SEOUL, Aug. 26 (Korea Bizwire) – “Jump,” a South Korean non-verbal performance that has captivated millions of viewers around the world, will travel to China later this year for a one-month run, the show’s officials said Wednesday. “Jump,” a comedy that tells the story of a martial arts family through only taekwondo, tekken and acrobatic performances, [...]
SEOUL, Aug. 26 (Korea Bizwire) — Asiana Airlines, South Korea’s No. 2 flag carrier, said Wednesday it plans to eliminate almost all its first-class seats from its international flights as part of an effort to cut losses. The first-class seat system usually leads to high costs, but most airlines have been holding on to the operations [...]
SEOUL, Aug. 25 (Korea Bizwire) – The Financial Times (FT) of England reported that Koreans, who used to work the most and rest the least, have recently showed a tendency to take longer vacations. According to Expedia, a global travel agency, the average Korean took 8.6 days off every year, which was the lowest among [...]
SEOUL, Aug. 25 (Korea Bizwire) – A recent study has shown that 9 out of 10 smartphone users aged between 20 to 40 enjoy mobile games. According to NBT, the company managing the mobile lock screen application Cash Slide, among 1,202 smartphone users aged between 20 to 40, 93.8 percent answered that they currently play [...]
SEOUL, Aug. 25 (Korea Bizwire) – It turns out that the Sinbaram Festival celebrating the 70th anniversary of independence, the designation of a temporary holiday, and the early Korea Grand Sale have had a great influence on the depressed economy. The Korea Economic Research Institute published a report analyzing the effects of the events that [...]
SEOUL, Aug. 25 (Korea Bizwire) – KT, Korea’s second largest mobile carrier, today launched the “GiGA IoT Alliance,” an open consortium for Internet of Things (IoT) related industries, which will support brainstorming ideas for startups, commercializing the ideas, and promoting them overseas. The GiGA IoT Alliance, Korea’s largest IoT consortium, is composed of approximately 100 [...]
SEOUL, Aug. 25 (Korea Bizwire) – The Office of Postal Service of Korea (Korea Post) announced that it will release two special postage stamps featuring Lee Byung-chul of Samsung and Chung Ju-young of Hyundai on August 26. Korea Post selected the two late founders of Korean conglomerates among 12 candidates after deliberation by a postage stamp issuance committee [...]
SEOUL, Aug. 25 (Korea Bizwire) - Due to corporate policies decided at Uniqlo headquarters, the prices of certain products have increased by up to 20 percent. Despite the drop in the yen, consumers will not be able to enjoy the benefits. As Uniqlo Korea launches their new fall/winter line, prices of the company’s staples will jump. [...]
SEOUL, Aug. 25 (Korea Bizwire) – Research shows that Hallyu fans in 200 countries around the world showed interest in KCON America 2015, which is the biggest Korean wave convention in North America. The LA office of the Korea Creative Content Agency (KOCCA) investigated Twitter messages related to KCON 2015 with USC professor Kim Sun-ho, a big [...]
SEOUL, Aug. 25 (Korea Bizwire) – As many large firms have been aggressively repaying their debts, bank loans to large companies dropped to a 10-month low in July. Unlike the increase in the number of bank loans to SMEs, large companies are turning to direct financing channels including bonds, commercial paper (CP) and stock issuance. According [...]