The Kyunghyang Daily Archives

Story Behind the Last ‘Cash Only’ Toll Road in Korea

SEOUL, Jan.12 (Korea Bizwire) – According to an exclusive report from The KyungHyang newspaper, a Korean daily journal, Macquarie Korea Infrastructure Financing (MKIF), the Australian company managing Gwangju’s second beltway, is rejecting the local government’s offer to financially support the installation of Highpass, an electric toll system. The route is the only toll road in Korea [...]

Why SK’s Chey Jr. Joins the Navy: Ernest Shackleton

SEOUL, Aug. 27 (Korea Bizwire) — Chey Min-jeong, 23-year-old daughter of SK Group chairman Chey Tae-won, has drawn public attention by applying for an officer spot in the Navy. This is the first time for a daughter of Korea’s chaebol family to volunteer for military service. After conducting an interview and physical examination last month, she [...]