective firms have decided to shutter the service in January. KB Kookmin Card and Shinhan Card points can be redeemed for Bitcoins at cryptocurrency exchange [...]
SEOUL, Dec. 22 (Korea Bizwire) – Another North Korean soldier defected to the South on December 21, making him the 15th defector this year. The number of North Korean defections has tripled from last year, leading some to speculate on the reasons behind the increase. Unlike his compatriot who made a daring run to freedom [...]
SEOUL, Dec. 22 (Korea Bizwire) – Buildings that rely on pilotis, or pillars, for structural support have been identified as being highly susceptible to fire, according to experts. The statements come a day after a deadly fire engulfed a nine-story sports complex building located in Jecheon, a city in North Chungcheong Province. As of December [...]