SEOUL, Oct. 14 (Korea Bizwire) — While the private equity (PE) market has grown at a fast pace since deregulation in 2015, a number of problems have been exposed. According to Korea Financial Investment Association on Sunday, private equity funds (PEFs) are valued at 394.95 trillion won (US$333.2 billion), an all-time record. This year alone, [...]
SEOUL, Oct. 14 (Korea Bizwire) — Cases of animal abuse, which police have handed over to the prosecution as a result of indictment, have shown an upward trend over the past five years. According to data submitted to Rep. Kim Byung-kwan from the Korean National Police Agency, a total of 1,908 people were handed over [...]
SEOUL, Oct. 13 (Korea Bizwire) — South Korean shippers are considering joining hands to win massive liquefied natural gas (LNG) transportation orders to be placed by Qatar, industry sources said Sunday. Five bulkers — reportedly Korea Line Corp., Pan Ocean Co., SK Shipping Co., Hyundai LNG Shipping Co. and H-Line Shipping Co. — are set [...]
SEOUL, Oct. 12 (Korea Bizwire) — In the summer of 1908, a 37-year-old Hungarian got on a train that crossed the Hangang Railroad Bridge and arrived at Namdaemun Station. The plaza in front of the station was brimming with morning energy. Gentlemen were dressed in white, while women wearing pale-green veils and Japanese people in [...]
ANSAN, Oct. 10 (Korea Bizwire) — Local governments have been suffering from long-term, unauthorized vehicles that foreign workers have used and then abandoned when they were deported. In Danwon District, Ansan, Gyeonggi Province, 299 cars were found in the first half of this year alone. All the vehicles were either voluntarily disposed of or scrapped. [...]
SEOUL, Oct. 8 (Korea Bizwire) — Many adults think that the current education system offers a structure where parents’ jobs, academic credentials, and economic status can be passed on to their children. According to a poll released Monday by the World Without Worry About Shadow Education, 84.2 percent of the 1,115 adult respondents said they [...]
SEOUL, Oct. 7 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong is visiting India to check the world’s largest smartphone maker’s businesses there, industry sources said Monday, raising speculations that the South Korean tech giant may make further investment to expand its presence in the world’s second-largest smartphone market. Lee arrived in India on [...]
SEOUL, Oct. 6 (Korea Bizwire) — South Korea will restrict illegal aliens from leaving the country without prior notification in a move to prevent those who commit crimes here from fleeing the country by abusing the current report system, the justice ministry said Sunday. Until now, illegal immigrants could voluntarily leave the country after reporting [...]
SEOUL, Oct. 6 (Korea Bizwire) — Mercedes-Benz ranked third in September sales after Hyundai Motor Co. and Kia Motors Corp., beating three other domestic carmakers, industry data showed Sunday. The German carmaker sold 7,707 vehicles in the Korean passenger car market last month, a whopping rise from 1,943 units a year earlier, according to data [...]
SEOUL, Oct. 6 (Korea Bizwire) — Hyundai Heavy Industries Co., South Korea’s top shipbuilder, is likely to have a lengthy standoff with its labor union over this year’s wage deal, industry watchers said Sunday, adding a burden to its already struggling business. Hyundai Heavy has held 16 rounds of wage negotiations with the union since [...]