SEOUL, July 7 (Korea Bizwire) – A study said Korea’s mobile telecom service providers need to embrace a new trend among mobile subscribers to use more data while relying less on voice services. According to the Korea Information Society Development Institute on July 4 in a report “The Impact of Increasing Mobile Data Traffic on Voice Traffic” by [...]
SEOUL, July 6 (Korea Bizwire) – Following last year, the imports of coffee bean have increased. The average coffee consumption per person this year was 298 cups, up 10 cups from the previous year. According to data released by the Korea Customs Service on July 4, the volume of imports during the month of May was 54,000 [...]
SEOUL, July 6 (Korea Bizwire) – Amid the protracted recession in which consumers are reluctant to open up their wallets, high-end import brands posted mixed results for the fiscal year 2013. According to the Data Analysis, Retrieval and Transfer System by the Financial Supervisory Service on July 4, Burberry Korea’s sales revenue was 239.3 billion won [...]
SEOUL, July 4 (Korea Bizwire) – LG Electronics is making forays into the global sports lighting market with its next-generation lighting technology “plasma lighting system.” The company succeeded in commercializing the PLS technology first in the world that gives electric stimulus to make the lamp to emit bright light in a plasma state. The company has recently installed [...]
SEOUL, July 4 (Korea Bizwire) – The Ministry of Culture, Sports and Tourism and the Korea Creative Content Agency said on July 3 that they lent support to Korean fashion brands participating in the 86th Pitti Uomo, one of the world’s most important platforms for men’s clothing and accessory collections, in Italy’s Florence for four days between June [...]
SEOUL, July 4 (Korea Bizwire) – Beginning in November this year, construction contractors with no record of administrative sanctions will get privileges when they try to get approval for business expansion. The Ministry of Land, Infrastructure, and Transport said on July 3 that it would pre-announce an “enforcement ordinance and regulation on the construction industry basic law” [...]
![[Stats] Suicide Rates for OECD Member Nations](http://koreabizwire.com/wp/wp-content/uploads/2014/07/Suicide-Rates.jpg "[Stats] Suicide Rates for OECD Member Nations")
While a recent OECD study showed that life expectancy in Korea has rapidly increased for the past five years, it displayed a shameful aspect of the nation as well, as it revealed that Korea has again, for 10 years in a row, ranked first in suicide rate in among 34 OECD member countries. According to “OECD Health [...]
![[Feature] Wall Painting That Can Revive a Neighborhood](http://koreabizwire.com/wp/wp-content/uploads/2014/07/editor.jpg "[Feature] Wall Painting That Can Revive a Neighborhood")
SEOUL, July 3 (Korea Bizwire) – Painting on the walls has become a national fad since a few years ago. Bleak urban neighborhoods get a makeover with bright paintings on the walls. Even villages in mountains or on the sea try to attract more visitors by putting on drawings on the walls. One of these wall paintings, [...]
SEOUL, July 3 (Korea Bizwire) – LG Chem will build an electric vehicle battery plant in China’s Nanjing, the third plant after Cheongju (Korea) and Holland (Michigan, U.S.). The company held a signing ceremony at its LG Twin Tower in Yoido, Seoul, on July 2 with high-ranking officials from the Nanjing city government. The ceremony was attended [...]
SEOUL, July 3 (Korea Bizwire) – From now on, all foreign residents living in Seoul can send money to their home country without fees. Starting on July 1, Woori Bank will exempt 100 percent of remittance charge (from 10,000 won to 30,000 won) to foreigners residing in Seoul when they visit any of its bank offices nationwide. In [...]