SEOUL, Nov. 25 (Korea Bizwire) – Daelim is set to become the first local construction firm to make use of sound design in an apartment complex. Sound design refers to the process of specifying, manipulating, and producing sound elements to achieve a specific effect or mood. Although it is most associated with sound recording and [...]
SEOUL, Nov. 24 (Korea Bizwire) – The Ministry of Environment and the Korea Environmental Industry & Technology Institute have joined hands with five major financial institutions for the launch of the “Green Card v2”, scheduled for Friday. Green Card v2 is a follow-up of the original Green Card, but with extended benefits. The Green Card [...]
SEOUL, Nov. 24 (Korea Bizwire) – South Korea’s financial authorities said Thursday they will step up efforts to streamline Internet banking procedures by promoting the removal of unnecessary security software and the minimum use of digital certificates. The measures are part of the government’s financial reform drive, and were drawn up by a council of [...]
SEOUL, Nov. 24 (Korea Bizwire) – South Korea said Thursday it will soon introduce a new early warning system for potential risks from the nation’s massive household debt, especially as interest rates here may soon start an upward trend. Household debt totaled 1,295.8 trillion won (US$1.1 trillion) as of the end of September, up 3 [...]
SEOUL, Nov. 24 (Korea Bizwire) – South Korea will raise more than enough funds to make the upcoming 2018 Winter Olympic Games in PyeongChang one of the most successful and well-organized events, the chief of the country’s organizing committee said Thursday. Lee Hee-beom, a former commerce minister, insisted the 2018 games will also boost the [...]
SEOUL, Nov. 23 (Korea Bizwire) – A number of South Korean companies have announced spinoffs of subsidiaries with promises to become more transparent and improve management, but market watchers say they were driven by the growing legislative movement to prevent spinoffs from strengthening corporate owners’ control. Snack manufacturer Orion Corp. and dairy producer Maeil Co. [...]
SEJONG, Nov. 22 (Korea Bizwire) – Third-quarter household spending shows a persistent slump in consumption, including in basic foodstuffs, the state statistics office said Tuesday. Expenditures for foodstuffs and non-alcoholic beverages by households of two persons or more fell 3.2 percent in the July-September period compared to the same months last year, according to Statistics [...]
SEOUL, Nov. 21 (Korea Bizwire) – South Korean shares of cosmetics and entertainment companies closed lower on Monday amid concerns over Chinese state-sanctioned retaliatory measures against Korea’s deployment of an American THAAD battery. Big-name K-pop producers, including SM (-8.16 percent), YG (-6.9), and JYP Entertainment (-2.79); film distributors and producers such as Showbox (-14.57) and [...]
DAEJEON, Nov. 21 (Korea Bizwire) – Korean President Park Geun-hye’s ambitious election pledge to reinitiate the project to establish a Universal Studios theme park in Hwaseong, Gyeonggi Province, is again facing dissolution amid the ongoing political scandal engulfing her presidency. According to the Korea Water Resources Corporation (K-Water) and Universal Studios Korea, which are overseeing [...]
SEOUL, Nov. 18 (Korea Bizwire) – The quality of life for South Koreans ranks 47th in the world, as the country’s economic stature is undercut by long working hours and unemployment, a local report said Friday. The annual report from the Institute for International Trade (IIT), a research arm of the Korea International Trade Association, [...]