UIJEONGBU, Aug. 15 (Korea Bizwire) — A South Korean appeals court has upheld fines for two marriage brokers who illegally shared personal information of Vietnamese women with male clients via KakaoTalk, ruling the act violated the country’s marriage brokerage law. On August 15, the Uijeongbu District Court dismissed the appeals of two individuals, identified as [...]
SEOUL, Aug. 14 (Korea Bizwire) — A steep expansion of SK Telecom’s membership discounts — part of its compensation plan following a major hacking incident — has triggered a price war among South Korea’s mobile carriers, shifting competition from subsidies for new sign-ups to perks aimed at retaining existing customers. Since August 11, SK Telecom [...]
SEOUL, Aug. 14 (Korea Bizwire) — South Korea’s top container shipper, HMM Co., said Thursday it will buy back and cancel its own shares worth 2.14 trillion won (US$1.54 billion) as part of its shareholder return policy. In a regulatory filing, the company said it will repurchase roughly 81.8 million shares, or 7.98 percent of [...]
SEOUL, Aug. 14 (Korea Bizwire) – South Korean tech giant LG Electronics Inc. said Thursday its Indian arm posted record first-half earnings this year, reflecting the firm’s commitment to expanding its presence in emerging markets. The company’s business report showed the Indian subsidiary recorded sales of 2.2 trillion won (US$1.65 billion) in the January-June period, [...]
SEOUL, Aug. 14 (Korea Bizwire) — Korean Air Co. said Thursday it has completed the first stage of a large-scale lounge renewal project at Incheon International Airport, introducing redesigned spaces to enhance the preflight experience for customers. The overhaul at the airport, South Korea’s main gateway west of Seoul, includes the fully renovated Miler Club [...]
SEOUL, Aug. 14 (Korea Bizwire) — The South Korean government is moving to ease staffing requirements for home-based hospice services in an effort to expand access to end-of-life care that allows patients to die with dignity at home. According to the Ministry of Health and Welfare, a proposed amendment to the enforcement regulations of the Act [...]
SEOUL, Aug. 14 (Korea Bizwire) — Netflix has emerged as the most satisfying streaming service for South Korean consumers, with content diversity ranking as the top factor influencing platform choice, according to a government survey released August 14. The Korea Consumer Agency polled 1,500 users — 300 each from Netflix, Disney+, Wavve, Coupang Play and [...]
SEOUL, Aug. 14 (Korea Bizwire) — Seoul Metro is appealing for commuter cooperation as it struggles to manage a flood of complaints over subway heating and cooling, with the vast majority concerning uncomfortably hot trains. From May to July this year, the operator received more than 340,000 temperature-related grievances — an average of 3,520 per [...]
SEOUL, Aug. 14 (Korea Bizwire) — South Korea could see its economy expand by the equivalent of 6% of GDP if the number of foreign residents increased by one million, according to a new study by the Korea Chamber of Commerce and Industry (KCCI) and a research team led by Professor Kim Deok-pa of Korea [...]
SEOUL, Aug. 14 (Korea Bizwire) — The South Korean government will create an interagency task force to support a shipbuilding partnership with the United States, a project officials say could open new markets for Korean shipyards while aiding the revival of America’s own maritime industry. Industry Minister Kim Jung-kwan announced the plan on Thursday during [...]