JEJU, April 11 (Korea Bizwire) - If you think of Jeju Island as just a laid back vacation spot or a place for fishermen and tangerine growers, give it a second look. This southern resort island known for its scenic beach and volcanic landscape has drawn a huge influx of Chinese travelers over the past five years [...]
SEOUL, April 11 (Korea Bizwire) – In a rare joint publicity stunt, South Korea’s two smaller mobile carriers placed an ad in 29 major newspapers late last month to denounce industry leader SK Telecom Co.‘s push to buy the country’s top cable TV operator. “We request that SK Telecom give up on a harmful acquisition [...]
SEOUL, April 11 (Korea Bizwire) – Samsung Electronics Co. came closer last year to catching up with its archrival in the semiconductor industry, Intel Corp., data showed Monday. The South Korean tech giant accounted for 11.6 percent of the chip market in 2015, up 0.9 percentage points from a year earlier, standing as the No. 2 player, [...]
SEOUL, April 11 (Korea Bizwire) – Korean social network service (SNS) Kakao Story has lost five million users over the past year. Experts say that the decline in users occurred due to competition with overseas social networks, but some also point out that an increase in commercial content drove users away. JTBC, a Korean TV network, [...]
SINAN, April 11 (Korea Bizwire) – The Sinan Tulip Festival opened on April 8, near Daegwang beach. The event celebrated its 9th anniversary with a sea of tulips. The festival will run for 10 days, until April 17. More than one million tulips are blooming in harmony with canola flowers, daffodils, Livingstone daisies, violas, pansies, chrysanthemums, [...]
SEOUL, April 7 (Korea Bizwire) - The government here on Thursday announced an unprecedented campaign to reduce sugar consumption by its people, designating sugar as the main culprit behind the rising rates of obesity, diabetes and other chronic diseases in Korean society. In the initial five-year phase of the anti-sugar campaign, the Ministry of Food and Drug Safety will [...]
SEOUL, April 7 (Korea Bizwire) – Every year, tens of thousands of tourists from home and abroad surge to a spring festival on Jindo Island, off South Korea’s southwestern tip, to witness the natural marvel of parting seawater. The tidal difference causes the seawater to split around this time of year, earning the phenomenon the [...]
SEOUL, April 7 (Korea Bizwire) – South Korean rice hit shelves in Beijing for the first time in history on Thursday to meet rising Chinese demand for Korean-made agricultural products and foodstuffs. China’s state-run agricultural trading company COFCO Corp. imported some 72 tons of South Korean rice in February and put it on sale in an upscale [...]
GWANGJU, April 7 (Korea Bizwire) – More than 800 junior high students and police officers conducted a flash mob, sending out a message to prevent school violence. The flash mob took place at Bia Middle School in Gwangju. Students from the middle school, students training to become police at Nambu University, and police from Gwangsan [...]
JEJU, April 7 (Korea Bizwire) – A new system that allows windmills to provide a stable source of electricity and store the energy efficiently will be developed for the first time by Korean research teams. Jeju Island, LG Chemical, POSCO ICT, and Wind Synergy signed an agreement to cooperate on Energy Storage System (ESS) initiatives linked to [...]