BOSTON, March 23 (Korea Bizwire) — According to Verisk Extreme Event Solutions (formerly AIR Worldwide), insured losses to properties from the March 16 M7.3 earthquake that struck offshore the island of Honshu, Japan, will be between JPY 240 billion (~USD 2 billion) and JPY 490 billion (~USD 4 billion). Of that, between JPY 50 billion [...]
SEOUL, March 22 (Korea Bizwire) — A sculptor couple, known for their “comfort women” statue representing wartime sex slaves, has won a libel suit against an internet media operator who claimed another of the couple’s sculpture representing forced labor victims was modeled after a Japanese man. The Seoul Western District Court ordered the head of [...]
GWANGJU, March 7 (Korea Bizwire) — The number of registered surviving South Korean victims of wartime forced labor in Japan decreased by 585 for the past year, data showed Monday. A civic group unveiled government statistics on medical assistance provided to people who were conscripted to work in Japan during World War II. The data [...]
REDWOOD CITY, Calif., March 1 (Korea Bizwire) – Delphix, the industry leading data company for DevOps, today announced the appointment of Robert Stevenson as VP of Japan Operations. Stevenson will be tasked with leading Delphix’s next phase of growth in Japan and building a team to accelerate business in the world’s third largest economy. “Robert brings [...]
SEOUL, Feb. 28 (Korea Bizwire) – South Korea’s dependency on Japanese materials and parts fell to an all-time low last year following Tokyo’s control of exports of key products bound for Seoul, the industry ministry said Monday. Imports of Japanese materials, parts and equipment came to US$39.5 billion in 2021, accounting for 15.9 percent of [...]
SEOUL, Feb. 23 (Korea Bizwire) — A Seoul court on Wednesday ruled against South Korean victims of Japan’s wartime forced labor in a damages suit filed against Japanese companies, apparently on grounds that the cases’ statute of limitations has expired. The suit was filed against Japan’s Mitsubishi Heavy Industries Ltd. and Kumagai Gumi Co. by [...]
SEOUL, Feb. 22 (Korea Bizwire) — A Korean-made vegetable protein product is gaining popularity among Japanese men. South Korean food producer Pulmuone Co. said the cumulative sales of its tofu-based snack bar Tofu Bar topped the 10 million unit mark one year after being released in Japan. The company achieved such a milestone despite the [...]
TOKYO, Feb. 14 (Korea Bizwire) — The Japanese government has effectively excluded its 20th century wartime atrocity against Koreans in a letter of formal recommendation for its former gold and silver mine, according to informed sources Monday. Tokyo has launched a campaign to get the Sado mine designated as UNESCO world heritage next year despite [...]
SEOUL, Feb. 8 (Korea Bizwire) — South Korea’s leading carmaker Hyundai Motor Co. said Tuesday it has reentered the Japanese passenger vehicle market for the first time in 12 years, but this time with an online-only sales platform and all-electric models. Hyundai advanced into Japan in 2001 but pulled out of the neighboring market in [...]
TOKYO, Feb. 1 (Korea Bizwire) — The Japanese government on Tuesday sought the UNESCO World Heritage listing of a gold mine, according to a local media report, despite strong protests from South Korea over its connection to wartime forced labor Following approval from the Cabinet of Prime Minister Fumio Kishida, the Tokyo government submitted a [...]