text message Archives | Be Korea-savvy

Info on Changes to Insurance Fund Returns to be Provided by Text Messages

SEOUL, Aug. 22 (Korea Bizwire) — A new measure will require consumers to be provided with information of sudden changes in returns for variable life insurance funds via text message. The measure comes as critics have condemned the lack of information regarding fund returns, making it difficult for consumers to take active countermeasures. The Financial [...]

Landlord Cuts Rent in Half for Tenants Suffering from Depression due to MERS

CHEONGJU, Korea, June 25 (Korea Bizwire) – An impressive text message from a building owner to his tenants became the talk of town in Korea. The good-hearted landlord cut monthly rents by half after tenants suffered from financial difficulties due to the widespread Middle East Respiratory Syndrome (MERS). On June 21, Lee In-soo (50), who runs [...]