SEOUL, Jan.29 (Korea Bizwire) – According to a report from the Joongang Ilbo, a Korean daily journal, the main beneficiaries of higher cigarette prices have turned out to be foreign tobacco companies. Despite a rise in prices at the beginning of 2015, cigarette imports have actually increased. Smokers returned to their addiction soon after the [...]
INCHEON, Jan.29 (Korea Bizwire) – The response time of fire trucks and ambulances has been shortened greatly due to ubiquitous technology. The Incheon Fire Department reported the results of its ‘119 Shortcut Finder’ program. The program ran for the past year and a half. It is a system that finds the shortest route from the [...]
SEOUL, Jan.29 (Korea Bizwire) – Recent data shows that one out of ten people who visited the movies last year went alone. According to the CGV Research Center’s ‘2015 Movie Industry Settlement’, the share of tickets for one reached 10.1 percent, exceeding 10 percent for the first time. The number of people going to the [...]
SEOUL, Jan.29 (Korea Bizwire) – Louvre Hotels Group (www.louvrehotels.com), the fifth largest hotel chain in the world, officially opened its Korean office on January 28, and announced plans to open 17 hotels in Korea by 2020. The company was established in France in 1976, and grew to become the second largest hotel chain in Europe. [...]
SEOUL, Jan. 29 (Korea Bizwire) - A U.S. citizen accused of murdering a South Korean college student in 1997 received a 20-year jail term Friday, the severest penalty possible for the defendant who was then an adolescent. The Seoul Central District Court found Arthur Patterson guilty of stabbing Cho Joong-pil, who was then a college student, [...]
SEOUL, Jan. 29 (Korea Bizwire) – South Korea’s former Prime Minister Lee Wan-koo received an 8-month jail term Friday for receiving bribes from a deceased businessman. Still, the Seoul Central District Court suspended the sentence for two years and ordered him to forfeit 30 million won (US$27,000). Lee, who stepped down in April after mounting [...]
SEOUL, Jan. 29 (Korea Bizwire) - Samsung Electronics Co. saw its presence in the Chinese smartphone industry fall on-year in 2015, data showed Friday, as local players continued to garner larger slices of the market. The South Korean tech giant, which stood as the No. 3 player in the Chinese market in the fourth quarter of [...]
SEOUL, Jan. 29 (Korea Bizwire) - Two South Korean cities, Seoul and Jeju, were ranked among the world’s 100 most visited cities by foreign travelers in 2014, CNN reported Thursday. The South Korean capital Seoul ranked 13th in international tourist arrivals by attracting 9.39 million foreign travelers, CNN reported, citing data from Euromonitor, the British [...]
SEOUL, Jan.29 (Korea Bizwire) – The Korean drama ‘My Love from Another Star’, which created a ‘Chicken and Beer’ craze in China, will be aired on Chinese TV from January 29. HB Entertainment, the production company behind the hit show, announced that the drama will be aired on Anhui Satellite TV starting at 10 p.m. [...]
SEOUL, Jan.29 (Korea Bizwire) – Two leading tech giants, Apple and Facebook, seem to be in different leagues given their recent performance. With demand for smartphones on the wane, industry watchers even predicted a quarter of negative growth for Apple. On the other hand, Facebook is performing far better than market expectations. On January 27, [...]