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Local Businesses Welcome Thaw Between South Korea, China

Local Businesses Welcome Thaw Between South Korea, China

SEOUL, May 22 (Korea Bizwire) – A thaw in deadlocked relations between South Korea and China over the deployment of an advanced U.S. ballistic missile defense system is showing signs of resuscitating vitality in exchanges in the public and private sectors between the two countries. Strained bilateral relations look somewhat mitigated of late as newly elected South Korean President Moon Jae-in is actively trying [...]

Home Appliances, Cars from China Dominating N. Korea

Home Appliances, Cars from China Dominating N. Korea

BEIJING, May 22 (Korea Bizwire) – Chinese-made electronic goods and cars are completely dominating the North Korean market amid the United Nations’ years-long tough economic sanctions against its unwavering nuclear and missile development, the office of the Korea Trade-Investment Promotion Agency (KOTRA) here said Sunday.  The North imported US$75.04 million worth of LCD TVs from [...]

South Korea Sees New Demand for Eco-Friendly Products Amid Growing Chemical Fears

South Korea Sees New Demand for Eco-Friendly Products Amid Growing Chemical Fears

SEOUL, May 19 (Korea Bizwire) – If there was one thing that South Koreans took away from the Oxy Reckitt Benckiser crisis, it was the devastating effects of chemical substances found in everyday products.  The scandal dates back a decade, when polyhexamethylene guanidine (PHMG), a substance that was used in commercial humidifier sterilizing agents, was discovered to [...]

87 Percent of South Koreans Have Positive Outlook on President Moon

87 Percent of South Koreans Have Positive Outlook on President Moon

SEOUL, May 19 (Korea Bizwire) – Nearly 90 percent of adult South Korean citizens have a positive outlook on President Moon Jae-in’s handling of state affairs, a survey showed Friday, reflecting high public support for the new liberal leader.  In the survey conducted from Tuesday through Thursday by local pollster Gallup Korea, 87 percent of [...]

Gov’t Eyes Operational Rules for UAVs

Gov’t Eyes Operational Rules for UAVs

SEOUL, May 19 (Korea Bizwire) – The government is moving to establish a set of integrated operational rules for unmanned aerial vehicles (UAVs) and piloted aircraft to ensure flight safety, the transport ministry said Thursday.  The Ministry of Land, Infrastructure and Transport said it will work with other government ministries and invest 30 billion won [...]

Antitrust Regulator to Scrutinize 4 Major Conglomerates: Nominee

Antitrust Regulator to Scrutinize 4 Major Conglomerates: Nominee

SEOUL, May 19 (Korea Bizwire) — The nominee to head South Korea’s antitrust regulator pledged Thursday to scrutinize four major conglomerates as he seeks to establish fair competition in Asia’s fourth-largest economy. “I will assess issues related to the four major groups in a more thorough manner when the Fair Trade Commission implements laws,” Kim [...]

Pirates’ Kang Jung-ho Loses Appeal over DUI Sentencing; Big League Career in Jeopardy

Pirates’ Kang Jung-ho Loses Appeal over DUI Sentencing; Big League Career in Jeopardy

SEOUL, May 19 (Korea Bizwire) — Beleaguered major league infielder Kang Jung-ho on Thursday lost his appeal of an earlier drunk driving sentence, a development that puts his playing career in jeopardy. The Seoul Central District Court rejected Kang’s appeal and upheld an eight-month sentence from March, which was suspended for two years, for leaving [...]

‘Gay Witch-Hunt’ Victim Jailed for 2 Years Despite Protests

‘Gay Witch-Hunt’ Victim Jailed for 2 Years Despite Protests

SEOUL, May 18 (Korea Bizwire) – Despite a series of protests calling for his release, the South Korean army captain at the center of a controversial ‘gay inquest’ in the army was sentenced to two years in prison this Tuesday after a verdict was reached at the country’s general military court. The captain, whose name is [...]

Controversy Over Facebook’s Free Network Usage Continues

Controversy Over Facebook’s Free Network Usage Continues

SEOUL, May 18 (Korea Bizwire) – The row between South Korean internet provider SK Broadband and social networking giant Facebook continues following reports of connection issues for Facebook users on SK Broadband connections. With the country witnessing for the first time a clash between a foreign content provider and a telecom network over shared broadband network [...]