SEOUL, Jan. 21 (Korea Bizwire) — Public voices are growing in support of a ‘post-construction sale system’ after fraudulent construction was pointed out as the cause of the partial apartment building collapse in Gwangju last week. Major online real estate communities have recently been flooded with a large number of comments supporting the introduction of [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea will temporarily expand visa issuance for foreign children staying illegally in the country to better guarantee their right to education, the justice ministry said Thursday. Until now, undocumented foreign children eligible for visas have been middle and high school students, as well as high school graduates, who [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korean investors’ holdings of foreign securities touched a new all-time high in 2021 on an overseas investment boom, data showed Thursday. Local investors had held overseas stocks and bonds worth US$100.59 billion as of end-2021, up 39.3 percent from a year earlier, according to the data from the [...]
SEOUL, Jan. 19 (Korea Bizwire) — As online-based industries such as the metaverse are enjoying rising popularity, South Korean middle and high school students are developing stronger preferences for software developer as their dream job. According to a survey conducted jointly by the Ministry of Education and the Korea Research Institute for Vocational Education and [...]
SEOUL, Jan. 18 (Korea Bizwire) — Half of all students and faculty at Seoul National University believe there is severe discrimination occurring on campus. The school, one of the country’s most prestigious universities, conducted a survey of 2,198 undergraduate and graduate students, faculty, and school staff, 49.8 percent of whom said that there is a [...]
SEOUL, Jan. 18 (Korea Bizwire) — South Korea on Tuesday recommended POSCO International Corp. exercise greater corporate social responsibility over its palm oil business in Indonesia following a complaint by civic groups about its alleged adverse impacts on the environment. The Korean National Contact Point (KNCP) for the Organization for Economic Cooperation and Development (OECD) [...]
SEOUL, Jan. 18 (Korea Bizwire) — Hyundai Capital Services Inc., South Korea’s leading auto finance company, said Tuesday it has launched a joint venture with CGI Finance, a subsidiary of France’s Societe Generale Group. Hyundai Capital France will provide auto finance, including lease, loan and insurance, for customers of Hyundai Motor Group — Hyundai Motor [...]
SEOUL, Jan. 18 (Korea Bizwire) — A new path has opened for Samsung Electronics Co. to produce an eye-catching laptop with a foldable display and keyboard. The World Intellectual Property Organization (WIPO), a U.N.’s intellectual property agency, finally approved a patent named ‘multi-foldable electronic appliance’ registered in July last year by Samsung Electronics, according to [...]
BUSAN, Jan. 17 (Korea Bizwire) — Drones are being abused to infringe upon the privacy of others. The Busan District Court Eastern Branch sentenced a 39-year-old man to eight months in prison last week for a sexual offense. The defendant was accused of flying a drone from an apartment in the southern port city of [...]
DUBAI, Jan. 16 (Korea Bizwire) — South Korea signed a preliminary deal with the United Arab Emirates on Sunday to sell Seoul’s mid-range surface-to-air missiles to the Gulf nation, in the latest sign of deepening defense cooperation between the two nations. The deal was signed after Moon held talks with UAE Prime Minister Sheikh Mohammed bin [...]