SEOUL, May 11 (Korea Bizwire) — Samsung Group Chairman Lee Kun-hee has been hospitalized for the past six years, with no signs of recovery so far. Meanwhile, Samsung Electronics Vice Chairman Lee Jae-yong, the eldest son of bedridden chief and the heir to South Korea’s top conglomerate, made a rare public apology Wednesday over controversies [...]
SEOUL, May 11 (Korea Bizwire) — With so-called “untact” culture spreading in the aftermath of the COVID-19 pandemic, drive-through and drive-in services to limit personal contact and limit the spread of the virus are growing in popularity. Following the digital transformation of academic societies and exhibition events around the world due to the coronavirus pandemic, [...]
SEOUL, May 11 (Korea Bizwire) — South Korea on Monday sent 2 million face masks in emergency assistance to the United States to help its fight against the new coronavirus, the foreign ministry said. The provision of the masks came after President Moon Jae-in and U.S. President Donald Trump discussed the two countries’ cooperation in [...]
SEOUL, May 10 (Korea Bizwire) — SK Energy Co. and SK Trading International Co. have donated 4,000 Korean-made coronavirus test kits to Myanmar, the two firms’ parent company said Sunday. The test kits worth about US$50,000 arrived in Myanmar’s commercial capital of Yangon on Saturday, said SK Innovation Co., South Korea’s biggest refiner by sales. [...]
SEOUL, May 9 (Korea Bizwire) — The Seoul city government on Saturday effectively suspended business at clubs and bars in the city after recent infections in the city’s popular multicultural neighborhood of Itaewon put health authorities on alert over a possibly bigger outbreak. Under an administrative order that has gone into effect immediately, all clubs, [...]
SEOUL, May 9 (Korea Bizwire) — After coming home from a hectic day at work, Patty Noakes likes to wind down by watching baseball on ESPN. But it is not just any baseball she is watching on the U.S. cable station these days. ESPN will be carrying six Korea Baseball Organization (KBO) games per week [...]
SEOUL, May 8 (Korea Bizwire) — The government on Friday issued a monthlong advisory on clubs and bars, asking such establishments to voluntarily suspend business after group infections were reported at Seoul’s popular multicultural neighborhood of Itaewon. Under the advisory, clubs and bars across the country will be advised to voluntarily suspend business for a [...]
SEOUL, May 8 (Korea Bizwire) — On the premise of stable domestic supply and demand, the government said Thursday that it has decided to export locally made masks overseas for humanitarian purposes. Through expanded support, the government expects to contribute to overcoming the crisis of the coronavirus pandemic, which has spread around the world, and [...]
SEOUL, May 8 (Korea Bizwire) — Hyundai Motor Co. on Friday said it has doubled its debt sale to 600 billion won (US$493 million) on strong demand amid the coronavirus impact on vehicle sales. Hyundai Motor sold the debt with a maturity period of three to seven years to refinance maturing dollar-denominated debt, the company [...]
SEOUL, May 8 (Korea Bizwire) — A debate has been brewing here over whether to expand the national employment insurance program to cover all working people as the coronavirus pandemic is expected to take a toll on the already strained job market. South Korea’s ruling party and the presidential office raised the need to enhance [...]