SEOUL, Jan. 9 (Korea Bizwire) — A dozen opposition and independent lawmakers denounced the National Assembly secretariat Monday for removing artworks satirizing the government of President Yoon Suk Yeol from a planned exhibition at the Assembly. About 80 pieces of art, including one showing a naked President Yoon brandishing a sword with the first lady, [...]
SEOUL, Jan. 9 (Korea Bizwire) — U.S. chipmaker Broadcom Inc. offered 20 billion won (US$15.8 million) worth of programs to address concerns about its alleged violation of competition law, South Korea’s antitrust regulator said Monday. The Fair Trade Commission (FTC) has been looking into allegations that Broadcom violated local laws by pressing Samsung Electronics Co. [...]
LAS VEGAS, Jan. 7 (Korea Bizwire) — Samsung Electronics Co.’s chief executive officer has said the company was still pursuing a merger deal, even though its efforts have hit a snag. The tech company’s deal-making activities were only “delayed due to various external factors,” Han Jong-hee, vice chair and co-CEO at Samsung, said at a press [...]
LAS VEGAS, Jan. 6 (Korea Bizwire) — SK Group Chairman Chey Tae-won appeared at CES on Friday, reversing the earlier announcement that he was canceling his visit to the tech show after one of his aides tested positive for COVID-19. This is the first time Chey has visited the four-day exhibition in person. He is also [...]
JEJU, Jan. 6 (Korea Bizwire) — So-called “holdout” tents, referring to the tents remaining unused for long periods that dot the camping sites along the shores of Jeju Island, remain an issue of concern for local authorities. Originally, “holdout” refers to the behavior of purchasing one or more parcels of land on a project site [...]
INCHEON, Jan. 6 (Korea Bizwire) — The western port city of Incheon is setting out to launch a special project aimed at turning the city’s international business district of Songdo into a bilingual city where you can use both Korean and English. The Incheon Free Economic Zone Authority (IFEZ) announced on Thursday that it made [...]
SEOUL, Jan. 6 (Korea Bizwire) — Digital school textbooks customized to meet the different educational needs of students in various academic levels will go into use in 2025, beginning with a few subjects, including mathematics, the Education Ministry said Thursday. Harnessing artificial intelligence and other cutting-edge technologies, such textbooks will be adopted in stages beginning [...]
SEOUL, Jan. 6 (Korea Bizwire) — South Korea will spend about 790 billion won (US$622.5 million) to support small and medium-sized companies and startups in the content industry this year in order to increase exports of Korean cultural content, the government said Thursday. The government will also seek to make it the first year in [...]
SEOUL, Jan. 5 (Korea Bizwire) — Genesis BBQ Co., the operator of BBQ Chicken, a South Korean fried chicken franchise, said Thursday it will provide free fried chicken for a year to an American couple who sheltered a group of Korean tourists stranded in a blizzard last month. “Genesis BBQ will gift the Alexander and [...]
SEOUL, Jan. 5 (Korea Bizwire) – South Korean shipbuilders received the largest orders in four years in 2022, and the country ranked the world’s No. 1 in terms of the construction of high-priced and eco-friendly vessels, the industry ministry said Thursday. Local shipbuilders won orders of a total of 15.59 million compensated gross tons last [...]