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Jeju Island Residents Fear Deployment of US Aircraft Carriers

Jeju Island Residents Fear Deployment of US Aircraft Carriers

SEOUL, March 29 (Korea Bizwire) – Concerns over further American military intervention are growing among residents of Jeju Island after the U.S. Aegis destroyer USS Stethem docked at the Jeju Naval Base before heading back to its home port in Japan. Anti-war organizations and town councils based in Gangjeong village, where the Naval base is [...]

POSCO to Offer Rewards for Second Child

POSCO to Offer Rewards for Second Child

SEOUL, March 29 (Korea Bizwire) – South Korean steelmaker POSCO is introducing new comprehensive birth encouragement policies that will help pregnant employees from pregnancy through to child care. The company’s labor union said yesterday that pregnant employees will receive support through all stages of pregnancy, from childbirth to babysitting, allowing employees to have a healthy [...]

Busan Police to Protect Vulnerable Convenience Stores

Busan Police to Protect Vulnerable Convenience Stores

BUSAN, March 29 (Korea Bizwire) – With crimes targeting convenience stores on the rise, the Busan Metropolitan police Agency announced yesterday plans to ramp up security of vulnerable retail business establishments. South Korea has experienced an increase in crimes targeting convenience stores as of late, and local police forces are now teaming up with major [...]

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 [...]

Corporate Watchdog Slaps 1.8 bln-won Fine on Lotte, Shilla Duty-free Shops

Corporate Watchdog Slaps 1.8 bln-won Fine on Lotte, Shilla Duty-free Shops

SEJONG, March 29 (Korea Bizwire) – South Korea’s corporate watchdog said Wednesday that it has imposed a combined 1.8 billion-won (US$1.6 million) fine on two duty-free shop operators — Lotte and Shilla — for colluding on discount events. Hotel Lotte Co., the operator of the country’s biggest Lotte Duty Free, and Hotel Shilla Co., the [...]

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 [...]

Korean Fashion Showroom to Open in New York Next Year

Korean Fashion Showroom to Open in New York Next Year

SEOUL, Mar. 29 (Korea Bizwire) — A permanent promotion venue for Korean fashion brands and designers will open in New York in February next year, the Ministry of Culture, Sports and Tourism said Monday. The ministry has pushed for the project in response to industry requests for a regular space for promotion and marketing at [...]

Lotte Doubles Down on Pandering to Chinese as Last Resort to Little Avail

Lotte Doubles Down on Pandering to Chinese as Last Resort to Little Avail

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 [...]