SEOUL, Nov.16 (Korea Bizwire) – The number of pets in Korea is increasing with an increase in the number of one or two-person households, but the pet insurance market that provides for them is still small. Researcher Kim Se-joong of the Korea Insurance Research Institute reported that even though the number of pets reached [...]
BUSAN, Nov.16 (Korea Bizwire) – A slow loris, an internationally endangered monkey species, was recently found at a market in Busan. It was the third time that one of the endangered monkeys has been found, after earlier incidents on November 3 and 13. The slow loris monkey was hiding behind a refrigerator at a fried [...]
SEOUL, Nov. 16 (Korea Bizwire) – U.N. Secretary-General Ban Ki-moon plans to visit North Korea this week, a high-level U.N. source said Sunday, a surprise trip that raises hope for progress in inter-Korean relations and efforts to resolve the North Korean nuclear standoff.’ Ban’s visit to Pyongyang will be the first time in his capacity [...]
SEOUL, Nov.16 (Korea Bizwire) – The Small and Medium Business Administration (SMBA) has announced that it will allow venture funds to invest directly in intellectual property rights to meet the demand, and to encourage small and medium businesses to use their intellectual property. Previously, investments from venture funds were restricted to company shares and business [...]
SEOUL, Nov.16 (Korea Bizwire) – As the market for direct purchase products from overseas continues to show dramatic annual growth, it is estimated that by 2020 the annual trade volume will exceed $20 billion. Researcher Kim Gwang-seok from the Hyundai Research Institute (HRI) emphasized the need to establish policies that respond to the changing market, [...]
SEOUL, Nov. 16 (Korea Bizwire) – LG Electronics Inc.’s organic light-emitting diode (OLED) TV has received the best response from a U.S. consumer review magazine, industry sources said Monday. In the recent review by Consumer Reports, the 55-inch LG OLED TV, dubbed the 55EG9100, has received the top grade among other rival models surveyed in [...]
SEOUL, Nov. 16 (Korea Bizwire) – Hyundai Motor Group, the world’s No. 5 automaker, said Sunday its mid-sized models took up more than 20 percent of its combined sales in China through October this year. Hyundai Motor Co. and Kia Motors Corp. shipped 263,610 mid-sized cars to China over the January-October period, taking up 20.5 [...]
SEOUL, Nov. 13 (Korea Bizwire) – The album containing pianist Cho Seong-jin’s award-winning performance at this year’s Chopin Competition has sold out in a matter of days, the album’s distributor said Friday. The 21-year-old prodigy became the first South Korean to win the world’s top piano competition last month in Poland. All 50,000 copies of [...]
SEOUL, Nov. 13 (Korea Bizwire) – Foreign ownership of land in Seoul has inched up from a year earlier on the back of increased ownership of Chinese nationals, data showed Friday. According to the data by the Seoul Metropolitan Government, the amount of land owned by foreign investors and companies in the South Korean capital [...]
GANGNEUNG, Nov.13 (Korea Bizwire) – To celebrate the 10th anniversary of the designation of the Gangneung Danoje Festival as an Intangible Cultural Heritage of Humanity by UNESCO, the ‘Dan Dan Dan Festival’ will take place from November 21 to 28 at the Gangneung Dano Culture Center. The name ‘Dan Dan Dan’ comes from three different [...]