SEOUL, Jan. 21 (Korea Bizwire) – The Korean government is planning to operate a cross-country railroad on the Korean peninsula and develop links to the Trans-Siberian Railroad (TSR), according to a report to President Park Geun-hye from the Ministry of Unification, the Ministry of Foreign Affairs, the Ministry of National Defense and the Ministry of Patriots’ [...]
SEOUL, Jan. 19 (Korea Bizwire) – The Korean Government is getting serious about several real estate development projects in a bid to invigorate the tourism industry, according to an announcement on January 18 from related ministries and agencies such as the Ministry of Strategy and Finance, the Ministry of Land, Infrastructure, and Transport, the Ministry of [...]
SEOUL, Jan. 16 (Korea Bizwire) – Hanwha Group has recently completed construction of its 24MW solar power plant in Japan, cementing its leading position in the Japanese solar power market. Hanwha Q CELLS Japan had a completion ceremony for the Hanwha Solar Power plant in the city of Kitsuki on January 15. The Kitsuki plant is built [...]
U.S. Leads the Pack With 5% Growth, Followed by Asia; Europe and Canada to Remain Flat CHICAGO, Jan. 14, 2015 (Korea Bizwire) – A just released global hiring forecast by Ferguson Partners Ltd. shows three industry trends driving global hiring demand in 2015. They are: *T — Abundant equity capital to invest, which is [...]
“Jeju began a no visa policy in 2002, and has allowed permanent residence for investors since 2010. Jeju attracts 12 million tourists in and out of Korea every year, and as of 2013, the number of Chinese tourists to Jeju surpassed the 2 million mark. We expect more tourists and investment from China.” “We welcome [...]
SEOUL, Jan. 9 (Korea Bizwire) – The Legislation and Judiciary Committee passed two laws related to the cruise industry and marina construction on January 8. The opposing parties had already reached an agreement to pass the laws, but there were delays due to marina safety concerns and issues related to the Sewol ferry incident. The cruise [...]
SEOUL, Jan. 5 (Korea Bizwire) – Changwon, Gyeongnam province is going to make a requisition to the Ministry of Justice to implement an investment immigration system that grants permanent residency to foreigners investing more than 500 million won (US$ 451,655) in touristic real estate such as the Gusan Marine Tourist Complex, said the city government on [...]
SEJONG, Dec 30 (Korea Bizwire) – Development of South Korean public land is likely to gain traction next year as the government aims to generate more revenue and improve public interest, finance minister Choi Kyung-hwan stated today. Choi announced his plan at an event to celebrate the opening of the Sejong National Research Complex, comprising [...]
SEOUL, Dec 25 (Korea Bizwire) – Fosun Group is set to spur the establishment of Konkuk University’s senior’s residence brand in China, said Kim Kyung-hee, chairperson of Konkuk University on December 24. Konkuk University is currently operating ‘The Classic 500,’ a senior housing complex that offers premium medical services and hotel-style living services in Seoul. [...]
SEOUL, Dec. 23 (Korea Bizwire) – POSCO Engineering, a subsidiary of steel mill giant POSCO, won a bid to construct a clean room facility worth US$123 million in Thailand. The company announced on December 22 that it received a letter of agreement for the construction of a clean room from world famous hard drive manufacturer Seagate. [...]