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 [...]
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 [...]
INCHEON, Oct. 22 (Korea Bizwire) – The Nam District Office in the city of Incheon is undertaking a project whereby vacant public houses will be transformed into urban farms. District officials announced on October 20 that they had signed an MOU with the Korea Land and Housing Corporation (LH) for the comprehensive utilization of vacant houses, [...]
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 [...]
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 [...]
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, [...]
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 [...]
SEOUL, Oct. 20 (Korea Bizwire) – In the last 34 years, the proportion of GNDI (Gross National Disposable Income) composed of company revenue has grown while the share of household income has shrunk, according to data from the Bank of Korea that was submitted to the National Assembly’s Strategy and Finance Committee. The GNDI is [...]
BUSAN, Oct. 20 (Korea Bizwire) — The southern port city of Busan is home to a new group dedicated to minimum voting age reforms, which is expected to push for the voting rights of 18-year-olds in South Korea. The newly-launched Busan unit of the youth rights group committed to reforming youth laws announced on Friday that [...]
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 [...]