BUSAN, May 20 (Korea Bizwire) — On the first official day of campaigning for the the June 1 local elections and parliamentary by-elections, candidates were seen engaging in a variety of unique strategies to attract voters. Kim Sam-soo, the main opposition candidate for a local council election in the southern port city of Busan, was [...]
SEOUL, May 20 (Korea Bizwire) — More than seven out of 10 South Koreans are in favor of giving medical assistance to North Korea struggling with a massive COVID-19 outbreak, a poll showed Friday. In a nationwide poll of 1,000 people aged 18 or above conducted by Gallup Korea from Tuesday to Thursday, 72 percent [...]
SEOUL, May 20 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Thursday it will issue 10 different kinds of non-fungible tokens (NFTs) by recreating its Chevrolet Tahoe SUV as a digital artwork. Illustrator Choi Hwan-wook and motion design artist Lee Cheon-seong participated in the production of the NFT. [...]
SEOUL, May 19 (Korea Bizwire) — More than eight out of 10 people who reported sexual harassment at the workplace said they suffered from some form of retaliation, a civic group reported Thursday. Gapjil 119, which campaigns against workplace abuses, announced its analysis of the 205 reports it received from abuse victims between January 2021 [...]
SEOUL, May 19 (Korea Bizwire) — Seoul’s Seondong district office said Wednesday it is introducing the country’s first policy of providing the younger generation with subsidies for hair loss treatment. The district enacted relevant ordinances earlier this month to set up a legal basis for the initiative. The ordinance defines ‘hair loss’ as a disease [...]
JEJU, May 19 (Korea Bizwire) – A construction project that started four years ago to expand Bijarim road that links Daecheon and Songdang in the southern island of Jeju and was subsequently halted is now expected to proceed. The Jeju Special Self-Governing Province Office said Wednesday it has completed revising the blueprints for the construction of a [...]
SEOUL, May 19 (Korea Bizwire) — Household income grew at the fastest pace on record in the first quarter on the back of the economic recovery and state relief funds for pandemic-hit merchants, data showed Thursday. The average household earned 4.83 million won (US$3,800) per month in the January-March period, up 10.1 percent from a [...]
SEOUL, May 19 (Korea Bizwire) — Major South Korean financial holding firm KB Financial Group Inc. has launched a drive to restore the honeybee ecosystem amid a sharp decline in the number of honeybees due to climate change. The group said Wednesday it will create a forest by planting 100,000 honey source trees such as [...]
SEOUL, May 18 (Korea Bizwire) — South Korean listed firms saw their first-quarter earnings fall from a year ago amid fast-rising inflation despite growths in operating profit and sales, the bourse operator’s data showed Wednesday. The consolidated net profit of 608 companies listed on the benchmark KOSPI totaled 41.69 trillion won (US$32.84 billion) in the [...]
SEOUL, May 18 (Korea Bizwire) — As an increasing number of young collectors are leading the booming art market in South Korea, listed auction houses have seen rising sales in the first quarter of this year. Seoul Auction, a major auction house and a gallery operator, sold 21.6 billion (US$17 million) won worth of art [...]