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How CJ Became Ousted President’s Least Favorite Conglomerate With its Liberal Content

How CJ Became Ousted President’s Least Favorite Conglomerate With its Liberal Content

SEOUL, March 29 (Korea Bizwire) – The Park Geun-hye administration’s rule, which collapsed with its leader’s impeachment, was not the best of times for CJ, a major food and media conglomerate in South Korea. A year and half after President Park took office in 2013, CJ Vice Chairwoman Lee Mi-kyung (who was the de facto [...]

S. Korean Gov’t Calls for Crackdown on Fake News Ahead of Election

S. Korean Gov’t Calls for Crackdown on Fake News Ahead of Election

SEOUL, Mar. 29 (Korea Bizwire) — Acting President and Prime Minister Hwang Kyo-ahn on Monday called for a stern crackdown on fake news and other election crimes with the presidential election 41 days away. During a meeting of related ministers on preparation for the May 9 election day, Hwang also instructed the government to employ [...]

Lotte Doubles Down on Pandering to Chinese as Last Resort

Lotte Doubles Down on Pandering to Chinese as Last Resort

SEOUL, March 28 (Korea Bizwire) – As desperate times call for desperate measures, South Korean conglomerate Lotte is doubling down on its all-out efforts to pander to the Chinese market after 87 Lotte Mart stores were shut down by the Chinese government. Lotte’s unexpected move to send its Chinese consumers a message of understanding and [...]

Tamagotchi-Inspired Games “Raising” Presidents Popular with Impending Election

Tamagotchi-Inspired Games “Raising” Presidents Popular with Impending Election

SEOUL, March 27 (Korea Bizwire) – The newfound political awareness of South Koreans, after a months-long scandal that ended with the impeachment of President Park Geun-hye, has given rise to mobile games that let players be the kingmaker, running a virtual presidential election, or be the president themselves.  Developed by Goormsoft Corp., Raising President (title [...]

Pet Stories from South Korea’s Presidential Hopefuls

Pet Stories from South Korea’s Presidential Hopefuls

SEOUL, March 25 (Korea Bizwire) – Animal welfare has been a centerpiece of debate for South Korean politicians recently with the rising popularity of pets in the country. Data shows 21.8 percent of local households were living with animal companions in 2016 with the pet industry expected to triple by 2020 to a 6-trillion-won ($5.34 [...]

Lobby Body for S. Korean Conglomerates to Change Its Name After Presidential ‘Choi-gate’

Lobby Body for S. Korean Conglomerates to Change Its Name After Presidential ‘Choi-gate’

SEOUL, March 24 (Korea Bizwire) – The Federation of Korean Industries (FKI), the largest lobby body for large companies here, said Friday that it would boost transparency and switch to the role of a think tank for the corporate sector. Huh Chang-soo, chairman of the FKI, announced a set of reform measures that centers around [...]