SEOUL, Feb. 2 (Korea Bizwire) – In the smart banking age, where a couple of screen touches can send money or allow you to check financial balances, bank accounts with no Internet access are attracting subscribers who want a place to keep secret money out of reach of their spouses. According to sources in the [...]
SEOUL, Feb. 2 (Korea Bizwire) – The ubiquity of mobile devices including smartphones has contributed to changes in the way Koreans make menu choices when they eat out, as more and more Koreans are searching for food information online. According to a recent survey on “eating out trends in 2014” jointly conducted by the Korea [...]
SEOUL, Feb. 2 (Korea Bizwire) – Among 106 major cities in Asia, Seoul ranked fourth in terms of cost of living. According to Numbeo, information providers on world living conditions on February 1, the most expensive city in terms of living cost in Asia was Singapore with a CPI of 94.08. Following Singapore were Macau (89.12), Tokyo (85.67) and Seoul [...]
SEOUL, Feb. 2 (Korea Bizwire) – After plummeting tobacco sales in Korea following the price hike on New Year’s Day, demand for cigarettes is slowly but steadily recovering. After one month, stiff resistance from smokers has abated, and some have already given up their no-smoking resolutions. According to E-Mart’s analysis of its tobacco sales during [...]
SEOUL, Jan. 30 (Korea Bizwire) – A worker who was scheduled to be dispatched on an overseas project gave up the position due to his poor English ability. However, the extreme stress caused by his English incompetence finally led to his suicide, and a lawsuit from his wife requesting that the death be viewed as [...]
SEOUL, Jan. 29 (Korea Bizwire) – Escaping from the bondage of poverty is becoming harder than ever in Korea. The income ladder stands still for households consisting of those who have no ability to work like the elderly and handicapped, or those who do temporary manual jobs, with little possibility of upward mobility. According to [...]
SEOUL, Jan. 29 (Kore Bizwire) – Dongbu Insurance will become the largest shareholder of Vietnam’s Post & Telecommunications Insurance (PTI) by acquiring 37 percent of its shares, investing a total of 50 billion won (US$45.8 million). Dongbu announced on January 28 that it would sign a contract to purchase the share of the fifth largest Vietnamese [...]
SEOUL, Jan. 29 (Korea Bizwire) — Hollywood’s visual effects house Hydraulx will advance into Korea’s film making industry by setting up its branch office in Korea. Its advancement into Korea will be implemented in the form of an equity swap with its Korean counterpart Valuestone. To this end, the two signed a letter of intent (LoI) [...]
“South Korea is the only major global trading nation to have FTAs with the United States, the European Union and China. This uniqueness makes Korea an ideal base for global enterprises seeking market access to the three largest economies in the world. With Alibaba’s ongoing strategy to expand its presence in the global market, it [...]
SEOUL, Jan. 28 (Korea Bizwire) – A Seoul based NGO has filed a complaint with the Ministry of Drug and Food Safety, saying that Starbucks Korea is violating the Food Sanitation Act by not indicating the prices of short-sized beverages on its menus. According to the Seoul YMCA, Starbucks Korea officially sells four sizes of drinks [...]