SEOUL, April 16 (Korea Bizwire) – Riding Hallyu, or the Korean Wave, cosmetics products have developed into strong moneymaking export items as they set records for exports and trade surplus last month. According to the Korea Customs Service, the value of cosmetics exports in March was US$277.5 million, the largest amount since the office began [...]
SEOUL, April 16 (Korea Bizwire) – A special report center dedicated to meteors was established to authenticate, register and store them safely. The Ministry of Science, ICT and Future Planning announced that it opened the Meteorite Report Center at the Korea Institute of Geoscience and Mineral Resources in Daejeon on April 16. The primary role [...]
SEOUL, April 16 (Korea Bizwire) — Kia Motors‘ all-new Carnival minivan has received the highest safety rating for collision tests conducted by a U.S. highway safety agency, the company said Thursday. The Carnival minivan, also known as the Sedona in the U.S., has received the highest rating of five stars from the National Highway Traffic Safety Administration [...]
SEOUL, April 16 (Korea Bizwire) — Audi Volkswagen Korea, the local importer of the German company, outpaced GM Korea in domestic sales last year, signaling a change in the car market that has been long dominated by major local makers, industry data showed Thursday. Audi Volkswagen Korea reported to financial authorities here that its domestic sales [...]
SEOUL, April 16 (Korea Bizwire) — South Korean celebrities remembered the victims of the ferry Sewol sinking in social networking services and handwritten letters Thursday, the first anniversary of the tragedy that claimed 304 lives. Actress Jung Ryeo-won posted a picture of a yellow duck with the message, “Let’s remember April 16, 2014″ on her Instagram blog [...]
SEOUL, April 15 (Korea Bizwire) – A convenience store chain in Korea plans to offer affordable smartphone battery replacements instead of time-consuming charging services. BGF Retail, the company behind the CU convenience store chain, announced on April 14 that it would begin the battery replacement service in May. The service offers fully charged smartphone batteries [...]
SEOUL, April 15 (Korea Bizwire) – Discarded railways and abandoned land near the tracks are being converted into photovoltaic generation plants. According to the Korea Rail Network Authority (KR), unused tracks on the Jungang Line (Central Line) from Jecheon to Dodam and 74,045 square meters of nearby abandoned land were transformed to solar energy generators [...]
ULSAN, Korea, April 15 (Korea Bizwire) – The Nambu Police Station in Ulsan, a southeastern industrial city, fined two gangsters 50,000 won (US$45.5) each after they showed off their tattoos at a sauna, in violation of the Punishment of Minor Offenses Act. According to the police, on April 12 the two gangsters went to a [...]
SEOUL, April 15 (Korea Bizwire) – Coupang, a social commerce operator in Korea, suffered from operating losses of more than 100 billion won last year. On April 14, Coupang announced that it posted sales of 348.5 billion won (US$317.6 million) and an operating loss of 121.5 billion won (US$110.7 million) for 2014. Although the company [...]
SEOUL, April 15 (Korea Bizwire) – Hyundai Motor announced that it will offer special test drives for its All New Tucson together with car sharing operator Green Car from April 14 to May 12. Anyone with a drivers’ license is eligible to take a test drive with the compact SUV. For the promotion, Hyundai will run [...]