SEOUL, Jul. 8 (Korea Bizwire) — Some 15,000 abandoned animals at private animal protection centers located throughout South Korea are waiting for a new family. The government reported that the majority of the abandoned dogs are mixed breeds and beagles. According to the Ministry for Food, Agriculture, Forestry and Fisheries on Sunday, there are four [...]
SEOUL, Jul. 8 (Korea Bizwire) — Recently released data proves the hypothesis that teenagers are more easily addicted to gambling, such as online sports gambling, and that once they are addicted, it is hard for them to kick the habit. According to a recent report submitted to the National Assembly by the Korea Center on [...]
SEOUL, Jul. 8 (Korea Bizwire) — South Korea will invest 500 billion won (US$425 million) in overseas smart city projects to be built by local companies as it seeks to foster smart cities as a future growth driver, the transport ministry said Monday. In partnership with local pension funds and private investors, the ministry aims [...]
SEOUL, Jul. 7 (Korea Bizwire) — SK Trading International Co. (SKTI), a subsidiary of South Korea’s largest refiner SK Innovation Co., said Sunday it plans to quadruple its offshore low-sulfur fuel supply business next year to meet increased demand following strict environmental regulations by the International Maritime Organization (IMO). SKTI said it aims to increase [...]
SEOUL, Jul. 5 (Korea Bizwire) – Influencers, or celebrities on social networks, are rising as marketing leaders for the beauty industry, thanks to their massive popularity among the younger demographics. However, they also come with a series of side effects that serve as threats against the industry. “We signed a promotion contract with a popular [...]
SEOUL, Jul. 4 (Korea Bizwire) — In a meeting with President Moon Jae-in, SoftBank Group Corp. CEO Masayoshi Son on Thursday stressed the need for South Korea to invest aggressively into the artificial intelligence (AI) sector, according to Cheong Wa Dae. Moon had a 90-minute meeting with Son at the presidential compound, 50 minutes longer [...]
GWANGJU, Jul. 4 (Korea Bizwire) — South Korean victims of Japan’s wartime forced labor denounced Tokyo on Thursday for restricting tech material exports in an apparent response to the Korean top court’s rulings on compensation over Japan’s wrongdoings. Japan said earlier this week it will tighten regulations on exports to South Korea of high-tech chemicals [...]
SEOUL, Jul. 4 (Korea Bizwire) — Nearly 770 foreign investors have been permitted to live legally in South Korea over the past six years under a government immigrant investor program, the Ministry of Justice said Thursday. Under the Immigrant Investor Scheme for Public Business (IISPB) program launched in May 2013, a total of 766 foreigners [...]
SEOUL, Jul. 4 (Korea Bizwire) — South Korean soju and pork exports to Muslim countries, where alcohol and pork are normally forbidden, are rising. The Korea Agro-Fisheries & Food Trade Corporation (aT) reported on Wednesday that last year’s soju exports to Indonesia reached $1.3 million, a 10.1 percent increase from the previous year. Between January [...]
SEOUL, Jul. 4 (Korea Bizwire) — In the future, it will be mandatory for owners to hold their dogs’ collars or leashes when taking an elevator. The Ministry of Agriculture, Food and Rural Affairs said Wednesday that it will strengthen safety management of pet owners to prevent safety accidents. The measure has been brought up [...]