WASHINGTON, Oct. 14 (Korea Bizwire) — This year’s Nobel economics prize laureates on Monday applauded South Korea’s economic rise, a key subject of their research, but pointed out a set of challenges ahead, including the fast-graying population of Asia’s fourth largest economy. They also drew a stark contrast between the economic backwater of North Korea [...]
WASHINGTON, Oct. 14 (Korea Bizwire) — About a dozen South Korean companies on Monday showcased their cutting-edge military products, including an unmanned ground vehicle, border patrol drone and automatic artillery bore cleaner, at a major exhibition in Washington, amid growing prospects for defense industrial cooperation with the United States. The Association of the U.S. Army [...]
SEOUL, Oct. 15 (Korea Bizwire) — Lottery sales in South Korea rose 7 percent on-year during the first half of this year to reach an all-time high, data showed Tuesday. Sales of lottery tickets stood at 3.62 trillion won (US$2.67 billion) in the January-June period of 2024, compared with 3.38 trillion won the previous year, [...]
SEOUL, Oct. 15 (Korea Bizwire) — “Culinary Class Wars,” Netflix’s popular Korean reality show, will return for a second season next year, the streaming service said Tuesday. The original production team, including producers Kim Hak-min and Kim Eun-ji, along with writer Mo Eun-seol, will reunite for Season 2, which is expected to premiere in the [...]
SEOUL, Oct. 15 (Korea Bizwire) — Container shipping costs from South Korea to China rose for the eighth consecutive month in September, the customs agency said Tuesday. The average shipping cost for a 40-foot container from South Korea to China climbed 17.6 percent on-month to 862,000 won (US$634.48) last month, according to the data from [...]
SEOUL, Oct. 15 (Korea Bizwire) — The music video for K-pop girl group BLACKPINK’s “Pink Venom” topped 900 million views on YouTube on Friday, the group’s agency said. “Pink Venom” is the prereleased track off the quartet’s second full-length album, “Born Pink,” released in 2022. YG Entertainment said the song’s music video hit the milestone [...]
SEOUL, Oct. 15 (Korea Bizwire) — SPC Group, a South Korean food and beverage company, said Tuesday its bakery brand Paris Baguette has opened its 600th overseas outlet in Canada as part of its global expansion strategy. SPC has opened 30 outlets in North America this year, bringing the total in the mainstay markets to [...]
SEOUL, Oct. 15 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co., a major South Korean shipyard, said Tuesday it has secured a 339.6 billion-won (US$250 million) order to build two very large ammonia carriers (VLACs) from an Oceanian shipper. HD Hyundai Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will [...]
SEOUL, Oct. 15 (Korea Bizwire) – Jang Jae-hyun’s supernatural thriller “Exhuma” has been awarded the Special Jury Award at the Sitges Film Festival in Spain, the movie’s local distributor Showbox said Tuesday. The festival, renowned for celebrating fantasy and horror genres since its inception in 1968, honored the film during its 57th edition. Starring Choi Min-sik and Kim [...]
SEOUL, Oct. 15 (Korea Bizwire) — The SSG Landers announced Tuesday they will hold a retirement ceremony next year for their former outfielder Kim Kang-min. Kim, 42, announced his retirement after spending the 2024 Korea Baseball Organization (KBO) season with the Hanwha Eagles. But he had played for the Landers/SK Wyverns franchise from 2002 to [...]