SEOUL, Sept. 5 (Korea Bizwire) — South Korean companies are making progress with localizing production of materials essential for semiconductors and displays, which were previously imported from Japan before restrictions were imposed on them by the Japanese government. A local company recently succeeded in developing ultra-pure hydrogen fluoride, which was one of the materials that [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korean food companies struggling with tepid domestic demand are turning their eyes to the U.S. for a breakthrough. As more Americans are taking an interest in Korean food, an increasing number of South Korean companies are beginning to see potential in the American market, many of which have [...]
SEOUL, Sept. 4 (Korea Bizwire) — Since its debut in 2010, “Running Man” has captivated fans at home and in the broader Asian region with its unique competition-oriented format and lineup of hilarious show members, becoming a fixture in Sunday evening prime time. It now is the longest-running variety show on the SBS channel. This [...]
SEOUL, Sept. 4 (Korea Bizwire) — Japan has announced its plans to permit the use of the Rising Sun Flag at the 2020 Tokyo Olympic and Paralympic Games. Many South Koreans see the Rising Sun Flag as a symbol of Japan’s aggression and militarism. According to SBS, a domestic broadcaster, the Tokyo Organizing Committee of [...]
SEOUL, Sept. 4 (Korea Bizwire) — The number of motorcycles and other two-wheeled accidents is on the rise due to the increasing popularity of delivery culture. Traffic accidents involving two-wheeled vehicles in Seoul totaled 6,404 this year as of August 31, according to the Seoul Metropolitan Police Agency (SMPA) Tuesday. Compared with the same period [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korea’s financial regulator said Wednesday it will ease some rules on financial firms investing in fintech firms, as part of its effort to promote the fintech industry. The new guideline, unveiled by the Financial Services Commission (FSC), will expand the scope of fintech firms for which financial firms’ [...]
SEOUL, Sept. 3 (Korea Bizwire) — A South Korean court has ruled that the dismissal of a university professor who made sexist remarks to his students, such as “getting married is getting a job,” was justified. The Seoul Administrative Court said Sunday that it had ruled against a plaintiff in a lawsuit filed against a [...]
SEOUL, Sept. 3 (Korea Bizwire) — As South Korea continues to boycott Japanese products in response to economic retaliation from Japan, this year’s most sought-after tourist destination for the Chuseok holidays is also changing. Wemakeprice Inc., a local open market operator, said that the majority of South Koreans booked flights to Vietnam, Thailand, and other [...]
SEOUL, Sept. 2 (Korea Bizwire) — Samsung Electronics Co. is set to launch two 5G smartphones in South Korea this week, bolstering its device portfolio for the next-generation network, industry officials said Monday. Samsung is expected to launch Galaxy Fold on Friday in the domestic market, in time to showcase the firm’s first foldable device [...]
SEOUL, Aug. 29 (Korea Bizwire) — More than 2,400 of the nation’s firefighters find themselves in a worrisome situation, as they have been classified as being at risk of taking the extreme measure of ending their own life. According to a report released Wednesday by the National Fire Agency (NFA), 2,453 people, or 4.9 percent [...]