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Korean Spicy Ramyun Surging in Popularity Across the Globe

Korean Spicy Ramyun Surging in Popularity Across the Globe

SEOUL, July 14 (Korea Bizwire) – South Korea is a food lover’s paradise. And there are a wide range of delicious dishes in every corner of the country to suit every taste as its people enjoy various culinary delights anytime, anywhere. Among other things, South Korea has a wide variety of noodles on offer, including [...]

S. Korea Recaptures No. 1 Spot in Shipbuilding Orders in 2018

S. Korea Recaptures No. 1 Spot in Shipbuilding Orders in 2018

SEOUL, Jan. 8 (Korea Bizwire) — South Korean shipyards, for the first time in seven years, ranked No. 1 in 2018 in terms of annual orders secured, industry data showed Tuesday. According to the data compiled by global research firm Clarkson Research Institute, local shipbuilders clinched new orders totaling a combined 12.63 million compensated gross [...]

Regulator to Ease Rules on Private Equity Funds

Regulator to Ease Rules on Private Equity Funds

SEOUL, Sept. 27 (Korea Bizwire) — The financial regulator said Thursday it will ease some rules on local private equity funds, with the aim of removing outdated restrictions on the industry and spurring competition with foreign rivals. Under the move, the Financial Services Commission (FSC) said it will allow local private equity funds to have [...]

Life Insurance Companies Continue Devious Practices

Life Insurance Companies Continue Devious Practices

SEOUL, Sept. 25 (Korea Bizwire) –A few South Korean life insurance companies still have misselling rates reaching nearly 1 percent regarding their insurance policies. Misselling is a sales practice in which a financial product or service is deliberately misrepresented or a customer is misled pertaining to certain information regarding the product. The practice has become [...]

KRX to Tighten Rules on Maximum Per-Case Stock Trading

KRX to Tighten Rules on Maximum Per-Case Stock Trading

SEOUL, Sept. 12 (Korea Bizwire) — The maximum possible number of shares investors can purchase in a single order will be reduced starting next week to prevent fat-finger errors, the local bourse operator said Wednesday. Investors will be allowed to buy a maximum of 1 percent of a firm’s total shares per order starting Monday, [...]

S. Korea’s Number of Childbirths Continues to Decline in June

S. Korea’s Number of Childbirths Continues to Decline in June

SEJONG, Aug. 22 (Korea Bizwire) — The number of newborns in South Korea fell again in June, government data showed Wednesday, in the latest sign of the chronically-low birthrate that has plagued Asia’s fourth-largest economy for more than a decade. About 26,400 babies were born in June, down 8.7 percent from 28,900 tallied a year [...]