SEOUL, May 30 (Korea Bizwire) — Around 2,000 foreigners, including U.S. soldiers in South Korea, set off firecrackers and held parties without wearing masks on and around a local beach amid the coronavirus pandemic, police said Sunday. The foreigners danced, drank and set off firecrackers on and around Haeundae Beach in the southern city of [...]
SEOUL, May 28 (Korea Bizwire) — Belgium ordered its ambassador to South Korea to leave his post this summer and waived diplomatic immunity for his wife, who stands accused of assaulting two clothing shop employees, its foreign ministry said Friday. Xiang Xueqiu, the spouse of Ambassador Peter Lescouhier, has been questioned by police here over [...]
SEOUL, May 28 (Korea Bizwire) — South Korea plans to impose a 20 percent income tax on capital gains from cryptocurrency transactions starting next year as planned, the government announced Friday, despite growing investor calls for delaying the taxation plan. The government announced the plan after discussing the matter during a vice-ministerial interagency meeting chaired [...]
SEOUL, May 28 (Korea Bizwire) — The cryptocurrency market has been on a rollercoaster ride in recent months, with its course dictated by Elon Musk’s series of remarks. Never before has one individual had so much influence over fluctuations in prices. Here, a question arises–how? Hong Ki-hoon, a professor of business administration at Hongik University [...]
SEOUL, May 28 (Korea Bizwire) — A delivery workers union has suggested a solution to a highly publicized dispute over parking rules between them and residents of a mega apartment complex in eastern Seoul. In a press release on Thursday, the union said a similar conflict at another complex, also in eastern Seoul, was resolved [...]
SEOUL, May 28 (Korea Bizwire) — A bill to revise the Recruitment Procedure Act towards including a provision that requires employers to notify failed job candidates why they were rejected has been proposed in the National Assembly. The bill comes at a time in which many job seekers are raising voices about the need to [...]
UIJEONGBU, May 28 (Korea Bizwire) — The government of Gyeonggi Province is set to launch an on-site technology demonstration to introduce a ‘non-contact transit bus fare payment system’ that can minimize passengers’ risk of COVID-19 infection and prevent safety accidents on buses. In collaboration with local mobility firm LOCA Mobility Corp., the provincial government will [...]
SEOUL, May 28 (Korea Bizwire) – South Korea’s leading steelmaker POSCO has joined hands with Orsted A/S, the world’s largest offshore wind power producer in the areas of offshore wind power and green hydrogen production. The two parties recently signed a memorandum of understanding (MOU) to promote a comprehensive partnership with a focus on domestic [...]
SEOUL, May 27 (Korea Bizwire) — McDonald’s celebrity collaboration with K-pop supergroup BTS went on sale in South Korea, the United States and 10 other nations, the U.S. fast food giant said Thursday. The “BTS meal” includes a 10-piece Chicken McNuggets, medium fries and Coke as well as two new dipping sauces — sweet chili [...]
SEOUL, May 27 (Korea Bizwire) — Samsung Electronics Co. on Thursday launched a shoe refresher as the South Korean tech giant eyes bolstering its sales with new lifestyle appliances amid the pandemic. Samsung’s BESPOKE ShoeDresser is a footwear care appliance that can deodorize, dehumidify and dry shoes. The product, which can manage a maximum three [...]