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Controversy Surrounding Forced Labor Court Ruling Escalates in Japan

Controversy Surrounding Forced Labor Court Ruling Escalates in Japan

SEOUL, Nov. 13 (Korea Bizwire) — Following a court ruling that ordered Nippon Steel & Sumitomo Metal Corp. to pay damages to four Korean victims who were forced into labor during the Japanese colonial era, the Japanese government has responded strongly, completely shaking up Korea-Japan relations. Japanese government officials have been continuously releasing resolute statements [...]

SK Innovation Creates Own Media Outlet to Relay Corporate News

SK Innovation Creates Own Media Outlet to Relay Corporate News

SEOUL, Nov. 13 (Korea Bizwire) — South Korea’s largest petrochemical company has set up its own communication channel in the form of an online media business to relay company information and other industry news. SK Innovation Co. stated yesterday it had created SKinno News in response to a need to directly communicate the latest news [...]

1 in 3 Seoulites Feel They Are “Extremely Isolated”

1 in 3 Seoulites Feel They Are “Extremely Isolated”

SEOUL, Nov. 13 (Korea Bizwire) — A new survey has found that 1 out of 3 Seoulites perceive themselves as living in extreme isolation from society. According to an online survey conducted by the Seoul Metropolitan Government between October 1 and 15, 28.8 percent of 1,000 Seoul residents (288 individuals) between the ages of 20 [...]

Korean Lawyers Representing Forced Labor Victims Visit Nippon Steel & Sumitomo Metal

Korean Lawyers Representing Forced Labor Victims Visit Nippon Steel & Sumitomo Metal

SEOUL, Nov. 13 (Korea Bizwire) — Lawyers representing forced labor victims who won a case at Korea’s Supreme Court for their past misery paid a visit to the head office of Nippon Steel & Sumitomo Metal Corp. (NSSM), the Japanese company that was ordered to pay damages, in Tokyo, Japan only to have the door [...]

Possible Visit to Mt. Halla by Kim Jong-un Not Without Challenges

Possible Visit to Mt. Halla by Kim Jong-un Not Without Challenges

SEOUL, Nov. 13 (Korea Bizwire) — With media outlets speculating on the possibility of having a helicopter carrying North Korean leader Kim Jong-un land near Baengnokdam Lake on Mt. Halla in Jeju, critics are weighing on the actual feasibility of the plan. Baengnokdam is a crater situated at the peak of Mt. Halla (1,960 meters [...]

Millions of ‘Idol Sandwiches’ Sold Only Months After Their Debut

Millions of ‘Idol Sandwiches’ Sold Only Months After Their Debut

SEOUL, Nov. 13 (Korea Bizwire) — So-called ‘idol sandwiches,’ known to be favored by certain K-pop stars, are selling like hotcakes at convenience stores. GS25, a major convenience store franchise, said that YouUs Idol’s Favorite Sandwich topped all food sales charts just two and a half months after its release, with more than 5 million [...]

Layoffs in the Cards at Troubled Shipyards

Layoffs in the Cards at Troubled Shipyards

SEOUL, Nov. 13 (Korea Bizwire) — South Korea’s embattled shipbuilding giants may conduct a wave of year-end layoffs in line with self-rescue measures agreed upon with creditors, industry sources said Tuesday. Stung by snowballing losses from tumbling orders and heavy debt, Daewoo Shipbuilding and Marine Engineering Co. (DSME), Samsung Heavy Industries Co. and Hyundai Heavy [...]

S. Korea’s Biggest Game Fair Set to Open in Busan

S. Korea’s Biggest Game Fair Set to Open in Busan

SEOUL, Nov. 13 (Korea Bizwire) — South Korea’s largest computing game expo is slated to open in Busan this week featuring a wide range of new computer and mobile games with virtual reality technology taking the center stage, sources said Tuesday. Hundreds of game developers and distributors from scores of countries will take part in [...]