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S. Korea to Ban Marketing Activities for E-cigarettes

S. Korea to Ban Marketing Activities for E-cigarettes

SEOUL, Sept. 17 (Korea Bizwire) — Cigarette manufacturers will no longer be allowed to conduct various marketing activities for electronic devices used for smoking electronic cigarettes. The Ministry of Health and Welfare announced on Monday that new legislation will soon be implemented to ban such activities. The new legislation classifies electronic cigarettes as tobacco products

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Seoul Likely to Lose Megacity Status

Seoul Likely to Lose Megacity Status

SEOUL, Sept. 17 (Korea Bizwire) — Seoul is getting smaller and older in terms of population and could soon cease to be a megacity with over 10 million inhabitants, the capital’s government said Tuesday. According to the city government, the total number of residents in the capital was 10,049,607 as of the end of last

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Robo Advisors Outshine in Bear Market

Robo Advisors Outshine in Bear Market

SEOUL, Sept. 17 (Korea Bizwire) — Investments supported by so-called robo advisors, or computer programs that make financial decisions, outperformed the overall market in South Korea last month, when the local stock market remained bearish, data showed Tuesday. According to the data from Koscom Corp., the system manager of the Korean bourse operator Korea Exchange,

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Youth NGO Promotes Multi-use Straws

Youth NGO Promotes Multi-use Straws

SEOUL, Sept. 16 (Korea Bizwire) — A youth non-profit organization hoping to raise awareness of the severity of environmental problems caused by plastic straws and encouraging the use of eco-friendly straws has appeared in the headlines. The non-profit organization, Tong Gam, whose 150 members are mostly university students, was established in 2016 with the aim

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Foreigners Spend More to Settle in Seoul Than Tokyo

Foreigners Spend More to Settle in Seoul Than Tokyo

SEOUL, Sept. 16 (Korea Bizwire) — A recent study has showed that foreigners spend more money in the first three months to settle in Seoul than in Tokyo. Movinga, a German moving company, published the International Moving Price Index 2019 which showed that new residents typically spend $7,641 in the first three months to settle

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Samsung Questions Sponsorship of Tokyo Olympics amid Cooling Korea-Japan Relations

Samsung Questions Sponsorship of Tokyo Olympics amid Cooling Korea-Japan Relations

SEOUL, Sept. 16 (Korea Bizwire) — Samsung Electronics Co., an official sponsor of the Olympic Games, is at a crossroads as it faces deteriorating Korea-Japan relations and the upcoming Olympic Games Tokyo 2020. Japan’s export restrictions imposed against South Korea and the diplomatic chill since have put pressure on Samsung to withhold from promoting the

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Online Sales of Cosmetics Products to Reach 10 Trillion Won This Year

Online Sales of Cosmetics Products to Reach 10 Trillion Won This Year

SEOUL, Sept. 16 (Korea Bizwire) – Online transactions of cosmetics are expanding as the entire distribution industry is increasingly leaning towards online platforms in South Korea. Statistics Korea and the cosmetics industry reported that online transactions of cosmetics products reached 6.6 trillion won (US$5.6 billion) between January and July, up 20 percent since last year. Cosmetics sales

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