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“Out with Secondhand Smoke” in Seoul’s Gangnam District

“Out with Secondhand Smoke” in Seoul’s Gangnam District

SEOUL, Jun. 20 (Korea Bizwire) — In an attempt to stop the spread of secondhand smoke, the local government office of Gangnam-gu in Seoul has announced today that it is cracking down on people smoking in the streets. Gangnam-gu also said it was strengthening efforts to publicize the harms of smoking. Currently, there are a [...]

No More Special Treatment for Chaebol at Airports

No More Special Treatment for Chaebol at Airports

SEOUL, Jun. 20 (Korea Bizwire) — Going forward, the transport of goods by a third party on behalf of South Korean conglomerate (chaebol) heads will be banned completely. A new system will enable customs officials to monitor passageways for airport employees which, some say, acted as channels for smuggling. This is according to recommendations by [...]

Korean Students Set for Cross-America Bike Ride to Campaign for ‘Comfort Women’

Korean Students Set for Cross-America Bike Ride to Campaign for ‘Comfort Women’

LOS ANGELES, Jun. 19 (Korea Bizwire) – Two South Korean college students will set out on a trans-American bicycle ride this week, seeking to boost global awareness of Korean women forced into sexual slavery for Japanese troops during World War II. The students — 25-year-old Baek Hyun-jae and 22-year-old Lee Ho-jun — recently arrived in [...]

Gov’t, Party Officials Agree to Introduce 6-month Grace Period for New Shorter Work Week

Gov’t, Party Officials Agree to Introduce 6-month Grace Period for New Shorter Work Week

SEOUL, Jun. 20 (Korea Bizwire) – Senior officials the ruling Democratic Party (DP), the government and the presidential office on Wednesday agreed to introduce a six-month grace period for a new shorter working hours system that is set to go into effect from next month. Under a revised law passed in February, companies with 300 [...]

Hackers Steal $32 mln from Cryptocurrency Exchange Bithumb

Hackers Steal $32 mln from Cryptocurrency Exchange Bithumb

SEOUL, Jun. 20 (Korea Bizwire) — South Korea’s biggest cryptocurrency exchange, Bithumb, said Wednesday it lost 35 billion won (US$31.5 million) worth of cryptocurrencies in a hacking attack, highlighting concerns that cryptocurrency exchanges are vulnerable to cyber attacks. The theft took place between Tuesday night and dawn on Wednesday, Bithumb said in a statement. Bithumb [...]