SEOUL, April 14 (Korea Bizwire) — The U.S. sports broadcasting giant ESPN has approached the Korea Baseball Organization (KBO) about possibly airing South Korean baseball games to the American audience, informed sources told Yonhap News Agency on Tuesday. The sources added that ESPN, for the time being, is showing only some passing interest, and nothing [...]
CHUNCHEON, Aug. 20 (Korea Bizwire) — The 2019 Chuncheon World Leisure Sports Festival, which kicks off on September 6, will also host an Agility Festival for pets. Animals and Humans, a South Korean animal welfare agency, will hold the Agility Festival alongside various pet-related events at Chuncheon Songam Sports Town on September 7 and 8. [...]
CHANGWON, Apr. 1 (Korea Bizwire) — The 57th Jinhae Gunhangjae (Jinhae Naval Port Festival), South Korea’s largest cherry blossom festival, begins today. Changwon, located in South Gyeongsang Province, was already bustling with tourists on March 31, who had come to enjoy the mesmerizing view of some 360,000 fully-bloomed cherry blossom trees. In particular, the view [...]
SEOUL, Jan. 8 (Korea Bizwire) — South Korean shipyards, for the first time in seven years, ranked No. 1 in 2018 in terms of annual orders secured, industry data showed Tuesday. According to the data compiled by global research firm Clarkson Research Institute, local shipbuilders clinched new orders totaling a combined 12.63 million compensated gross [...]
SEOUL, Dec. 28 (Korea Bizwire) — The Jeongdongjin Coast has been voted the most popular place to watch the sun rise. With Innovation, a South Korean company that provides lodging solutions, asked 400 travel experts about the best place to watch the sun rise in South Korea, 21.3 percent of whom chose the Jeongdongjin Coast [...]
SEJONG, Nov. 28 (Korea Bizwire) — Starting next month, hydrogen filling stations will be permitted for installation at existing green belt LNG stations. The Ministry of Land, Infrastructure and Transport announced that an amendment bill lifting restrictions on hydrogen filling stations in green belt areas was approved on Tuesday, and scheduled to take effect next [...]
SEOUL, Nov. 23 (Korea Bizwire) — A recent study has revealed that South Korean consumers are increasingly turning to imported beef over domestic varieties. In certain distribution channels, imported meat sales are even surpassing sales of Korean beef. TMON Inc., a popular e-commerce company, said on Thursday that imported beef sales comprised as much as [...]
SEOUL, Sept. 27 (Korea Bizwire) — The financial regulator said Thursday it will ease some rules on local private equity funds, with the aim of removing outdated restrictions on the industry and spurring competition with foreign rivals. Under the move, the Financial Services Commission (FSC) said it will allow local private equity funds to have [...]
SEOUL, Sept. 25 (Korea Bizwire) –A few South Korean life insurance companies still have misselling rates reaching nearly 1 percent regarding their insurance policies. Misselling is a sales practice in which a financial product or service is deliberately misrepresented or a customer is misled pertaining to certain information regarding the product. The practice has become [...]
SEOUL, Sept. 12 (Korea Bizwire) — The maximum possible number of shares investors can purchase in a single order will be reduced starting next week to prevent fat-finger errors, the local bourse operator said Wednesday. Investors will be allowed to buy a maximum of 1 percent of a firm’s total shares per order starting Monday, [...]