BUSAN, Aug. 23 (Korea Bizwire) — The Busan Metropolitan Government announced on August 23 that it will be holding a special raffle event as part of its citywide cleanup efforts. The event will be restricted to Millak Waterfront Park to tackle waste left by visitors who do not correctly dispose of their garbage. To place [...]
SEOUL, Aug. 23 (Korea Bizwire) — A report released on August 22 ranking the fourteen major life insurance companies by risk-based capital ratios showed four of the top five places occupied by foreign companies. Samsung Life Insurance held down second place with a 331.8 risk-based capital ratio (RBC), followed closely by Lina Life Insurance with [...]
SEOUL, Aug. 23 (Korea Bizwire) –The committee tasked with revamping Lotte’s company culture revealed on August 22 that it had convened a meeting at a Lotte beverage factory in Chungju. One of the noteworthy topics discussed at the meeting was the idea for a “reverse mentoring” initiative to encourage understanding between employees of different ages [...]
IKSAN, South Korea, Aug. 23 (Korea Bizwire) — Police said Wednesday they have arrested two members of a six-man theft ring accused of having dug a 40-meter tunnel in South Korea’s central province of North Chungcheong for more than one month to pilfer oil from an underground pipeline. The Iksan Police Station in southwestern South [...]
SEOUL, Aug. 22 (Korea Bizwire) - A report showing the number of employees at seven major banks revealed that there were 4,076 fewer employees at the end of June compared to the same time last year. Of the 4,076 employees who either quit or were let go, 3,218 were temporary staff and the remaining 858 [...]
CHUNCHEON, Aug. 23 (Korea Bizwire) – Referred to as “Lake City” for its proximity to water, the city of Chuncheon in Gangwon Province is aiming to adopt a new moniker with its National Leisure Sports Festival to be held on August 25. Chuncheon’s road to becoming a domestic hub of leisure sports is a winding [...]
SEOUL, Aug. 22 (Korea Bizwire) – In the wake of South Korea’s pesticide egg scandal, popular unrest and indignation has fomented a change in attitudes that may not have been possible in ordinary times. As of the date of this article, none other than the president has spoken out about the need for reform. Reform [...]
SEOUL, Aug. 22 (Korea Bizwire) – South Korea will provide $200,000 worth of humanitarian aid to Nepal, which was hit hard by recent heavy rains and floods, the foreign ministry said Tuesday. The heavy rains that started late last week and the resulting floods and mudslides in Nepal have killed more than 130 people so [...]
SEOUL, Aug. 22 (Korea Bizwire) – Starting tomorrow, visitors to water.nier.go.kr will be able to view hyperspectral imagery of the Nakdong River taken since 2015. The footage was captured planes equipped with hyperspectral imaging sensors. Developed by the National Institute of Environmental Research, the purpose of the endeavor was to observe and record levels of [...]
SEOUL, Aug. 22 (Korea Bizwire) – The Financial Supervisory Service (FSS) said Monday it has published a guidebook on local finance for English and Indonesian speakers so that they can use full and reliable services in South Korea. The Foreign Residents’ Guide to Personal Banking and Finance in Korea contains information on banking, currency exchange, [...]