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. [...]
SEOUL, December 23 (Korea Bizwire) – Greenland Group, China’s secondlargest residential developer, will participate in a competitive public bidto develop a twin tower near the Digital Media City (DMC) in Seoul’s Sangam-dong, said Seoul Metropolitan Government on December 22. Seoul mayor Park Won-soon met Zhang Yuliang,chairman of Greenland Group and signed an MoU on December 22 in [...]
SEOUL, Dec. 17 (Korea Bizwire) – Lotte Engineering & Construction has successfully developed a technology to make concrete that effectively blocks radiation. Separately it has also developed a new construction technique to strengthen the bearing capacity of bored precast piles. The company said on December 16 that it filed a patent on the 4th to make concrete [...]
SEOUL, Dec. 15 (Korea Bizwire) – The Korean National Pension Service (NPS) recently sold its HSBC headquarters building in London, netting a total of 960 billion won (US$868 million) in dividends and trading profits. On December 14, the pension service that manages funds worth 568.2 trillion won (US$514.1 billion) announced that it had sold the HSBC building [...]