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Platonic Friendships Between Men and Women Take Center Stage on South Korea TV

Platonic Friendships Between Men and Women Take Center Stage on South Korea TV

SEOUL, Jul. 26 (Korea Bizwire) — The complex nature of platonic friendships between men and women are proving to make good television, as an increasing number of South Korean TV networks are airing shows that are based on this concept. The fine line between a friendship and a relationship between men and women is no stranger [...]

S.M. Entertainment Artists to Broadcast Live from Hyundai Solati

S.M. Entertainment Artists to Broadcast Live from Hyundai Solati

SEOUL, Jul. 26 (Korea Bizwire) — A collaboration between S.M. Entertainment and Hyundai Motor will see artists from one of the biggest South Korean entertainment companies hit the airwaves in a special mobile studio based on Hyundai’s Solati van. The project dubbed ‘Solati Moving Studio’ was revealed on Tuesday to some surprise, as the unexpected partnership [...]

Government Bans Use of Nitrous Oxide as a Hallucinogenic

Government Bans Use of Nitrous Oxide as a Hallucinogenic

SEOUL, Jul. 26 (Korea Bizwire) — The South Korean government has criminalized the sale and use of nitrous oxide for the purpose of hallucination, bringing an end to the so-called ‘Happy Balloons’ that have become popular among young Koreans. A new toxic chemicals law amendment was passed after a National Assembly vote, establishing legal grounds to [...]

S. Korea to Lower Maximum Legal Lending Rate to 24 pct Next Year

S. Korea to Lower Maximum Legal Lending Rate to 24 pct Next Year

SEOUL, Jul. 26 (Korea Bizwire) — South Korea will lower the maximum legal lending rate to 24 percent from next year and strengthen supervision of private lenders, in a move to help ease financial burdens for desperate borrowers, the nation’s top financial regulator said Wednesday. Choi Jong-ku, the new chairman of the Financial Services Commission [...]

Samsung Group Funds Rate of Return Tops 30 on Solid Earnings: Sources

Samsung Group Funds Rate of Return Tops 30 on Solid Earnings: Sources

SEOUL, Jul. 26 (Korea Bizwire) — The rate of return for equity funds of Samsung Electronics Co. and other Samsung Group-related firms exceeded 30 percent this year amid the bullish market backed by solid corporate earnings and the global economic recovery, industry data showed Wednesday. The benchmark Korea Composite Stock Price Index (KOSPI) rose 20.40 [...]

LG Electronics Wins Safety Certificate for High-end Home Appliances

LG Electronics Wins Safety Certificate for High-end Home Appliances

SEOUL, Jul. 26 (Korea Bizwire) — LG Electronics Inc. said Wednesday it received a safety certificate from a U.S. evaluator for the high-end LG Signature home appliances. The South Korean tech giant said the approval was granted by U.S.-based safety certification firm Underwriter Laboratories on four premium Signature products — organic light-emitting diode (OLED) TV, [...]

Online Sales of Smartphones Sluggish in S. Korea: Data

Online Sales of Smartphones Sluggish in S. Korea: Data

SEOUL, Jul. 26 (Korea Bizwire) — Sales of smartphones through online platforms in South Korea remain sluggish compared with other countries, data showed Wednesday, due mainly to strong dominance of mobile carriers in the mobile phone market. According to the data compiled by Strategy Analytics, the sales of smartphones through online platforms in the country [...]