SEOUL, Jan. 13 (Korea Bizwire) – Consumer prices of Starbucks coffee, Chilean wine, soda, beef and imported snacks in Seoul are the highest among other competing cities. Of note, the price of a Starbucks Americano is 2.3 times higher than that of New York. On January 12, Consumer Korea, a local civic group, released a report surveying [...]
YANGJU, Korea, Jan. 13 (Korea Bizwire) – The Yangju Snow Festival 2015, a snow festival filled with art exhibitions and entertaining winter activities, started on January 9 at the Yangju Art Valley in Yangju, Gyeonggi-do, according to the festival’s organizer, CROWN-Haitai Confectionary Co. on January 12. The festival was first held in 2014, and is [...]
SEOUL, Jan. 13 (Korea Bizwire) — GM unveiled its new Chevrolet Volt at the 2015 Detroit Auto Show on January 12. The new 2016 model features an all new Voltec extended range electric vehicle (EREV) propulsion system composed of a lithium-ion battery, drive unit, and ‘range extending system’ engine. The new Volt can go 200 miles (320 kilometers) [...]
“Jeju began a no visa policy in 2002, and has allowed permanent residence for investors since 2010. Jeju attracts 12 million tourists in and out of Korea every year, and as of 2013, the number of Chinese tourists to Jeju surpassed the 2 million mark. We expect more tourists and investment from China.” “We welcome [...]
SEOUL, Jan. 13 (Korea Bizwire) — Korean companies are building up a solid lead in the market for electric vehicle batteries. According to a market report on automotive batteries published by SNE Research on January 12, Korean companies held a 41 percent share of automotive battery patents as a percentage of the global total. LG Chem held [...]
SEOUL, Jan. 13 (Korea Bizwire) — Just how many Hallyu (Korean Wave) fans are out there? According to a report published on January 12 by the Korea Foundation under the Ministry of Foreign Affairs, the number of clubs dedicated to Hallyu numbered 1,248 from 79 countries in December 2014. The number of overall club members stood [...]
SEOUL, Jan. 13 (Korea Bizwire) — Diet products and implements to help quit smoking are becoming popular at this time of new year’s resolutions. According to Lotte Department Store, sales of said products increased during the period from January 2 to 9. Over this time, sales of sports products and running shoes increased by 24 [...]
NEW YORK, Jan. 12 (Korea Bizwire) — Since 1837, Tiffany & Co. has reflected the profound ideals surrounding true love and has been part of the world’s greatest love stories. For spring 2015, Tiffany created a new advertising campaign that takes a truly modern look at love, the proposal and marriage. “People have always looked [...]
“The central and local governments are focusing on disinfection and preventive measures while blaming the avian flu on migratory birds. However, the fact is that infectious diseases such as avian flu cannot be prevented without any improvement in their breeding environment enhancing their welfare. The governments just ignore the fact.” “Milder forms of bird flu [...]
HWACHEON, Korea, Jan. 12 (Korea Bizwire) – The Hwacheon Sancheoneo Festival, a famous ice-fishing festival in Gangwon Province, began with a record high 151,100 visitors on January 10, and drew almost the same number of visitors the following day, totaling more than 300,000 visitors including some 5,000 foreigners in just two days. Thousands of visitors [...]