SEOUL, April 15 (Korea Bizwire) – South Korea’s sales of sugar by retailers plunged nearly 40 percent in 2016 from three years earlier, data showed Saturday, amid local health authorities’ efforts to promote healthier eating. According to the data compiled by the Food Information Statistics System, the combined amount of sugars sold through retailers came [...]
SEOUL, April 15 (Korea Bizwire) – South Koreans’ healthy life expectancy is estimated to be nine years shorter than the country’s average lifespan, data showed Saturday, urging local health authorities to beef up efforts to improve public health. The country’s average healthy life expectancy, which is defined by the anticipated lifespan of people without any [...]
SEOUL, April 15 (Korea Bizwire) – Lotte Group is expected to suffer damage in sales worth 1 trillion won (US$875.7 million) over the first half of 2017, industry watchers said Saturday, as China continues to condemn its decision to help the South Korean government’s deployment of a U.S. missile defense system. China has been putting [...]
SEOUL, April 15 (Korea Bizwire) – Police in Seoul said Saturday that they will double the number of officers in charge of handling domestic violence cases and implement stronger measures to protect victims. The Seoul Metropolitan Police Agency (SMPA) announced the measures, noting that the number of family violence cases reported in the capital city [...]
SEOUL, April 15 (Korea Bizwire) – The “Whistle” music video by BLACKPINK, one of K-pop’s biggest breakout stars from last year, surpassed 100 million views on YouTube on Saturday, the group’s agency said. The video hit 100,143,704 views as of 7 p.m., eight months after it was uploaded on the global video sharing service last [...]
SEOUL, April 12 (Korea Bizwire) – Hyundai Motor Co. and Kia Motors Corp. increased their market share in Sweden last year as local economic recovery boosted car sales, a state-run trade agency said Wednesday. Hyundai and Kia sold a combined 31,532 vehicles in Sweden in 2016, gaining an 8.47-percent share in the passenger car market. The [...]
SEOUL, April 12 (Korea Bizwire) – Consumption of cheese and butter has increased steadily in South Korea in recent years as a growing number of people consume Western food, data showed Wednesday. Consumption of cheese rose to 140,769 tons last year from 132,593 tons in 2015, 117,827 tons in 2014 and 107,558 in 2013, according [...]
SEOUL, April 10 (Korea Bizwire) – U.S. app-based ride service provider Uber Technologies Inc. said Monday that it is considering a move to launch its on-demand restaurant delivery service in South Korea. UberEats, the online meal ordering and delivery platform, partners with restaurants, with ordering conducted on the company’s Web site or with a smartphone [...]
SEJONG, April 10 (Korea Bizwire) – South Korea’s tax agency has imposed more than 300 billion won (US$262 million) in corporate taxes on the local unit of U.S. tech giant Oracle Corp. for alleged tax evasion, sources familiar with the issue said Monday. The National Tax Service (NTS) took the action against Oracle Korea as [...]
SEOUL, April 10 (Korea Bizwire) – Samsung Electronics Co. could be required to pay additional corporate taxes due to an accounting error, industry sources here said Monday. The total that the tech giant may be ordered to pay has not been announced but sources said it could be a sizable sum, presumably more than 500bln [...]