SACHEON, June 17 (Korea Bizwire) — Korea Aerospace Industries Co. (KAI), South Korea’s sole aircraft manufacturer, aims to export the first Korean-made helicopter to Indonesia, a company executive said Wednesday. KAI has exported 16 T-50 advanced trainer jets and 20 KT-1 basic trainer jets to Indonesia in total. It has not achieved any deal from [...]
SEOUL, June 3 (Korea Bizwire) — The Korea Centers for Disease Control and Prevention (KCDC) will be promoted to an independent administrative organization, as the government seeks ways to ensure a better state response to a public health crisis like the COVID-19 pandemic. A new KCDC will have independent power over budget and personnel matters, [...]
CHUNCHEON, April 29 (Korea Bizwire) – Consumers are paying keen attention to a special online sales promotion of asparagus, which is underway this month in Gangwon Province following a similar promotion involving potatoes last month. Since April 20, the province has been selling 1-kilogram boxes of asparagus produced by farmers for 7,000 won (US$5.74). The promotion [...]
HONG KONG, CHINA, Jan. 10 (Korea Bizwire) - What better way to kick start the New Year than with ‘Dorsett Wanchai 3 Wishes’ room package that satisfies every wish and whim when you are travelling for business or leisure. Breakfast? Check. Dinner? Check. Free meal at a Michelin-recommended restaurant? Check…and more ‘wishes’ waiting to be discovered. [...]
SEOUL, Oct. 31 (Korea Bizwire) — As 2030 generation workers place importance on their own satisfaction and work-life balance, their desire to be promoted is also quite different from those in the older generations. According to a survey of 724 office workers in their 20s and 30s conducted by online job portal Saramin, 41.7 percent [...]
SEOUL, Feb. 18 (Korea Bizwire) — Samsung Electronics Co. is stepping up efforts to draw consumer attention to its new flagship smartphone, the Galaxy S10, ahead of its official launch in early March, company sources said Monday. The South Korean tech giant plans to throw parties with K-pop stars for Galaxy smartphone users in Seoul, [...]
SEOUL, Dec. 10 (Korea Bizwire) — South Korea will hold the 2019 Korea Grand Sale, an annual sales event to woo foreigners, early next year, the Visit Korea Committee (VKC) said Monday. During the upcoming discount event, which will take place from Jan. 17 to Feb. 28, local businesses will offer steep discounts and a [...]
SEOUL, Apr. 4 (Korea Bizwire) — The government will increase its policy support for public financial institutions so they can make more social impact investments, officials said Wednesday. Unlike charities or donations, so-called impact investments are aimed at offering funds to small companies or cooperatives for social causes that can generate financial returns. Chairing a [...]
BUSAN, Dec. 23 (Korea Bizwire) – “Corporate promotion programs” offered by local low-cost carriers have become extremely popular, and fruitful, for both airlines and their passengers. These types of programs, simply put, provide discounts on fares for all employees from affiliate companies, year-round. For instance, the journey from Seoul to Busan, a popular air route [...]
SEOUL, Dec. 5 (Korea Bizwire) – A bit of good news for old diesel car owners. Starting Monday, the government is offering an exemption of up to 1.43 million won ($1,217) in new vehicle purchasing taxes for those who junk diesel cars that are over 10 years old, a revision to the Restriction of Special [...]