SEOUL, Jan.6 (Korea Bizwire) – The Harbin Ice Lantern Festival opened on January 5. The festival is one of the three major winter festivals in the world, along with the Winter Carnival in Quebec City, Canada, and the Sapporo’s Snow Festival in Japan. The Harbin Ice Lantern Festival started its 17th year at Zhaolin Park [...]
INCEON, Jan.6 (Korea Bizwire) – The area between the northern limit line (NLL) in the West Sea and the fisheries control line of North Korea is actually the same as the DMZ. The fisheries near the five northwestern border islands are close to the NLL, and fishing in the area is banned to protect South [...]
SEOUL, Jan5. (Korea Bizwire) – Research indicates that loneliness is as bad for one’s health as a lack of exercise and diabetes. The English journal Daily Mail reported that a research team at the University of North Carolina discovered that relationships with others during adolescent and senior years influence one’s health greatly after studying the [...]
SEOUL, Jan.6 (Korea Bizwire) – Lotte Department store has started a service in which cosmetics products are delivered to a customer’s home on a regular basis. Store officials announced that Belief, a cosmetics brand from LG Household & Health Care, had started a subscription service. By subscribing to a cosmetics brand, customers can have cosmetics [...]
SEOUL, Jan. 6 (Korea Bizwire) – The Seoul Metropolitan Government said Wednesday it will embark on projects to restore and beautify a neighborhood of traditional Korean houses in central Seoul. The city government plans to build historic cultural streets in Seochon, or “western village,” which stretches out from the western wing of Gyeongbok Palace and [...]
SEOUL, Jan. 6 (Korea Bizwire) – South Korea’s securities industry faces an unabated wave of layoffs this year as brokerages strive to bolster their bottom lines and cut costs amid a bearish stock market and growing online stock trading, experts said Wednesday. Over the past several years, local securities companies have been trimming their workforces [...]
SEOUL, Jan. 6 (Korea Bizwire) – CJ Group, South Korea’s leading food and entertainment conglomerate, will step up its global expansion through mergers and acquisitions (M&A) in the bio and logistics business to foster new growth drivers, company officials said Wednesday. CJ has been grappling with stagnant growth after its chairman Lee Jay-hyun’s indictment on [...]
SEOUL, Jan. 6 (Korea Bizwire) – South Korea’s food imports have been rising sharply in recent years mainly due to increased consumer demand for more diverse products, data showed Wednesday. Asia’s fourth-largest economy posted 554,177 import reports of processed food and agrofisheries products in 2014, up 25.5 percent from 441,530 shipments tallied for the whole [...]
SEOUL, Jan. 6 (Korea Bizwire) – A series of new business hotels have popped up or are set to open in Seoul to attract budget-conscious travelers, but their rapid expansion raises concerns over tighter competition and margins, industry officials said Wednesday. Local and global hotel chains have been building mid-range hotels or renovating existing facilities [...]
SEOUL, Jan.6 (Korea Bizwire) – Among the elderly over 65 and living in Seoul, 3 out of 10 are working to make a living, and those who are working still have trouble covering their basic living costs. According an infographic entitled ‘What Type of Work do the Elderly of Seoul Do?’ created by the Seoul [...]