SEOUL, Aug. 15 (Korea Bizwire) — Young South Koreans weigh more factors — and express greater concerns about economic strain and lost opportunities — when deciding whether to have children than their counterparts in Germany, Japan, France and Sweden, a new study shows. They are also more likely to perceive their society as unfair and [...]
SEOUL, Aug. 14 (Korea Bizwire) — A steep expansion of SK Telecom’s membership discounts — part of its compensation plan following a major hacking incident — has triggered a price war among South Korea’s mobile carriers, shifting competition from subsidies for new sign-ups to perks aimed at retaining existing customers. Since August 11, SK Telecom [...]
SEOUL, Aug. 14 (Korea Bizwire) — South Korea’s top container shipper, HMM Co., said Thursday it will buy back and cancel its own shares worth 2.14 trillion won (US$1.54 billion) as part of its shareholder return policy. In a regulatory filing, the company said it will repurchase roughly 81.8 million shares, or 7.98 percent of [...]
SEOUL, Aug. 14 (Korea Bizwire) – South Korean tech giant LG Electronics Inc. said Thursday its Indian arm posted record first-half earnings this year, reflecting the firm’s commitment to expanding its presence in emerging markets. The company’s business report showed the Indian subsidiary recorded sales of 2.2 trillion won (US$1.65 billion) in the January-June period, [...]
SEOUL, Aug. 14 (Korea Bizwire) — Korean Air Co. said Thursday it has completed the first stage of a large-scale lounge renewal project at Incheon International Airport, introducing redesigned spaces to enhance the preflight experience for customers. The overhaul at the airport, South Korea’s main gateway west of Seoul, includes the fully renovated Miler Club [...]
SEOUL, Aug. 14 (Korea Bizwire) — Netflix has emerged as the most satisfying streaming service for South Korean consumers, with content diversity ranking as the top factor influencing platform choice, according to a government survey released August 14. The Korea Consumer Agency polled 1,500 users — 300 each from Netflix, Disney+, Wavve, Coupang Play and [...]
SEOUL, Aug. 14 (Korea Bizwire) — South Korea could see its economy expand by the equivalent of 6% of GDP if the number of foreign residents increased by one million, according to a new study by the Korea Chamber of Commerce and Industry (KCCI) and a research team led by Professor Kim Deok-pa of Korea [...]
SEOUL, Aug. 14 (Korea Bizwire) — Motorola Korea has introduced the Moto g56 5G, a rugged smartphone designed to withstand extreme conditions, available exclusively through KT stores and its online shop starting August 14. The device is priced at 330,000 won ($250). The Moto g56 5G is certified to the U.S. Department of Defense’s MIL-STD-810H [...]
SEOUL, Aug. 14 (Korea Bizwire) — Nearly 80 years after Korea’s liberation from Japanese colonial rule, a majority of South Koreans believe remnants of pro-Japanese collaboration remain unaddressed, according to a new survey released Wednesday by the Heritage of Korean Independence (HKI). The nationwide poll, conducted August 1–7 by Korea Data World, found that 70.9% [...]
SEOUL, Aug. 13 (Korea Bizwire) — HD Hyundai, South Korea’s leading shipbuilding group, said Wednesday that senior government officials from South Korea and the United States visited its shipyard to discuss ways to expand bilateral cooperation in the shipbuilding sector ahead of a summit between their top leaders. Foreign Minister Cho Hyun; Joseph Yun, acting [...]