SEOUL, May 6 (Korea Bizwire) — The South Korean government said Wednesday that it will slap a 77.6 billion-won (US$63.4 million) fine on Mercedes-Benz Korea for fabricating emissions data of its diesel cars sold between 2012 and 2018. The South Korean unit of the German carmaker was found to have submitted falsified emissions reports for [...]
SEOUL, May 6 (Korea Bizwire) — Hyundai Motor Group plans to begin construction of its Global Business Center (GBC), the company’s new headquarters, in southern Seoul this month. It is breaking ground six years after having purchased the land the buildings will stand on. The South Korean automotive group filed paperwork with the Seoul Metropolitan [...]
SEOUL, May 5 (Korea Bizwire) — Journalists from nearly 20 international media outlets flocked to baseball stadiums across South Korea on Tuesday, trying to get a glimpse into the nation emerging from the global coronavirus pandemic, with the Korea Baseball Organization (KBO) launching its 2020 season. The regular season began across five ballparks Tuesday, the [...]
SEOUL, May 4 (Korea Bizwire) — The U.S. sports cable giant ESPN will broadcast South Korean baseball games to its American audience, starting with the first day of the season on Tuesday. The Korea Baseball Organization (KBO) announced Monday that ESPN has struck a deal with Eclat, the Korean company with international distribution rights to [...]
SEOUL, May 1 (Korea Bizwire) — Four foreign nationals have been deported to their home countries after getting caught violating self-isolation rules, the justice ministry said Friday. The violators, including one Vietnamese student, were fined and ordered to leave the country for failing to comply with the country’s self-quarantine order aimed at containing the coronavirus. [...]
SEOUL, May 1 (Korea Bizwire) — South Korea said Friday it has agreed with a number of countries to ease cross-border travel regulations for essential business officials and maintain the global supply chain without undermining the global efforts to tackle the new coronavirus. Trade Minister Yoo Myung-hee participated in the virtual meeting with her counterparts [...]
SEOUL, April 29 (Korea Bizwire) — Small and medium-sized businesses that overcame the coronavirus crisis with help from Samsung Electronics Co. are now making donations to fight the global pandemic. Businesses participating in the smart factory project led by the Ministry of SMEs and Startups, Korea Federation of SMEs, and Samsung are stepping forward to [...]
SEOUL, April 29 (Korea Bizwire) — Mount Jiri in South Jeolla Province became home to at least three new Asiatic black bear cubs last winter. The state-run Korea National Park Service (KNPS) announced Tuesday that a 14-year-old Asiatic black bear (KF-27) was found to have given birth to two female cubs during a study at [...]
SEOUL, April 29 (Korea Bizwire) — At a theater of CGV, a multiplex chain run by South Korea’s entertainment giant CJ Group, in Yeouido, western Seoul, a special and interesting experiment has been carried out: zero-contact cinema. While the novel coronavirus pandemic has kept even film buffs away from theaters for months to avoid possible [...]
CHUNCHEON, April 29 (Korea Bizwire) – Consumers are paying keen attention to a special online sales promotion of asparagus, which is underway this month in Gangwon Province following a similar promotion involving potatoes last month. Since April 20, the province has been selling 1-kilogram boxes of asparagus produced by farmers for 7,000 won (US$5.74). The promotion [...]