SEOUL, Aug. 17 (Korea Bizwire) – Recent statistics show that men are buying more fruits and vegetables instead of processed foods. As cooking programs are gaining popularity, the number of men who are literally herbivores has increased. According to 11th Street, an online shopping portal (www.11st.co.kr), the portion of men who bought vegetables this year [...]
SEOUL, Aug. 17 (Korea Bizwire) - Bank Wallet Kakao (Banka), the mobile financial service of KakaoTalk, will increase their charge and wire transfer limits during the next month. According to the Financial Supervisory Service (FSS), 17 domestic banks and the Korea Post have partnered with Banka. All 18 members of the alliance are rewriting the [...]
SEOUL, Aug. 18 (Korea Bizwire) – South Korea’s top tech giant Samsung Electronics said Tuesday the country’s 10 credit card companies have agreed to support its new mobile payment system whose launch is slated for later this week. The Samsung Pay service, scheduled to debut on Thursday in South Korea, supports not only the near field [...]
SEOUL, Aug. 18 (Korea Bizwire) — Hybrid funds with a mixed portfolio of stocks and bonds have been absorbing money as investors prefer relatively safe vehicles with higher yields over fixed deposits that offer record-low interest payments, data showed Tuesday. Investors have added a net 4.23 trillion won (US$3.58 billion) into the hybrid funds as [...]
SEOUL, Aug. 17 (Korea Bizwire) – SK Energy announced that they would launch a promotional event dubbed ’3,000 Point Privilege’ until October 15. With 3,000 OK Cashbag points, consumers can choose between a drilling ship toy or a bodywash & toothpaste set. Anyone who fills their tank at an SK gas station for an amount over [...]
SEOUL, Aug. 17 (Korea Bizwire) — The Korea National Park Service announced that they have succeeded in recording a triton eating a starfish at Hongdo Island, located in Hallyeohaesang National Park. The triton is an endangered species, and it was the first time that it was caught on tape eating a starfish in the wild. According [...]
SEOUL, Aug. 17 (Korea Bizwire) – It seems like ‘staycations‘ are becoming a new trend during vacation season. Putting together the words ‘stay’ and ‘vacation’, ‘staycations’ are a new way of enjoying a vacation at home, or near home. The reasons behind this trend include avoiding a flood of people, the deadly heat, and the [...]
SEOUL, Aug. 17 (Korea Bizwire) – By signing a deal to supply batteries for electric vehicles (EV) to the largest automaker in China, LG Chem will accelerate its advance into the emerging EV market. The leading chemicals and battery maker in Korea announced on August 16 that it had signed an agreement with Changan Automobile to supply [...]
SEOUL, Aug. 17 (Korea Bizwire) – In the first half of the year, insurance companies in Korea made net profits of 4.5 trillion won, powered by a surge in one-time profits such as sales of equities. According to the Financial Supervisory Service (FSS) on August 16, the combined net income of 39 insurance firms in Korea [...]
SEOUL, Aug. 17 (Korea Bizwire) – The South Korean government is planning to examine the possibilities of the internationalization of the Korean won, through the formation of a task force that is expected to begin deliberations as early as next month. According to the Ministry of Strategy and Finance on August 16, the task force [...]