SEOUL, Dec. 10 (Korea Bizwire) — A group of South Korean researchers poached by a Chinese company which is now transforming itself from property developer to electric vehicle (EV) and battery maker have turned out to be playing a key role in the rapid growth of the Chinese company. Industry experts warn that China’s poaching [...]
SEOUL, Dec. 9 (Korea Bizwire) — The so-called three fair economy bills passed Wednesday by the National Assembly are designed to keep in check top shareholders’ corporate dominance and enhance supervision of conglomerates’ business practices, including inter-affiliate transactions. But business circles and critics voiced concerns that the measures could sap companies’ business sentiment and shrink [...]
SEOUL, Dec. 8 (Korea Bizwire) — “Running Man,” a long-running SBS TV’s variety show enjoying pan-Asia popularity, is being criticized by some Chinese netizens for violating the country’s official ‘One China’ policy. The latest episode of the show was based on the South Korean board game “Blue Marble” that enjoyed huge popularity in the nation, [...]
SEOUL, Dec. 8 (Korea Bizwire) — The portion of single-member households in South Korea surpassed 30 percent of the total for the first time in 2019, data showed Tuesday, amid a delay in marriage and rapidly aging population. One-person families accounted for 30.2 percent of the total last year, up 29.3 percent from the previous [...]
SEOUL, Dec. 5 (Korea Bizwire) – Japanese fashion retailer Uniqlo will close its outlet in Seoul’s popular shopping district next month, after a sharp fall in sales stemming from the new coronavirus outbreak and a trade dispute between Seoul and Tokyo. Uniqlo said on its website recently in Korean that its global flagship store in [...]
SEOUL, Dec. 2 (Korea Bizwire) — Buying a house is often a competitive, costly and stressful process, especially so in Seoul, South Korea’s epicenter of politics, business, culture and education. For decades, buying an apartment in a decent neighborhood in the capital city has not been easy for a typical family, but it has become [...]
BERLIN, Dec. 1 (Korea Bizwire) — A Berlin district council has passed a resolution seeking to keep a statue of a girl symbolizing the victims of Japan’s wartime sexual slavery permanently installed at a public site, officials and reports said Wednesday. The resolution, approved by a majority vote at Berlin’s Mitte district parliament on Tuesday [...]
SEOUL, Dec. 1 (Korea Bizwire) — An appeals court has ruled in favor of a non-religious conscientious objector who was indicted for dodging the draft. The Uijeongbu District Court said Monday that it overturned a lower court ruling in the case of a man who was indicted for violation of the nation’s military service law. [...]
SEOUL, Nov. 30 (Korea Bizwire) – Kimchi is not just fermented cabbage but a central part of Korea’s food culture, and the process of making it has already been recognized as a global standard for nearly two decades, Seoul’s agriculture ministry said Monday. The Ministry of Agriculture, Food and Rural Affairs made the remark to [...]
SEOUL, Nov. 26 (Korea Bizwire) — South Korea’s trade deficit with Japan edged up in the first 10 months of the year, data showed Thursday, as a local boycott of Japanese consumer goods shows signs of losing steam. Seoul posted a trade deficit of US$16.56 billion in the January-October period, compared with $16.42 billion during [...]