SEOUL, April 4 (Yonhap) – Low-cost coffees at South Korean convenience stores are increasingly popular among price-conscious consumers, posing a threat to coffee shop franchises, industry data showed Monday. Local convenience stores have served canned coffee and instant coffee with hot water for years, but they are expanding sales of higher-quality drinks through self-serve coffee bars [...]
SEOUL, April 4 (Korea Bizwire) – The Seoul city government said Monday some 20 foreigners will go sightseeing around the city this week and share their experiences online. The day-long tour will start at the 63 City Building in downtown Seoul on Tuesday. The tour course includes visiting the Galleria duty-free store, taking in the sights [...]
SEOUL, April 4 (Korea Bizwire) – Samsung Electronics Co. accounted for 68 percent of the global curved-monitor market in the fourth quarter last year, data showed Monday, amid the soaring demand from Internet cafes in China. According to the data compiled by Taiwan-based industry tracker WitsView, the South Korean tech giant stood as the dominant leader [...]
SEJONG, April 4 (Korea Bizwire) – Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, has been included on the antitrust watch list as a large business group, with its mutual investments and loan guarantees to be restricted, the watchdog said Sunday. The Fair Trade Commission (FTC) announces a newly updated list of large [...]
SEOUL, April 4 (Korea Bizwire) – After much hoopla over his playing status, South Korean outfielder Kim Hyun-soo made the Baltimore Orioles‘ Opening Day roster. Kim got the final outfield spots, along with Nolan Reimold, on the roster announced Sunday as the Orioles are set to open their 2016 season against the Minnesota Twins the [...]
SEJONG, April 4 (Korea Bizwire) – South Korean seafood will be exported to China under the integrated brand name of “K-Fish,” starting this month, the maritime ministry said Sunday. The K-Fish products include “gim,” or dried seaweed, oysters, sea cucumbers, brown seaweed and sea tangle, produced by six local seafood companies, according to the Ministry [...]
PAJU, April 4 (Korea Bizwire) – The filming site of the sensational TV series “Descendants of the Sun” in Camp Greaves, the former U.S. military camp near the Demilitarized Zone (DMZ) in Paju, north of Seoul, will turn into a foothold of the region’s tourism industry, provincial officials said Sunday. The camp, which is currently [...]
SEOUL, April 4 (Korea Bizwire) – Illegal loan sharks are lending money at sky-high interest rates of as much as 1,630 percent per year. According to data from the Consumer Loan Finance Association (CLFA), the total amount of money borrowed from loan sharks last year was 14.7 billion won, and the average length of a loan [...]
SEOUL, April 4 (Korea Bizwire) – On Friday, April Fool’s Day, police officers and firefighters working in dispatch centers around the country started their day worrying about the prank calls they would have to deal with all day. However, the number of prank calls to 112 (police) or 119 (911) have greatly diminished over the [...]
SEOUL, April 1 (Korea Bizwire) – Prime Minister Hwang Kyo-ahn on Friday encouraged more couples to have smaller and more frugal weddings, saying that an extravagant event imposes huge financial burdens on young people. “People should embrace a culture that promotes frugal yet meaningful weddings,” Hwang said during a luncheon with five newlywed couples at his [...]