SEOUL, April 8 (Korea Bizwire) — The head of India’s Mahindra and Mahindra Ltd. has ruled out plans to pull out of South Korea’s troubled SsangYong Motor Co., the carmaker said Wednesday, as it is working to resolve a looming credit crunch. Pawan Goenka, managing director and CEO of the Indian conglomerate, gave the assurance [...]
SEOUL, April 8 (Korea Bizwire) – Some candidates running in the April 15 parliamentary elections have been running eye-catching campaigns without having close contact with voters, in a bid to maintain social distancing and boost morale amid the coronavirus pandemic. The COVID-19 outbreak has changed conventional methods of campaigning due to concerns that reaching out [...]
SEOUL, April 8 (Korea Bizwire) — Experts are anticipating layoffs at the South Korean unit of Japanese fashion retailer Uniqlo, which has been hit hard by last year’s national boycott movement against Japanese products. Chief executive of FRL Korea, an operator of Uniqlo Korea, recently mentioned the term ‘restructuring’ in an email. The email written [...]
SEOUL, April 8 (Korea Bizwire) — A local power company has embarked on a project to set up power facilities for hydrogen fuel cells using domestic technology. South Korea’s state-run utility Korea Electric Power Corp. (KEPCO) announced Tuesday that it has extended the hydrogen pipelines installed in the Ulsan Industrial Complex and connected them with [...]
SEOUL, April 8 (Korea Bizwire) — Not only South Koreans but also foreigners residing in the country will be able to file proposals that include ideas to improve the government’s policies. The Ministry of Interior and Safety said that the “Revised Ordinance on Proposal Regulations for Citizens and Public Officials,” which calls for such details, [...]
SEOUL, April 8 (Korea Bizwire) – South Korea will temporarily suspend visa-free entry and visa waiver programs with countries imposing entry bans on Koreans, as it seeks to stem imported cases of the new coronavirus, the prime minister said Wednesday. Prime Minister Chung Sye-kyun also said the government will expand entry restrictions on foreigners traveling without [...]
SEOUL, April 7 (Korea Bizwire) — Samsung Electronics Co. has introduced new eco-friendly packaging for its lifestyle TVs such as The Frame, The Serif, and The Sero. Samsung’s new ‘eco-packaging’ made from eco-friendly corrugated cardboard will allow customers easier recycling as well as up-cycling of the cardboard boxes for creative reuse, according to the company [...]
UIJEONGBU, April 7 (Korea Bizwire) — The Gyeonggi Bukbu Provincial Police Agency announced Monday that it had translated the recently amended legislation on epidemic prevention and control into five languages, including English and Chinese, and distributed the content to local foreigners. Under the new legislation, individuals infected with COVID-19 face up to one year of [...]
SEOUL, April 7 (Korea Bizwire) — The Ministry of SMEs and Startups said Monday that its “Win-Win Cooperation” project is paying off in the face of the coronavirus pandemic. According to the government, the daily production of four mask makers, backed by smart factory technology from Samsung Electronics Co., jumped 51 percent to 1.39 million [...]
SAMCHEOK, April 6 (Korea Bizwire) — The municipality of Samcheok in Gangwon Province plowed up canola flowers amid a rising influx of spring travelers, as part of efforts to limit the coronavirus outbreak. The measure comes after the cancellation of the annual canola festival and entry restrictions to the canola field. Cars entering the old [...]