SEOUL, March 27 (Korea Bizwire) — Brazilian Ambassador to South Korea has adopted an abandoned dog once cared for by an animal protection agency in Seoul. Nico, a mixed breed that was living at the Seoul Animal Care Center, was adopted on Friday by the Brazilian Ambassador to South Korea Marcia Donner Abreu. The dog [...]
SEOUL, March 27 (Korea Bizwire) — With travel resuming in the post-pandemic era, a number of multinational hotel chains are opening new properties in South Korea. Last November, a 15-story building near the Chinese Embassy in central Seoul became the new home of Le Méridien & Moxy Seoul Myeongdong. Le Méridien & Moxy are two [...]
SEOUL, March 27 (Korea Bizwire) — South Korea’s duty-free sales rose nearly 37 percent on-month in February, industry data showed Monday, as China resumed short-term entry for Korean travelers. Combined sales at duty-free shops in Asia’s fourth-largest economy came to 1.09 trillion won (US$837.4 million) last month, up 36.7 percent from a month earlier, according [...]
SEOUL, March 26 (Korea Bizwire) — The loan exposure of nonbanking financial companies to real estate project financing (PF) has spiked to an alarming level in recent years, posing potential credit risks amid a decline in the housing market, industry data showed Sunday. The volume of exposure by insurance companies, securities firms, credit card companies [...]
SEOUL, March 24 (Korea Bizwire) – South Korea’s overseas direct investment slightly increased in 2022 on-year to a fresh high on the back of the chips and automobile industries, although the overall growth was limited in the face of economic uncertainties, data showed Friday. The value of investments made overseas by South Korean companies reached [...]
SEOUL, March 24 (Korea Bizwire) — South Korean casino operators are showing signs of recovering from COVID-19 losses, thanks to the increase in the number of domestic and international tourists. Kangwon Land Inc. returned to profitability last year by recording an operating profit of 217.6 billion won (US$168 million), according to the Financial Supervisory Service. [...]
SEOUL, March 24 (Korea Bizwire) — South Korean companies are joining the Earth Hour campaign, in which people turn off the lights to raise awareness about the dangers of climate change. Hyundai Motor Co. announced that it will turn off all of the lights at company headquarters in southern Seoul for one hour on Saturday [...]
SEOUL, March 24 (Korea Bizwire) — South Korean steelmaker POSCO is taking proactive measures to improve the food served at company cafeterias to promote the well-being of its employees. Since January, the company’s steel plant in the southeastern city of Pohang has been holding a weekly event at the cafeteria in which it introduces a [...]
SEOUL, March 23 (Korea Bizwire) — The Seoul Metropolitan Government on Wednesday unveiled the schedule for a variety of festivities that will be held on Nodeul Island, a 119,854 square-meter island located near the country’s financial district of Yeouido. On April 1, some 100 teams of pet dogs and their guardians will participate in various [...]
JEONJU, March 23 (Korea Bizwire) — The Saemangeum reclaimed land on the southwest coast is rising as a prospective site for a Hollywood-scale film set. The U.S.-South Korea joint venture OCT E&M is currently planning to construct a large-scale film set in Saemangeum, and recently met with North Jeolla Province Gov. Kim Kwan-yong for a [...]