SEOUL, July 24 (Korea Bizwire) — A senior Australian Army officer has portrayed a South Korean-made Chunmoo multiple rocket launcher as having a “great” capability, as Seoul has been striving to strengthen its foothold in the Australian defense market. Brigadier Damian Hill made the remarks in a written interview with Yonhap News Agency, as Seoul [...]
SEOUL, July 24 (Korea Bizwire) — South Korean households have saved an additional 100 trillion won (US$77.7 billion) or over during the COVID-19 pandemic from before the pandemic on reduced consumption and increased government support, a central bank report showed Monday. Excess savings made from 2020-2022 totaled between 101 trillion won and 129 trillion won, [...]
SEOUL, July 24 (Korea Bizwire) — South Korea’s top steelmaker POSCO Holdings Inc. said Monday its second-quarter earnings tumbled nearly 56 percent on-year amid sluggish sales. Consolidated net profit came to 800 billion won (US$621.4 million) in the April-June period, down 55.6 percent from a year earlier, the company said in a regulatory filing. Sales [...]
SEOUL, July 24 (Korea Bizwire) — POSCO Future M Co. said Monday its second-quarter operating profit fell 5.6 percent from a year earlier, while unveiling a plan to spend over 680 billion won (US$529 million) to expand its manufacturing facility for a key electric vehicle (EV) battery material. Operating income reached 52.1 billion won in [...]
SEOUL, July 24 (Korea Bizwire) — Papa John’s Korea has launched an American style fried chicken brand in South Korea as part of its plan to break into the country’s competitive market, company officials said Monday. Mama Chicken opened its first store in the Mapo district in western Seoul on Friday, according to the officials [...]
SEOUL, July 24 (Korea Bizwire) — A 93-year-old British veteran of the 1950-53 Korean War and winner of a major British TV competition will visit South Korea this week to perform in a ceremony commemorating the signing of the conflict’s armistice, Seoul’s veterans ministry said Monday. Colin Thackery, who rose to fame after winning in [...]
SEOUL, July 24 (Korea Bizwire) — Pixar Animation Studios’ “Elemental” has drawn over 5 million moviegoers in the local box office, becoming the most-viewed Pixar film ever released in South Korea. “Elemental,” the Disney-owned animation studio’s latest film, had garnered a cumulative audience of 5.03 million as of Monday, the 40th day of its release, [...]
SEOUL, July 24 (Korea Bizwire) — A pop-up store to mark the upcoming Seoul visit of the English football club Manchester City will be opened later this week, its operator said Monday. The pop-up store, named “Puma City,” will operate from Friday to Sunday at Lotte World Mall in Jamsil, southern Seoul, according to Lotte [...]
SEOUL, July 24 (Korea Bizwire) – Once regarded as a declining industry due to the gaming industry’s mobile transition and the COVID-19 pandemic, internet cafes, known as “PC bangs” in Korean, are now transforming into new cultural spaces through partnerships with the e-sports industry. E-sports team Nongshim Redforce launched an internet cafe brand called Redforce [...]
SEOUL, July 24 (Korea Bizwire) — As the drama series progresses, the time spent watching content through Netflix increases compared to conventional cable TV, confirming the phenomenon of binge-watching on the platform, a study showed Sunday. According to an academic thesis published in South Korea’s Journal of Visual Culture Content, a research team analyzed TV [...]