SEOUL, May 4 (Korea Bizwire) — South Korea’s monthly current account surplus rose to a four-month high in March, extending its surplus streak to a 37th straight month, data showed Monday. The current account surplus hit US$10.39 billion in March, nearly doubling from a $6.44 billion surplus in the previous month, according to the provisional data [...]
SEJONG, May 4 (Korea Bizwire) — Renault Samsung Motor, the local unit of French automaker Renault SA, is recalling more than 20,000 units of its QM3 crossover SUV due to the defective brake system, the transportation ministry said Monday. A potential problem in the QM3 mini SUVs could corrode the brake hose and cause the brake system [...]
SEOUL, May 3 (Korea Bizwire) — South Korea’s provincial governments Sunday unveiled plans to resume long-suspended aid to and exchange projects with North Korea under a new inter-Korean reconciliation policy by the Park Geun-hye government. Last week, the Ministry of Unification announced plans to promote inter-Korean exchanges in such areas as culture, sports and history to [...]
SEOUL, May 3 (Korea Bizwire) — The popularity of Korean pop culture abroad helped increase production of the country’s cosmetics, gaming, tourism and beverages industries by billions of won in 2014, data showed Sunday. The growing popularity of hallyu, or the Korean wave, the name for Asianwide popularity of Korean pop culture, has been making inroads [...]
SEOUL, May 1 (Korea Bizwire) — Actor Lee Min-Ho will campaign for the protection of endangered animals along with Guess. Lee has produced a series of T-shirts in collaboration with Guess. Profits from T-shirts sales will be donated to a foundation for the protection of endangered animals, according to a statement from Lee’s agency Star House [...]
SEOUL, May 1 (Korea Bizwire) — Girl group 4Minute has set a new record by topping a Chinese music chart for ten weeks in a row, with their title song ‘Crazy.’ According to a statement from 4Minute’s agency Cube Entertainment on April 30, ‘Crazy’ topped QQ Music’s Korean Music Chart. 4Minute performed at the QQ Music Awards [...]
SEOUL, May 1 (Korea Bizwire) — A special event where anyone can experience driving an electric car will be held at the second exhibition room at KINTEX in Goyang from May 3 to 6, as part of the 28th International Electric Vehicle Symposium & Exhibition (EVS28) programs. Visitors to EVS28 can drive electric cars from Kia, [...]
SEOUL, May 1 (Korea Bizwire) — Land Rover’s new Discovery Sport model has seen its number of pre-orders reach more than 1,000. Jaguar Land Rover Korea said that the company has been accepting pre-orders since December of last year, and that delivery would take four to six months for customers who place orders now, at the [...]
SEOUL, May 1 (Korea Bizwire) — Cuckoo rice cookers are gaining massive popularity among North Koreans, according to a recent report from the National Intelligence Service. The wealthy elite are known to prefer South Korean-made products, which are banned in North Korea. North Koreans looking for South Korean products use specific phrases, such as ‘anything better [...]
SEOUL, May 1 (Korea Bizwire) — As seniors parenting their grandchildren are growing in number, they have become a power customer group in the Korean toy market. Leading up to Children’s Day on May 5, the Auction online shopping site said that toy sales between April 14 and 27 from customers over fifty increased 70 [...]