SEOUL, March 9 (Korea Bizwire) – Foreigners who receive plastic surgery and aesthetic treatment in South Korea will receive a value added tax refund starting next month, the health ministry said Wednesday. The tax rebate will be given at special booths installed in the country’s international airports when foreign patients submit a certificate issued by authorized medical [...]
SEOUL, March 9 (Korea Bizwire) – South Korea’s market for hair-loss-related products, including wigs, is currently estimated at 3 trillion won (US$2.47 billion), industry sources said Wednesday, with the figure set to increase down the road as more people in the country get stressed. The number of people suffering from hair loss is estimated at 10 [...]
SEJONG, March 9 (Korea Bizwire) – Hyundai Motor Co., South Korea’s largest carmaker, will recall a total of 25,441 Equus and Genesis luxury sedans for problems with their windshield wipers, the transportation ministry said Wednesday. The models’ windshield wiper motors were found to have defects that lead to malfunctions in their operation and affect driving in [...]
SEOUL, March 9 (Korea Bizwire) – LG Display Co. plans to supply advanced organic light-emitting diode (OLED) displays to Mercedes-Benz, industry sources said Wednesday, marking the first time for a carmaker to adopt the advanced screen. The South Korean display maker said it will supply the 12.3-inch P-OLED display to the New E-Class produced by the German carmaker. [...]
SEOUL, March 9 (Korea Bizwire) – It is a well known fact that Koreans are obsessed with chicken. As it is the most popular nighttime snack, and a sure hit that is always included when there is a gathering of a large number of people, chicken seems to bring up happy thoughts. Based on this [...]
SEOUL, March 8 (Korea Bizwire) – With Me, the convenience store managed by Shinsegae group, announced that they opened a new store in the SUM Market located in the Samsung-dong building of SM Entertainment. The 1,161st With Me store showed record breaking sales, for the number of sales were 2.5 times higher than the average [...]
BUSAN, March 8 (Korea Bizwire) – After the craze for softer soju(Korean distilled spirits) swept the nation, a demand for softer whiskies are also starting to dominate the market, breaking down the ‘rules’ that traditional whiskies should have at least a 40 percent concentration of alcohol. According to the World Scotch Whisky Association, when whisky [...]
SEOUL, March 8 (Korea Bizwire) – After going under a seize and search for faking emissions results for some of its diesel models, Volkswagen once again pulled out their extreme discount plan in the Korean market. Industry watchers see Volkswagen’s move to be a desperate countermeasure against their dropping sales due to their tarnished brand image [...]
SEOUL, March 8 (Korea Bizwire) – Lotte Confectionery Co., a food unit that stands at a critical position in the cross-shareholding structure, plans to conduct a 10-for-1 stock split to boost trading among retail investors. According to the Korea Exchange and finance, investment industry, the board of directors of Lotte Confectionery decided to cut the face value [...]
SEOUL, March 8 (Korea Bizwire) – Lee Se-dol, a top-class South Korean Go player, said Tuesday he may not have his way with Google’s artificial intelligence (AI) program, AlphaGo, after all. A day before taking on the advanced human-like algorithm in the ancient board game Go, also known as “baduk” here, Lee said he now [...]