SEOUL, Nov. 1 (Korea Bizwire) – North Korea is aggressively registering its trademarks amid its leader Kim Jong-un’s repeated order to produce “world-class” consumer products, a U.S. broadcaster said Wednesday. The North recently registered three trademarks with the World Intellectual Property Organization (WIPO), including those of the Ryukyung Kimchi Factory and the Pyongyang Bag Factory, [...]
SEOUL, Nov. 1 (Korea Bizwire) – The number of South-Korean born non-citizen adoptees is estimated to be around 26,000, urging the government to take appropriate measures before it’s too late. The shocking findings come from data put forward by lawmaker Ki Dong-min on Tuesday, which revealed 25,996 South Korean-born international adoptees had no citizenship as of [...]
SEOUL, Nov. 1 (Korea Bizwire) – Shanghai-based South Korean businessman Kim Hae-soo has won this year’s ‘Next Generation Rising Venture Conference’ with his business of virtual reality-based room escape cafés. During the event, which was jointly held by the World Federation of Overseas Korean Traders Association and Yonhap News Agency to help young South Korean businessmen [...]
BUCHEON, South Korea, Nov. 1 (Korea Bizwire) – The South Korean city of Bucheon said Wednesday that it has become a UNESCO City of Literature, Asia’s first and 21st in the world. The City of Literature program is part of the global culture body’s Creative Cities Network aimed at fostering cultural diversity. Launched in 2004, [...]
SUWON, Nov. 1 (Korea Bizwire) – Despite a number of initiatives to attract international tourists, the number of visitors to Gyeonggi Province has remained underwhelming, new government data has revealed. Gyeonggi Province has been attempting to boost the local economy by developing new tourism programs and other promotional activities with the slogan ‘Gwangang Gyeonggi’ (Tourism Gyeonggi), [...]
SEJONG, Nov. 1 (Korea Bizwire) – South Korea’s exports jumped 7.1 percent in October from a year earlier on the back of strong demand for semiconductors, ships and petrochemical products, government data showed Wednesday. Outbound shipments came to US$45 billion for October, up from $41.9 billion tallied a year earlier, according to data compiled by the Ministry of Trade, Industry and Energy and the [...]
SEOUL, Nov. 1 (Korea Bizwire) – A South Korean think tank on Wednesday revised up its growth outlook for Asia’s fourth-largest economy this year to 3.1 percent, up 0.1 percentage point from its previous estimate in July. The upward revision by the Korea Institute of Finance is higher than growth outlooks estimated by the Korean [...]
SEOUL, Nov. 1 (Korea Bizwire) – ‘Bulgogi’ and ‘jjimdak’ have been found to be two of the most popular Korean dishes among foreign nationals living in South Korea, according to a new survey. The survey conducted by food and beverage company CJ CheilJedang on Tuesday revealed that bulgogi is the most popular Korean dish among foreign [...]
SEOUL, Nov. 1 (Korea Bizwire) – Postal stamps in celebration of the PyeongChang 2018 Olympic Winter Games are set to be released on Wednesday, Korea Post has said. According to the national postal service, 1.4 million stamps, which come in 20 designs, will be printed and go on sale today, exactly 100 days before the start [...]
SEOUL, Nov. 1 (Korea Bizwire) – Luxury fashion brand Chanel is raising prices by up to 30 percent in South Korea, despite criticism. It’s the third time this year alone that the French fashion brand has raised prices in the South Korean market, with the cost of a wide range of products expected to rise, including [...]