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Samsung to Rank No. 1 in Capital Spending Among Chipmakers This Year

Samsung to Rank No. 1 in Capital Spending Among Chipmakers This Year

SEOUL, Nov. 17 (Korea Bizwire) — Capital spending among chipmakers is expected reach US$90.8 billion this year, an industry tracker said Friday, with South Korea’s Samsung Electronics Co. leading the pact. According to the data compiled by IC Insights, Samsung Electronics’ annual facility investment for this year is estimated at $26 billion, accounting for more [...]

Dividend Payouts to Foreigners Soar 20 pct This Year

Dividend Payouts to Foreigners Soar 20 pct This Year

SEOUL, Nov. 16 (Korea Bizwire) –South Korean listed firms’ dividend payouts to foreign investors jumped more than 20 percent in the first nine months of the year due mainly to increased earnings, central bank data showed Thursday. Local listed companies paid foreign investors US$14.09 billion in dividends in the January-September period, up 20.5 percent from [...]

Over 50 Percent Report Witnessing Requests for Special Consideration in Hiring Process

Over 50 Percent Report Witnessing Requests for Special Consideration in Hiring Process

SEOUL, Nov. 14 (Korea Bizwire) – Cases of unfair hiring practices have been experienced or witnessed by at least half of all salaried workers, with 13.1 percent even being on the receiving end of requests for “favors”, according to job recruitment web service Incruit.  The results were generated from a questionnaire answered by 283 Incruit [...]

Only 38 Percent of Online Posts Positive on Automated Convenience Stores

Only 38 Percent of Online Posts Positive on Automated Convenience Stores

SEOUL, Nov. 13 (Korea Bizwire) – With new breakthroughs in artificial intelligence, self-driving cars, and other next generation technologies seemingly unveiled every other day, the potential impact of these innovations has drawn a line between optimists and pessimists, with the latter found to outnumber the former by a considerable margin, at least in South Korea. [...]

Nearly 40 Percent of S. Koreans Say They Lack Proper Travel Etiquette

Nearly 40 Percent of S. Koreans Say They Lack Proper Travel Etiquette

SEOUL, Nov. 13 (Korea Bizwire) — South Koreans give themselves low scores on overseas travel etiquette and are most ashamed of being noisy in public places, a survey said Monday. A poll conducted by Hankook Research on behalf of the Korea National Tourism Organization said South Koreans rated themselves 2.75 out of five on their [...]

Louis Vuitton Losing Past Luster in S. Korean Market

Louis Vuitton Losing Past Luster in S. Korean Market

SEOUL, Nov. 13 (Korea Bizwire) — Luxury brand Louis Vuitton has fallen behind its rivals in the South Korean market, with sales dipping into minus territory this year, industry data showed Monday. Sales at a leading department store for the international fashion house for the January-October period backtracked 5.3 percent. Demand for Louis Vuitton products [...]

Staff at University Hospitals Get Off Easy on Sexual Misconduct, Assault Crimes

Staff at University Hospitals Get Off Easy on Sexual Misconduct, Assault Crimes

SEOUL, Nov. 11 (Korea Bizwire) — Since 2014, approximately 300 professors and physicians completing residencies at national university hospitals have been caught committing crimes of sexual misconduct and assault. In troubling news, most perpetrators were found to have faced disciplinary measures that amounted to little more than a slap on the wrist. According to Kim [...]

82 Percent of SE Asian Students Rate Relationship Between S.Korea, ASEAN as “Good” or Better

82 Percent of SE Asian Students Rate Relationship Between S.Korea, ASEAN as “Good” or Better

SEOUL, Nov. 10 (Korea Bizwire) – International students hailing from ASEAN member countries think South Koreans and their country are “friendly”, “kind”, “hardworking” and “difficult”, according to a joint survey conducted by the ASEAN-Korea Centre and the Korean Institute of Southeast Asian Studies. From March to May, the two organizations spoke to 1,004 South Koreans [...]

Cryptocurrency Coming Under Increasing Malware Attack

Cryptocurrency Coming Under Increasing Malware Attack

SEOUL, Nov. 10 (Korea Bizwire) — Malicious code targeting cryptocurrency is increasing at an alarming rate with the rising value of virtual money, statistics showed Friday. According to Korea Internet & Security Agency (KISA), 5,366 cases of damage from ransomware were reported in the January-September period this year, up 3.7-fold from 1,438 in the same [...]