SEOUL, June 3 (Korea Bizwire) — Starbucks Korea said Wednesday that it plans to discontinue the use of disposable cups at four of its stores on the southern resort island of Jeju from next month. On Wednesday, the local unit of the U.S. coffee giant signed a pilot program cooperation agreement with the Ministry of [...]
SEOUL, June 2 (Korea Bizwire) — Smaller cryptocurrency exchanges are scrambling to kick out so-called altcoins as a new amendment bill for reporting and using specified financial transaction information is soon to take effect. By September, all cryptocurrency exchanges must offer Information Security Management System (ISMS) authorization and bank account connections to stay in business. [...]
SEOUL, June 2 (Korea Bizwire) — Women take up the absolute majority among families in dealing with homemaking and child rearing, according to recent data. The Ministry of Gender and Equality conducted a survey of 10,997 households throughout the country, in which 70.5 percent said that the mother was in charge of groceries, cooking, and [...]
SEOUL, June 2 (Korea Bizwire) – South Korea said Wednesday it plans to raise its guard against the new coronavirus at beaches here as more people are expected to travel locally during the summer season. Starting July, the country will operate a three-level alert system — green, yellow and red — to warn visitors of [...]
SEOUL, June 1 (Korea Bizwire) — One of Huawei Technologies Co.’s foreign branch websites has been used as a malware platform, raising concerns over Chinese tech titan’s security management. An individual referred to only as Chae, a South Korean netizen, recently discovered that an unknown IP had attempted FTP access to his Network Attached Storage, [...]
SEOUL, June 1 (Korea Bizwire) — LG Electronics Inc. is fast converting its overseas smartphone manufacturing lines into facilities that produce home appliances, industry insiders said Tuesday, following its decision to withdraw from the mobile business. LG said the Brazilian government last month approved its plan to expand its Manaus plant in Amazonas, northwestern Brazil, [...]
SEOUL, June 1 (Korea Bizwire) — An amendment of the Nationality Act, for which the Ministry of Justice recently issued a legislation notice, is causing a controversy over preferential treatment for Korean-Chinese people. The children of permanent residents can be acknowledged as Koreans only if they undergo the naturalization process after becoming adults. This is [...]
SEOUL, May 31 (Korea Bizwire) — With coronavirus vaccinations restarting in South Korea, netizens are looking up articles and posts by vaccine recipients to better understand the vaccines and for reassurance. These online articles by vaccine recipients talk about the type of vaccine, physical status such as age and health conditions, post-inoculation symptoms, and the [...]
SEOUL, May 31 (Korea Bizwire) — The number of foreign visitors to South Korea surged by nearly 140 percent last month, a public corporation said Monday, attributing the explosive growth to a COVID-19-induced base effect. In April, 70,112 foreign nationals arrived here, up 138.4 percent from a year earlier, according to the government-invested Korea Tourism [...]
SEOUL, May 31 (Korea Bizwire) — New regulations aimed at promoting resource circulation and plastic recycling should see the approval of recycled transparent PET bottle use in food product packaging from next year at the earliest. The Ministry of Food and Drug Safety (MFDS) and the Ministry of Environment jointly announced plans to amend regulations [...]