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Abandoned Places Transformed into Popular Tourist Attractions, Invigorating Local Economies

Abandoned Places Transformed into Popular Tourist Attractions, Invigorating Local Economies

UIJEONGBU, Oct. 20 (Korea Bizwire) – Local governments in Gyeonggi Province are reaping the rewards from transforming deserted places into cultural attractions. According officials from the province and the city of Pocheon on October 20, deserted facilities that were revamped into cultural spaces include abandoned coal mines turned into a Cave Theme Park and Art [...]

Samsung and LG to Raise Subsidies with iPhone 8 Launch Imminent

Samsung and LG to Raise Subsidies with iPhone 8 Launch Imminent

SEOUL, Oct. 22 (Korea Bizwire) – With the South Korean launch of the iPhone 8 looming, much attention is being paid to how Apple’s latest phone will affect the domestic mobile communication market in Korea. Some anticipate that cutthroat competition will come about surrounding the abolishment of upper limits on subsidies and the newly instituted 25 [...]

North Korea Stops Provocation Temporarily Amid Trump Visit Next Month

North Korea Stops Provocation Temporarily Amid Trump Visit Next Month

SEOUL, Oct. 20 (Korea Bizwire) – More than a month has passed since North Korea’s last military provocation, an intermediate-range ballistic missile launch, with U.S. President Donald Trump set to visit South Korea within a few weeks. The gap between the North Korean government’s controversial missile tests is the longest hiatus of military provocation since South [...]

Stories of Couples Opting for Vasectomies Before Marriage Add to Concerns Over Low Birthrate

Stories of Couples Opting for Vasectomies Before Marriage Add to Concerns Over Low Birthrate

BUSAN, Oct. 20 (Korea Bizwire) – A conference titled ‘Marriage Is’ was held by the Busan Woman NGO Federation on October 20 in Busan, where 200 men and women of marriageable age, led by an expert from the Busan Women and Family Development Institute (BWFDI), participated in a wide-ranging discussion on the current challenges surrounding [...]

Shares in South Korean Companies Tumble Following Rumors of iPhone X Delayed Release

Shares in South Korean Companies Tumble Following Rumors of iPhone X Delayed Release

SEOUL, Oct. 20 (Korea Bizwire) – Foreign speculation that the iPhone X release may be delayed lowered the stock value of South Korean parts suppliers LG Innotek, Samsung SDI and Samsung Electro-Mechanics on October 19, according to industry experts. The share prices of each of the companies dropped below their respective valuations on September 13, [...]

Semiconductor Boom Leading to Increased Industrial Investment, but Employment Still Lagging Behind

Semiconductor Boom Leading to Increased Industrial Investment, but Employment Still Lagging Behind

SEOUL, Oct. 20 (Korea Bizwire) – Details of a report from the Bank of Korea released October 19 indicate that the recent boom in semiconductor manufacturing for domestic companies has led to increased plant and equipment investment, while employment figures remain nearly constant. The report identified the periods between the fourth quarters of 2002 and [...]

Financial Governance Bodies Form Task Force to Draft Cryptocurrency Regulations

Financial Governance Bodies Form Task Force to Draft Cryptocurrency Regulations

SEOUL, Oct. 20 (Korea Bizwire) – A task force comprised of financial governance bodies such as the FSC (Financial Services Commission), the KFTC (Korea Fair Trade Commission) and the Ministry of Justice is currently in the process of reviewing existing financial law with the aim of laying out explicit parameters for punishable actions regarding the [...]