SEOUL, Nov. 14 (Korea Bizwire) – The finance ministries of South Korea and China held an inaugural meeting on bilateral economic exchanges Tuesday to discuss ways to boost cooperation on various industrial and economic issues involving major private companies, officials said. The inaugural South Korea-China economic cooperation and exchange meeting was held in the Chinese [...]
SEOUL, Nov. 14 (Korea Bizwire) — The government on Tuesday unveiled an ambitious plan to expand the size of the country’s video content industry to 40 trillion won (US$30.24 billion) by 2027. The government also plans to create a fund worth 1 trillion won by 2028 to help the industry produce globally competitive content, like [...]
SEOUL, Nov. 14 (Korea Bizwire) — Hyundai Motor Co. said Tuesday it has launched a campaign to promote South Korea’s bid to host the 2030 World Expo at this week’s summit gathering of the Asia Pacific Economic Cooperation (APEC) forum in San Francisco. Hyundai said it will mobilize custom-designed units of its electrified Ioniq 5, [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korea is considering partially suspending a 2018 inter-Korean military agreement as a precautionary measure against North Korean provocations in case it makes a third attempt to launch a spy satellite, sources said Tuesday. The Comprehensive Military Agreement calls for setting up buffer zones and no-fly zones near the [...]
SEOUL, Nov. 14 (Korea Bizwire) — The government said Tuesday all aircraft takeoffs and landings across South Korea will be temporarily prohibited to regulate noise during this year’s annual College Scholastic Ability Test (CSAT) later his week. According to the transportation ministry, aircraft takeoffs and landings will be restricted for 35 minutes between 1:05 p.m. [...]
SEOUL, Nov. 14 (Korea Bizwire) — President Yoon Suk Yeol said Tuesday the current ban on stock short selling will remain in effect until financial authorities devise measures to fundamentally prevent potential damage to retail investors. Yoon made the remarks during a Cabinet meeting, following the financial regulator’s decision to prohibit short selling in stocks [...]
JEJU, Nov. 14 (Korea Bizwire) – The Southern Bottlenose Dolphins of Jeju, beloved by Woo Young-woo, the heroine of the popular Korean drama ‘Extraordinary Attorney Woo,’ will now possess basic legal rights similar to those of a person. On Monday, the Jeju Special Self-Governing Provincial Government announced its intention to amend the ‘Jeju Special Self-Governing Province [...]
SEOUL, Nov. 14 (Korea Bizwire) – The number of individuals living with diabetes in Korea has surpassed 6 million, with over half of adults requiring diabetes management, including those in the pre-diabetes stage. On Monday, preceding World Diabetes Day (November 14), the Korea Disease Control and Prevention Agency (KDCA) released a report on the current status [...]
CHEONAN, Nov. 14 (Korea Bizwire) – The Ministry of Food and Drug Safety (MFDS) has recently announced plans to gradually broaden the scope of items covered by the Drug E-Labeling and Information Provision Service. This initiative, initially operated as a pilot project, is set to expand starting next year. The MFDS noted that Japan implemented a [...]
SEOUL, Nov. 13 (Korea Bizwire) –South Korea’s spy agency said Monday it has identified 38 fake Korean-language news websites suspected of being operated by Chinese companies. Two Chinese public relations companies — Haimai and Haixun — have created fake Korean news websites, posting articles of local news outlets without consent and posing as members [...]