SEJONG, May 7 (Korea Bizwire) — The government on Thursday announced a set of measures aimed at developing the country’s marine leisure industry that also focuses on promoting marine activities. Under the measures, the Ministry of Oceans and Fisheries said it will work to more than double the number of leisure yachts and boats to over [...]
SEOUL, May 7 (Korea Bizwire) — Japanese automakers are expected to spend a record amount on research and development (R&D) activities this year, data showed Thursday, raising concerns that South Korean rivals’ competitiveness may be further hurt amid unfavorable currency exchange rate conditions. Four major carmakers in Japan — Honda Motor, Toyota Motor, Mazda Motor [...]
SEOUL, May 6 (Korea Bizwire) – A 490 million won (US$453,500) Swiss luxury watch will be introduced in Korea by Hyundai Department Store. The department store will hold a luxury watch exhibition at its Trade Center (from May 1 to 18) and Apgujeong (from May 8 to 18) branches. The luxury watch brands to be [...]
SEOUL, May 6 (Korea Bizwire) – Once, Korea’s compact car market was dubbed as “graveyard for hatchbacks.” However, as more Korean drivers are seeking hatchback-style compact cars, purchasing trends are aligning with those in Europe as buyers prioritize practicality. According to sales data from the local auto manufacturers, from January to April a total of 9,304 [...]
SEOUL, May 6 (Korea Bizwire) – The monthly sales of the MiniBeam TV series, LED projectors introduced by LG Electronics targeting campers and single-person households, increased more than 50 percent to 5,000 units in May, with one sold every 10 minutes. The MiniBeam projectors embedded with TV tuners enable users to watch TV anywhere using an [...]
INCHEON, Korea, May 6 (Korea Bizwire) – Incheon Metropolitan City plans to launch a “dementia partner” program in a bid to change negative perception related to the chronic disease. On May 5, the city government announced that it would recruit “dementia partners.” Anyone who is interested in the disease can join the program, and the [...]
SEOUL, May 6 (Korea Bizwire) – The official English title of Korea’s finance ministry is theMinistry of Strategy and Finance. It used the term “strategy” to stress its role in planning future strategy for Korea’s economy. However, it is not easy for non-Koreans to fully grasp its role based solely on the title. During the [...]
“If they follow you always, then they’re not talented. Talented players have their own ideas. People who have experience in football can show them some ways. At the end, the players have to see (for themselves) if they can take the next step.” “It wasn’t just a matter of being tough; it was a matter [...]
SEOUL, May 6 (Korea Bizwire) — A strict regulation that bans nighttime online gaming for children has led to a 1.16 trillion won (US$1.07 billion) loss in the South Korean games industry, a report showed Wednesday. Also known as the “forced shutdown system,” online game operators are currently prohibited from providing services to children under [...]
SEOUL, May 6 (Korea Bizwire) – South Korean girl group Kara‘s new Japanese album ranked first on the Oricon daily singles chart Tuesday, the day of its release, according to the group’s agency. “Summergic,” the 12th Japanese-language single album by Kara, topped the chart, selling over 28,000 copies that day, the DSP Media said Wednesday in [...]