SEOUL, Korea, Jan 15 (Korea Bizwire) – As the baby boomers in their 50s or older retire from their urban jobs, the number of those who come back to the farms is on the rise. As of the end of last year, there are 47,000 such households in the countryside. Some of the retirees opt to grow [...]
SEOUL, Korea, Jan 14 (Korea Bizwire) – There are more cars in the market with tires that keep running even after they are punctured. Such tires are divided into two types: run-flat tires and sealant tires. Run-flat tires have self-supporting rubber strips in the side walls of the tire, which enables the vehicle to continue to be [...]
SEOUL, Korea, Jan 14 (Korea Bizwire) – As the pet market grows rapidly, there are more and more pet owners who make respectable incomes from the pets. For example, dog breeders can fetch an average of 500,000 to 1 million won for purebreds. The breeding fee skyrockets if the dog wins awards in canine shows. This is [...]
SEOUL, Korea, Jan 14 (Korea Bizwire) – There have been so many instances in which tenants of commercial buildings are kicked out on the street without being paid back with their deposit money. Although there are laws intended to protect tenants from exactly such unfortunate situations, enforcement has been spotty at best. The main reason disputes between [...]
SEOUL, Korea, Jan 13 (Korea Bizwire) - Seoul Grand Park, a public park complex to the south of Seoul that includes a zoo, a rose garden, an amusement park, and a national museum, said on January 12 that it selected ten ideas out of hundreds from a contest to promote endangered animals living in the park. The [...]
SEOUL, Korea, Jan 13 (Korea Bizwire) - The beautiful exterior of the Dongdaemun Design Plaza & Park, a new landmark to be built in Seoul’s downtown, has been unveiled to the public. The building is famous for being designed by the world-famous architect Zaha Hadid. The Seoul Design Foundation said on January 10 that it has revealed [...]
SEOUL, Korea, Jan 13 (Korea Bizwire) – A housewife surnamed Oh who lives in the suburban area on the outskirts of Seoul, bought last month 48 rolls of toilet paper at US$23.94 from Amazon.com. Taking advantage of no shipping-charge promotion, she could save about 50 won per roll. She said, “I began shopping on Amazon and other overseas shopping [...]
SEOUL, Korea, Jan 10 (Korea Bizwire) – Recently a new type of living arrangement called “mixed-use development” is getting a lot of attention from home buyers and potential tenants alike. Mixed-use development is an urban, suburban, or village development that blends a combination of residential, commercial, cultural, or industrial uses, where those functions are physically and functionally [...]
SEOUL, Korea, Jan 10 (Korea Bizwire) –The oil storage facility in Mapo, in the west of Seoul, which has been abandoned for 13 years, will be revived as a cultural space themed with environment and rebirth. The total area is 146,245 square meters, about 11 times bigger than that of Seoul Plaza right in front of the [...]
SEOUL, Korea, Jan 9 (Korea Bizwire) –Seoul’s rental market for small apartments including studios is seriously depressed of late. One of the reasons for the situation is attributed to the government’s measure to provide low-rate funds to those tenants to move in to properties under long-term lease contracts (called “jeonse” in Korean that involves one-time payment of [...]