SEOUL, Aug. 21 (Korea Bizwire) – The domestic shipbuilding industry was engulfed in a wave of low spirits as shipping publication “Tradewinds” and eBest Investment and Securities (eBest) both reported that French company CMA CGM had signed a letter of intent with two Chinese shipbuilding firms for nine container ships. The reason for the Korean [...]
SEOUL, Aug. 21 (Korea Bizwire) – With economic growth slowing and political tensions surrounding a number of issues continuing to fester, South Korea-China relations are entering a new era with less trade and investment between the two countries, a new report has claimed. The report released on Sunday by the Institute for International Trade suggests [...]
SEOUL, Aug. 21 (Korea Bizwire) – “Provided the current situation remains the same going forward, [industries] excepting a few such as semiconductors, general machinery and weapons manufacturing will lose market share. In particular, the automotive, shipbuilding, petrochemical, textiles, home appliances, and communications devices industries will see their respective global market share drop in 2025 compared [...]
SEOUL, Aug. 21 (Korea Bizwire) – The plight of female secretaries working for large corporations has come under the spotlight thanks to a study conducted by grad student Park Ji Yeon at Sookmyung Women’s University. Park crafted the study using in-depth interviews she carried out with 12 secretaries who had been on the job for [...]
YEONCHEON, South Korea, Aug. 21 (Korea Bizwire) – North Korea released water from a border dam without giving prior notice to South Korea on Monday, causing the water levels of a cross-border river downstream to rise dangerously, officials said. The North opened the floodgates of Hwanggang Dam on the western inter-Korean border, sending water into [...]
SEOUL, Aug. 21 (Korea Bizwire) – South Korea’s Army said Monday it has suspended the use of K-9 Thunder self-propelled howitzers for training purposes after a deadly blast at a local firing range last week. But it has left more than 1,000 K-9s already deployed for combat in operation. Two Army soldiers were killed when [...]
SEOUL, Aug. 21 (Korea Bizwire) — An average South Korean works 20 days a year until “tax freedom day,” with high income earners working up to four more months to cross the threshold, data showed Monday. The Korea Economic Research Institute (KERI) analyzed tax data from 2007 to 2015 based on income and effective tax [...]
BEIJING, Aug. 20 (Korea Bizwire) — A Chinese sign that read “Hanguocheng,” meaning South Korean food court, on the building of a restaurant mall in Wangjing, the once prosperous Koreatown in northeastern Beijing, has been replaced by “Meishijie,” or Gourmet food street. The change reflects an ever-rising anti-South Korean sentiment in China amid the current [...]
SEOUL, Aug. 20 (Korea Bizwire) — A Seoul court has recognized a Jordanian man as a refugee in a suit filed against the Seoul Immigration Office, citing there is a high possibility of political persecution if he goes back home, judiciary sources said Sunday. The man, whose identity has been withheld, is believed to have [...]
SEOUL, Aug. 20 (Korea Bizwire) — The Korea Forest Service (KFS) is planning to create 60,000 new jobs in the forestry sector by the year 2022, with the expectation that new occupations relevant to forestry will appear in stages. KFS head Kim Jae hyun said that the 60,000 jobs will consist of 5,000 in the [...]