SEJONG, Feb. 14 (Korea Bizwire) – South Korea’s home sales plunged 21.4 percent last month from a year earlier due mainly to a base effect stemming from rapid growth posted last year, government data showed Sunday. The number of home transactions reached 62,365 in January compared with a record 79,320 tallied a year ago, according [...]
SEOUL, Feb.14 (Korea Bizwire) – On Valentine’s day, a new report shows that foreign brand chocolates are significantly cheaper when bought directly from sellers abroad instead of at Korean stores. The Korea Consumer Agency revealed that if one buys many chocolates within the customs-exempt limit for overseas direct purchases, the total price will be cheaper [...]
SEOUL, Feb. 12 (Korea Bizwire) - The average crime rate for foreign residents in South Korea is lower than Korean citizens, but the rates for murder and robbery are higher, a public entity under the justice ministry said Friday. The IOM Migration Research and Training Center (MRTC) recently released a report on its analysis of all [...]
SEOUL, Feb.12 (Korea Bizwire) – With weather targeting or weather-based marketing becoming increasingly popular in Korea, the domestic meteorological industry grew to 370 billion won last year. Officials are expecting that it will exceed 400 billion won this year. The Korea Meteorological Administration (KMA) and Korea Meteorological Industry Promotion Agency recently announced the results of [...]
SEOUL, Feb. 12 (Yonhap) - The former vice president of Tokyo-based Lotte Holdings Co. on Friday called for a major reshuffle at the company to form new leadership, saying he will push for the listing of the company on the Tokyo bourse if he becomes the new chief. Shin Dong-joo, the first son of 94-year-old Lotte [...]
SEOUL, Feb. 12 (Korea Bizwire) - Chinese Foreign Minister Wang Yi expressed “serious concern” over a decision by South Korea to begin formal talks with the United States to adopt an advanced U.S. missile defense system, according to China’s foreign ministry on Friday. Wang conveyed the concern to South Korean Foreign Minister Yun Byung-se during their [...]
SINAN, Feb.12 (Korea Bizwire) – An Oenanthe deserti, a bird usually seen in the desert, has been spotted on a small island in Korea. In September 2015, a small male Oenanthe deserti catching bugs near Gageo Island was spotted by a bird watcher. Bird expert Ko Gyeong-nam succeeded in taking a picture of the rare [...]
SEOUL, Feb.12 (Korea Bizwire) – When traveling in foreign countries, seeing famous tourist attractions, taking in a different culture, and trying the local cuisine are some of the more typical experiences. However, shopping might be one of the most pleasurable activities; allowing tourists to actually bring a piece of the country being visited back home. [...]
SEOUL, Feb.12 (Korea Bizwire) – The results of a couple of recent Korean studies have shown that sugar intake derived from fruit and milk during adolescence doesn’t influence obesity. A research team led by professors Kang Jae-hun and Heo Yang-im at Seoul Paik Hospital announced the results of their research after conducting a long-term study [...]
SEOUL, Feb. 12 (Korea Bizwire) – GM Korea Co. is gearing up to launch diverse new Chevrolet and Cadillac models in South Korea this year as it seeks to carve out a bigger slice of the local passenger vehicle market, industry sources said Friday. The plan is in line with the company’s ramped-up efforts to [...]