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Savings Banks’ Household Loans Spike 20 pct Over Past Year

Savings Banks’ Household Loans Spike 20 pct Over Past Year

SEOUL, Nov. 23 (Korea Bizwire) – South Korean savings banks’ household lending has soared nearly 20 percent over the past year to top the 20 trillion-won (US$18.3 billion) mark despite their high interest, central bank data showed Thursday. Savings banks’ outstanding household loans stood at 20.6 trillion won as of end-September, up 19.8 percent from [...]

500 to 600 Hacking Attempts Made on Blue House Every Month, Says Presidential Aide

500 to 600 Hacking Attempts Made on Blue House Every Month, Says Presidential Aide

SEOUL, Nov. 23 (Korea Bizwire) – Attending a parliamentary budget subcommittee meeting on November 21, presidential aide Lee Jung-do briefly mentioned past occurrences of hacking attempts made on the Blue House when he said, “There are 500 to 600 hacking attempts from the outside made on the Blue House every month.”  Cyberattacks on government databases [...]

Samsung SDS’s Makes Foray into Chinese Distribution Industry

Samsung SDS’s Makes Foray into Chinese Distribution Industry

SEOUL, NOV. 22 (Korea Bizwire) – Samsung SDS is branching out into the Chinese distribution industry after signing a business agreement with the Guangzhou Post Office. The latest move by Samsung’s information technology affiliate will see the company work with Chinese shopping websites to deliver products around the globe. According to industry statistics, China’s e-commerce market [...]

Korean Cultural Center in Italy Promotes Korean Food to Local Bloggers

Korean Cultural Center in Italy Promotes Korean Food to Local Bloggers

ROME, NOV. 22 (Korea Bizwire) – The Korean Cultural Center in Italy has held a cooking class with local bloggers and journalists as part of efforts to promote Korean food. During the special cooking class which took place on Monday, nine bloggers and web magazine editors learned to make traditional Korean dishes as well as Korean-Italian [...]

Daejeon to Lease Remodeled Buildings to Low Income Earners

Daejeon to Lease Remodeled Buildings to Low Income Earners

DAEJEON, NOV. 22 (Korea Bizwire) – The Daejeon municipal government has announced plans to support remodeling projects for aged buildings and lease them to low income earners in the region at affordable prices. The fifth-largest city in South Korea is expected to tackle its housing issues by providing financial support to encourage more owners of aged [...]

Carpooling App Under Fire as Taxi Drivers Stage Major Protest

Carpooling App Under Fire as Taxi Drivers Stage Major Protest

SEOUL, Nov. 22 (Korea Bizwire) – In the latest chapter of the controversy revolving around rideshare startup Poolus’ 24/7 pickup feature, taxi drivers marched on the Seoul City Hall en masse, dashing the metropolitan government’s plans to hold a town hall meeting of reps from the carpooling, taxi and government sectors to hash out a [...]

Over 50 Percent of Workers Find Company Dinners to be “Discomforting”

Over 50 Percent of Workers Find Company Dinners to be “Discomforting”

SEOUL, NOV. 22 (Korea Bizwire) – A survey of salaried employees revealed that more than half held after-work company dinners – a staple of South Korean work culture – in low regard, listing reasons like “loss of personal time” and “having to spend time with those I feel uncomfortable with”. In May, jobs site Saramin [...]

Public Housing Complex Devises Simple Ways to Boost Residents’ Cognitive Health

Public Housing Complex Devises Simple Ways to Boost Residents’ Cognitive Health

SEOUL, Nov. 22 (Korea Bizwire) – Residents of a public housing apartment complex in Seoul’s Nowon District have seen their cognitive abilities improve thanks to a number of simple modifications and additions as part of the city’s “Cognitive Health Design” program. The metropolitan government surveyed 403 residents, 202 of them in their 40s and above, [...]

Gov’t Agency Showcases Smart Highway for Autonomous Cars

Gov’t Agency Showcases Smart Highway for Autonomous Cars

YEOJU, Nov. 22 (Korea Bizwire) — The Ministry of Land, Infrastructure and Transport has announced that it held an international event showcasing smart road technology suited for autonomous vehicles in the presence of a number of international observers. The event took place at a test site in Yeoju on November 20, with journalists and officials from [...]