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Expensive Imported Clothes Dryers Offer Worse Performance than Domestic Models

Expensive Imported Clothes Dryers Offer Worse Performance than Domestic Models

SEOUL, Jan. 15 (Korea Bizwire) — The Korea Consumer Agency has revealed that clothes dryers available in the market vary significantly in terms of price and performance, warning customers to make an informed decision when purchasing a clothes dryer. There were even some cases where a clothes dryer manufactured by a famous foreign company was [...]

S. Korean Shipyards Fare Well in 2018

S. Korean Shipyards Fare Well in 2018

SEOUL, Dec. 24 (Korea Bizwire) — South Korean shipbuilders showed better-than-expected performances this year on a rise in new orders, especially those for LNG ships, industry sources said Monday. The country’s shipbuilding sector, once a cornerstone of the country’s economic growth and job creation, has been reeling from mounting losses in the past few years, [...]

Hyundai Merchant Seeing Business Improvement

Hyundai Merchant Seeing Business Improvement

SEOUL, Sept 19 (Korea Bizwire) — Hyundai Merchant Marine Co., South Korea’s top shipping firm, is seeing its business performance improve sharply on the back of reduced costs and increased profit, its chief said Tuesday. “Compared to last year, our performance is improving significantly, based on a virtuous cycle of reduced costs and expanded profit,” [...]

Seoul Offers Discounts to “Hanbok” Wearers

Seoul Offers Discounts to “Hanbok” Wearers

SEOUL, May 2 (Korea Bizwire) – The Seoul Metropolitan Government announced Tuesday that it is offering 50 percent discounts to audience members wearing hanbok, Korean traditional attire, for 19 performances taking place at four of the city’s performance venues – the Sejong Center for the Performing Arts, Seoul Namsan Traditional Theater, Seoul Donhwamun Traditional Theater, and [...]

S. Korean winner of Chopin competition to perform at home next year

S. Korean winner of Chopin competition to perform at home next year

SEOUL, July 19 (Korea Bizwire) – Cho Seong-jin, the first South Korean winner of the International Frederic Chopin Piano Competition, will perform two solo recitals at home next year, officials said Tuesday. Cho is scheduled to perform at Lotte Concert Hall in Seoul on Jan. 4., and then at Tongyeong Concert Hall in Tongyeong, South Gyeongsang [...]

BMO Financial Group Reports Net Income of $1.2 Billion for the Third Quarter of 2015

BMO Financial Group Reports Net Income of $1.2 Billion for the Third Quarter of 2015

Financial Results Highlights: Third Quarter 2015 Compared with Third Quarter 2014: - Net income of $1,192 million, up 6%; adjusted net income(1) of $1,230 million, up 6% - EPS(2) of $1.80, up 8%; adjusted EPS(1,2) of $1.86, up 8% - ROE of 13.6%, compared with 14.4%; adjusted ROE(1) of 14.0%, compared with 14.9% - Provisions [...]