SEOUL, Aug. 22 (Korea Bizwire) - A report showing the number of employees at seven major banks revealed that there were 4,076 fewer employees at the end of June compared to the same time last year. Of the 4,076 employees who either quit or were let go, 3,218 were temporary staff and the remaining 858 [...]
CHUNCHEON, Aug. 23 (Korea Bizwire) – Referred to as “Lake City” for its proximity to water, the city of Chuncheon in Gangwon Province is aiming to adopt a new moniker with its National Leisure Sports Festival to be held on August 25. Chuncheon’s road to becoming a domestic hub of leisure sports is a winding [...]
SEOUL, Aug. 23 (Korea Bizwire) — President Moon Jae-in ordered his defense chief Wednesday to launch a special probe into a military crackdown against the 1980 pro-democracy protests in Gwangju, specifically to verify whether the then military junta considered a possible air strike. “President Moon today ordered Defense Minister Song Young-moo to launch a special [...]
SEOUL, Aug. 23 (Korea Bizwire) — South Korean tech giant LG Electronics Inc. said Wednesday it will build a factory for the production of electric-vehicle (EV) parts in the United States with an estimated US$25 million, tapping deeper into the vehicle-components business. The construction of the plant in Hazel Park, near the industrial city of [...]
SEOUL, Aug. 22 (Korea Bizwire) – In the wake of South Korea’s pesticide egg scandal, popular unrest and indignation has fomented a change in attitudes that may not have been possible in ordinary times. As of the date of this article, none other than the president has spoken out about the need for reform. Reform [...]
SEOUL, Aug. 22 (Korea Bizwire) – Starting tomorrow, visitors to water.nier.go.kr will be able to view hyperspectral imagery of the Nakdong River taken since 2015. The footage was captured planes equipped with hyperspectral imaging sensors. Developed by the National Institute of Environmental Research, the purpose of the endeavor was to observe and record levels of [...]
SEOUL, Aug. 22 (Korea Bizwire) – The Korea Semiconductor Industry Association (KSIA) announced today that an investment forum specially devoted to the nurturing of startups and venture capital firms in the semiconductor industry will be launched in the near future. The purpose of the forum is to offer a variety of services such as management [...]
SEOUL, Aug. 22 (Korea Bizwire) – The former head of Lone Star Korea Steven Lee has been arrested in Italy after twelve years on the run. The 48-year old American citizen was apprehended by police earlier this month, according to the Ministry of Justice. His wanted status stems from questions over his role at the [...]
SEOUL, Aug. 22 (Korea Bizwire) — Wave, a ‘smart’ speaker that is the first AI gadget developed by South Korean web giant Naver, has received much attention for the massive investment the company made in its development, having chosen artificial Intelligence as the key technology of the next generation. The main functions of Wave include [...]
SEOUL, Aug. 22 (Korea Bizwire) — The organizing committee for the 2018 PyeongChang Winter Olympics and the United States Olympic Committee (USOC) on Tuesday announced their launch of a Korean youth mentorship program. In a statement, the organizations said the goodwill campaign is part of the USOC’s “Thank You, PyeongChang” initiative, designed to “contribute to [...]