President Park Geun-hye Archives | Be Korea-savvy
Business Hotel Pledges Free Rooms if President Steps Down

Business Hotel Pledges Free Rooms if President Steps Down

BUSAN, Nov. 22 (Korea Bizwire) – A business hotel in Busan has attracted a lot of attention after promising free accommodations on the day that Korea’s troubled President Park Geun-hye steps down.  At the front of the hotel entrance were two banners that read “President Park Geun-hye’s Resignation – Big Event – All Rooms Free [...]

Luxury Bag-Maker Under Fire for ‘VIP Marketing’

Luxury Bag-Maker Under Fire for ‘VIP Marketing’

SEOUL, Oct. 28 (Korea Bizwire) – Korean high-end bag maker Hormiga is under fire for false marketing, promoting one of its ostrich leather handbags as if it had been worn by President Park Geun-hye, with an astronomical price tag of $14,000.  The company introduced the bag on its homepage with the description the handbag that [...]

“Stock Grant” to be Implemented to Discourage Banks’ Self-protectionism

“Stock Grant” to be Implemented to Discourage Banks’ Self-protectionism

SEOUL, Aug. 20 (Korea Bizwire) — After President Park Geun-Hye publicly denounced the prevalent mannerism in the financial industry, financial authorities are considering adopting long-term performance-based incentive payment schemes such as “stock grant” for commercial bank employees to remedy the situation. Most banks have already adopted long-term incentive payment systems, but only executives and high-ranking managers are allowed [...]

[Feature] Temple Stay, Iconic Tourism Asset for “The Land of Morning Calm”

[Feature] Temple Stay, Iconic Tourism Asset for “The Land of Morning Calm”

SEOUL, May 4 (Korea Bizwire) –  In a survey taken three years ago, as many as 85 percent of Koreans said they are not happy. The news report was indeed shocking to the viewers. In a follow-up questionnaire about “spiritual quotient” in late 2011 conducted by the Cultural Corps of Korean Buddhism on 5,011 adults, asking [...]