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Is China’s THAAD Retaliation Coming to an End?

Is China’s THAAD Retaliation Coming to an End?

SEOUL, Nov. 9 (Korea Bizwire) – Expectations are running high ahead of a presidential summit between South Korea and China that China’s months-long economic retaliation over the politically charged THAAD anti-missile systems might be finally coming to an end. It was the agreement between foreign ministers from both countries last month to recover and improve the [...]

Moon Cracks Down on Nepotism, Corrupt Hiring Practices

Moon Cracks Down on Nepotism, Corrupt Hiring Practices

SEOUL, Nov. 8 (Korea Bizwire) — “Looking at the recent corrupt hiring practices revealed at certain public institutions, the extent makes one wonder whether corruption has become the norm rather than the exception.” Speaking on October 23 at a meeting with his senior presidential secretaries, Moon excoriated the existence of corrupt hiring practices, setting the [...]

Haetae: The Much-Loved Mascot of Korea

Haetae: The Much-Loved Mascot of Korea

SEOUL, Nov. 3 (Korea Bizwire) – Sculptures of the legendary creature Haetae can be spotted around Seoul, often near historical landmarks and other high-profile locations like the National Assembly Building. Shaped like a lion with a horn on its forehead, the imaginary animal from Korean mythology is known as a guardian that fends off fire [...]

Government Ups Ante on Anti-Smoking Regulations, but Concerns over Enforcement Remain

Government Ups Ante on Anti-Smoking Regulations, but Concerns over Enforcement Remain

SEOUL, Nov. 3 (Korea Bizwire) – South Korea is a smoker’s paradise no more, as the government has in recent years been stacking one anti-smoking regulation on top of another. Its latest move: a bill revising the nation’s health law, revisions that among others will establish being caught smoking in an anti-smoking apartment complex a [...]

Gap Widens Between Number of Korean and Japanese Tourists

Gap Widens Between Number of Korean and Japanese Tourists

SEOUL, Oct. 31 (Korea Bizwire) – The gap continues to widen between the number of South Korean visitors to Japan and South Korea-bound Japanese tourists, sending alarming signs of the troubles facing the South Korean tourism industry and prompting tourism officials in South Korea to ramp up efforts to encourage domestic tourism. According to data provided [...]

Gap Between Rich and Poor Nowhere More Pronounced Than Star-Driven Entertainment Industry

Gap Between Rich and Poor Nowhere More Pronounced Than Star-Driven Entertainment Industry

Seoul, Oct. 27 (Korea Bizwire) – Despite a commonly spoken refrain that roughly translates to “the most pointless worrying in the world is worrying over celebrities”, a National Tax Service (NTS) document revealing the stark gap in earnings of the top 10 percent of entertainers compared to the rest of the field is challenging the [...]

Home Security Cameras Sales Rising With Growing ‘Lonely Death’ Among Elderly

Home Security Cameras Sales Rising With Growing ‘Lonely Death’ Among Elderly

SEOUL, Oct. 26 (Korea Bizwire) – Sales of home security cameras in South Korea are growing rapidly, with many people purchasing them out of concern for their elderly parents. Demand for household CCTV cameras is continuing to grow, according to a number of home security camera operators in the country. Data provided by one of the [...]