SEJONG, May 21 (Korea Bizwire) — The real value of the South Korean won against other key currencies hit an over seven-year high in April, data showed Thursday, in a negative development for the country’s exports. The real effective exchange rate (REER) of the South Korean won stood at 115.34 points last month, the highest level [...]
SEOUL, May 20 (Korea Bizwire) — In Noeul Park near Seoul World Cup Stadium, a special forest established and managed by senior citizens in their 50s and 60s will be established. Seoul Metropolitan City will create the eco forest on June 5, one day after Environment Day. Around 500 Seoul citizens aged over 50 will [...]
SEOUL, May 20 (Korea Bizwire) — As part of an ambitious plan for an “Eco-DMZ Initiative,” Gyeonggi Province will introduce an “ecosystem payment scheme” at the DMZ and civilian access control lines (CACL) which offer the natural benefits of clean water, air, land, tourism and leisure. People are urged to donate a certain amount of money [...]
SEOUL, May 20 (Korea Bizwire) — In a comparative survey on the happiness of children, Korean children were found to be the least happy among their peers in other countries. According to the survey jointly conducted by Save the Children and the Seoul National University (SNU) Social Welfare Research Center, the “subjective happiness score” of Korean [...]
SEOUL, May 20 (Korea Bizwire) — A venture company developing carbon fiber materials has produced the country’s first commercial vehicles covered with eco-friendly carbon fiber plates, providing better mileage and faster 0-100kmph acceleration than steel plates. ENKorea announced that it produced three carbon fiber “C-cars,” which will be used as rental cars to promote the [...]
SEOUL, May 20 (Korea Bizwire) — The City of Seoul registered a virtual power plant to sell 5MW of electricity saved by its 18 affiliated institutions (including its water recycling centers); the first time a local government body has done so. Seoul announced on May 18 that it registered a virtual power plant from 5MW of electricity [...]
SEOUL, May 20 (Korea Bizwire) — Sake importer Nihonshu Korea has lowered prices by up to 30 percent for 30 kinds of imported Sake as the Japanese Yen weakens. Special Sakes from various Japanese regions will be more affordable in Korea. Yang Byeong-il, director of Nihonshu Korea, said that the company has lowered prices to [...]
SEOUL, May 20 (Korea Bizwire) — The Inje County Office in Gangwon Province will operate a task force from May 20 to the end of October to seize harmful wild animals. The team is comprised of 20 members of the Wildlife Management Association, and will be dispatched to the scene where wild animals are damaging [...]
SEOUL, May 20 (Korea Bizwire) — Rising liquor company Muhak’s three varieties of Soju cocktails are experiencing strong sales. More than 2 million bottles of the Blueberry flavored ‘Blue,’ the pomegranate flavored ‘Red,’ and the citron flavored ‘Yellow’ had been sold only one week after the launch. Muhak estimated that the initial supply will be [...]
SEOUL, May 20 (Korea Bizwire) — A Korean man in his thirties, charged with damaging the soft top of his neighbor’s Ferrari Convertible while sleeping on it when drunk, will escape criminal penalties as the Suwon District Court has ruled against the Ferrari owner who requested compensation for damages, saying that the soft top was undamaged. [...]