SEOUL, Feb.3 (Korea Bizwire) – Those in the wine industry expect that the consumption of wine among Koreans will continue to rise. According to a report issued by VINEXPO and the International Wine and Spirits Research Center (IWSR), the consumption of wine among Koreans in 2019 will increase by 16.2 percent compared to 2015. This [...]
SEOUL,Feb.3 (Korea Bizwire) –Coupang, a social commerce business, will be able continue its ‘Rocket Delivery’ service. The Seoul District Court dismissed a petition for a provisional injunction filed by 11 logistics companies including CJ Korea Express against Forward Ventures, which is run by Coupang. The logistics companies filed for a provisional ban against Forward Ventures [...]
SEOUL, Feb. 3 (Korea Bizwire) – All seven people who showed symptoms of Zika infection tested negative for the virus as the country tightens quarantine measures and prepares to respond quickly to a possible outbreak, the government said Wednesday. The Korea Centers for Disease Control and Prevention (KCDC) said everyone who underwent genetic screening came [...]
SEJONG, Feb. 3 (Korea Bizwire) – The government said Wednesday it will nurture the property market into becoming a high value-added service sector by boosting real estate investment funds in a bid to make it a new economic growth engine. The Ministry of Land, Infrastructure and Transport said it will lower barriers and give tax [...]
SEJONG, Feb. 3 (Korea Bizwire) – South Korea plans to jack up its fiscal spending by an additional 21 trillion won (US$17.4 billion) in the first quarter in an effort to pump-prime the economy struggling with faltering exports, the finance ministry said Wednesday. It will also extend a consumption tax cut program on passenger cars, [...]
SEOUL/SEJONG, Feb. 3 (Korea Bizwire) – South Korea will make all-out efforts to push up exports critical for economic growth after its outbound shipments dropped at the fastest rate in more than six years in January, the trade and industry minister said Wednesday. Chairing a meeting of economy-related officials and business community leaders in Seoul, [...]
SEOUL, Feb.2 (Korea Bizwire) – New data shows that newlyweds spend an average of 270 million won when they get married, which represents a 40 million won increase compared to the average last year. Wedding consultant company Duo Wed announced the results of a survey conducted on 1,000 men and women who got married within [...]
SEOUL, Feb.2 (Korea Bizwire) – The Seoul Station Overpass, which transported millions of cars over a period of 45 years, will discard its bad name as an unsafe passage and be transformed into a long-lasting road for pedestrians, one that can even survive earthquakes. Seoul Mayor Park Won-soon announced that a plan drawn up by [...]
DAEJEON, Feb.2 (Korea Bizwire) – The city of Daejeon is becoming increasingly popular with Chinese tourists. To receive health checkups and tour local attractions, 300 Chinese tourists will visit Daejeon during the month of February. According to the local government and the Daejeon Marketing Corporation, a total of 300 Chinese tourists will visit Daejeon this [...]
SEOUL, Feb. 2 (Korea Bizwire) – South Korea will step up efforts to improve its ties with the Middle East as “true partners,” with the two sides confronted with “different but similar” security crises, a top Seoul diplomat said Tuesday. While struggling to cope with troubles from its nuclear-armed neighbor, South Korea is endeavoring to [...]