SEOUL, Dec. 29 (Korea Bizwire) - Boy bands BigBang and EXO reigned over South Korea’s digital and albums charts in 2015, respectively, while none of their female counterparts made it into the top 10 of either chart, a local music website said Tuesday. BigBang’s “Bang Bang Bang,” “Loser” and “Bae Bae” took the No. 1, 2 [...]
SEOUL, Dec. 29 (Korea Bizwire) – Unionized workers at Hyundai Motor Co., South Korea’s leading carmaker, voted on Tuesday in favor of a tentative wage deal reached with the management that promises a pay raise, bonuses and other benefits. In a yes-or-no vote, 25,172 workers, or 59.72 percent of votes cast, supported the deal, wrapping [...]
SEOUL, Dec. 29 (Korea Bizwire) – The number of movie-goers in South Korea has reached a new high for a fifth consecutive year in 2015, thanks in part to the popularity of domestic movies, data by the official market tracker showed Tuesday. More than 215.2 million people went to the movies from Jan. 1 to [...]
SEOUL, Dec. 29 (Korea Bizwire) – Samsung Electronics Co. said Tuesday it has commenced the industry’s first mass-production of all-in-one bioprocessors that can be applied to various health care smart devices to collect users’ biological information. The Samsung Bio-Processor, also dubbed “S3FBP5A,” will be used to measure different health care information, such as body fat, [...]
SEOUL, Dec.28 (Korea Bizwire) – Korea turned out to be the largest buyer of weapons in 2014. According to the annual report on the sales of weapons issued by the Congressional Research Service (CRS), Korea was the largest importer last year, spending $7.8 billion on weapons. CRS is an organization under the American Library of [...]
INCHON, Dec.28 (Korea Bizwire) – A plan to build an apartment for foreign professors in the Songdo International Business District will be pushed forward. According to the local office of Incheon Free Economic Zone, a plan to build an apartment exclusively for foreign professors, will be laid out due to the increase in the number [...]
SEOUL, Dec.28 (Korea Bizwire) – Daum Soft, a big data analysis business prospected that the social conditions of being ‘alone’ will continue into the year 2016, based on the analysis of 658,512,182 blog posts and 7,973,575,800 tweets. ‘Eating alone’ and ‘Drinking alone’ were phrases mentioned 15,485 times on social media this year. The phrases were [...]
SEOUL, Dec. 27 (Yonhap) – South Korea needs to revive its economic dynamics to achieve sustainable growth, as it may face a drop in growth potential due to the rapidly aging population, a director of the International Monetary Fund (IMF) said Sunday. “The Bank of Korea (BOK) estimated that South Korea’s growth potential is around 3 to 3.2 percent, but it will likely drop to below 3 percent in the long-term due to structural [...]
SEOUL, Dec. 28 (Korea Bizwire) – The South Korean furniture industry is going through a major transition to survive tough competition from Swedish furniture giant IKEA, which is drawing design-savvy consumers with affordable products and showroom displays. IKEA’s highly anticipated first store in suburban Seoul has created much buzz in the home furnishing market, attracting over 6.7 million visitors and posting 308 [...]
Foreign residents in Seoul are satisfied with the services and accessibility of the municipal government’s support centers for them, a survey showed Sunday. (Image : Jirka Matousek / flickr) SEOUL, Dec. 28 (Korea Bizwire) - Foreign residents in Seoul are satisfied with the services and accessibility of the municipal government’s support centers for them, a survey showed Sunday. According to a [...]