Shanghai, July 24 (Korea Bizwire) – With the prevalence of Korean and American reality shows in China, the Chinese government issued guidelines to develop reality show formats that contain “the core values of socialism.” Even though the Chinese versions of Korean reality TV shows such as ‘Where are we going dad’, ‘Running man’ and ‘I [...]
SEOUL, July 24 (Korea Bizwire) — South Korea’s trade volume is forecast to hit a five-year low this year as a stronger local currency and low oil prices weigh heavily on Asia’s fourth-largest economy, data showed Friday. The country’s exports reached US$268.7 billion in the first six months of the year, down 5.1 percent from [...]
SEOUL, July 24 (Korea Bizwire) — Want a selfie with actor Kim Soo-hyun but not sure how to get one? Not to worry, the French wax museum Musee Grevin has come up with a solution. Kim’s wax figure is among dozens that will be displayed at the first Asian branch of the museum opening in Seoul next [...]
SEOUL, July 23 (Korea Bizwire) – For consumers who use new types of e-commerce such as cross-border shopping and social commerce, Korea’s fair trade watchdog will implement more safeguards against unfair practices such as exaggerated discount rates. The Fair Trade Commission announced on July 22 that it would revise the Guidelines for Consumer Protection in Electronic Commerce [...]
SEOUL, July 23 (Korea Bizwire) - The e-commerce market is in a state of tension as Jet (jet.com) challenges the largest Internet commercial transaction company, Amazon. Jet was launched on July 20. They stock around 10,000,000 items, which is less than Amazon, but the packing units are much bigger and prices are generally cheaper than [...]
Seoul, July 23 (Korea Bizwire) – Women who experience blackouts after drinking have a higher tendency to think about suicide. Professor Park Eun-chul and his team of preventive medicine at Yonsei University analyzed material from the National Nutrition Survey, conducted from 2007 to 2011 on 42,347 adults. They compared drinking frequency and quantity etc., and [...]
Seoul, July 23 (Korea Bizwire) – A theme park where Hallyu tourists can enjoy K-pop at a hologram concert hall will be established on Jeju Island. The Ministry of Science, ICT and Future Planning announced that they would be opening a digital theme park called ‘Play K-pop’ with NIK, a company that invests in content and [...]
SEOUL, July 23 (Korea Bizwire) – Korea is famous for its high population density. Excluding some city-states and island countries, Korea, with its 487 inhabitants per square kilometer of land as of 2013 can be ranked within the top 10 in terms of population density. Making the density in some areas even higher, more than [...]
SEOUL, July 23 (Korea Bizwire) – Korean medical researchers have developed a new way to treat cancers by leveraging “intravital glowing” like corals or fireflies. Sun Medical Center in Daejeon announced on July 22 that a research team led by Yun Seok-hyun, a professor at Harvard Medical School, and its hemato-oncology doctor Kim Yi-rang succeeded [...]
SEOUL, July 23 (Korea Bizwire) — Personal data of over 43 million citizens, which accounts for about 90 percent of South Korea’s total population, was leaked to a multinational statistics company, prosecutors said Thursday. A joint team of prosecutors and government officials said 24 people from a medical program development firm, only identified by the [...]