SEOUL, Nov. 24 (Korea Bizwire) — Woori Bank, one of South Korea’s largest commercial banks, said Wednesday it will be releasing a new installment savings plan that will provide a high annual interest rate of up to 11 percent for those who walk more than 10,000 steps a day. The availability of this installment savings [...]
SEOUL, Nov. 22 (Korea Bizwire) — The lower income tier spent more than half of its disposable income on food in the third quarter of this year, with consumers directly exposed to surging prices, the statistics agency said Monday. Statistics Korea’s Household Income and Expenditure Survey showed that households located in the lower 20 percent [...]
SEOUL, Nov. 22 (Korea Bizwire) — “Avatar: The Way of Water” will hit theaters in South Korea on Dec. 14, making it the first country in the world to screen the 2009 sci-fi blockbuster’s long-awaited sequel, its local distributor said Tuesday. Director James Cameron and producer Jon Landau as well as the film’s cast, including [...]
SEOUL, Nov. 21 (Korea Bizwire) — From now on, setting up kiosks requires installing braille blocks and offering voice guides. The Ministry of Health and Welfare announced that is has released an advance notice of the legislative plan to amend legislation related to discrimination against disabled people. The enforcement decree stipulates that appropriate facilities should [...]
SEOUL, Nov. 21 (Korea Bizwire) — Firefighters at the forefront of saving lives are suffering from worse psychological disorders than before. A survey conducted by the National Fire Agency of 54,056 firefighters showed that 29.8 percent were suffering from sleep disorders caused by stress at work. This was 7 percentage points higher than last year. [...]
SEOUL, Nov. 21 (Korea Bizwire) — French cosmetics giant L’Oreal SA said Monday it has launched a new skin care brand called Shihyo, with Hotel Shilla Co. and Anchor Equity Partners. The announcement comes after the trio announced in June they would co-invest in the launch of a new luxury beauty brand. Shihyo, which means [...]
SEOUL, Nov. 21 (Korea Bizwire) — Greece placed the largest ship orders in South Korea this year, remaining a buttress for the nation’s shipbuilding industry, data showed Sunday. Greek shipowners have placed orders for 52 ships totaling 2.05 million compensated gross ton (CGT) from Korean shipyards so far this year, according to global market researcher [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea and the United States conducted a joint air exercise Friday focusing on enhancing the capabilities of striking North Korea’s missile-related facilities, hours after it fired another long-range ballistic missile, according to Seoul’s military. The South Korean Air Force’s F-35A stealth fighter jets held the exercise striking North [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea plans to draw up a five-year development plan for the country’s service industry in line with its efforts to foster new growth engines amid protracted economic challenges, the finance minister said Friday. “Recently, various cultural and entertainment content, such as BTS and ‘Squid Game,’ have gained popularity [...]
SEOUL, Nov. 17 (Korea Bizwire) — The Ministry of Justice said Wednesday it will mandate the placement of language helpers at municipal governments to protect the human rights of seasonal migrant workers. When signing business agreements with foreign municipal governments, the ministry also plans to stipulate clauses requiring the placement of language helpers who can [...]