LOS ANGELES,Nov. 1 (Korea Bizwire) – The Los Angeles office of the Korea Tourism Organization (KTO) will release a comprehensive online guide for the PyeongChang 2018 Winter Olympic Games on Wednesday, containing useful information for those who plan to visit the city. The new guide, which will be released through the KTO’s social media channel tomorrow, [...]
ATHENS, Oct. 31 (Korea Bizwire) – The Olympic flame was handed over tothe South Korean organizers of the PyeongChang Winter Games at a ceremony here Tuesday. Spyros Capralos, who leads the Hellenic Olympic Committee, passed the flame to Lee Hee-beom, president of the PyeongChang Organizing Committee for the 2018 Olympic & Paralympic Winter Games (POCOG), at the Panathenaic Stadium in Athens. Some thousands of guests, including Greek President Prokopios Pavlopoulos, were in attendance to watch the Olympic flame handover ceremony. This is the [...]
SEOUL, Oct. 31 (Korea Bizwire) – The gap continues to widen between the number of South Korean visitors to Japan and South Korea-bound Japanese tourists, sending alarming signs of the troubles facing the South Korean tourism industry and prompting tourism officials in South Korea to ramp up efforts to encourage domestic tourism. According to data provided [...]
SEOUL, Oct. 31 (Korea Bizwire) – Hyundai Motor Co., South Korea’s largest carmaker, has hired an ex-BMW platform expert for the overhaul of its luxury lineup, the company said Tuesday. Fayez Abdul Rahman, 58, will join Hyundai Motor on Wednesday to help develop the next-generation platform for Genesis sedans, and other luxury and high-performance models, Hyundai [...]
SEOUL, Oct. 31 (Korea Bizwire) – South Korea’s grand sale festival this year is likely to end without the luster of past years despite its growth in size, due in part to the depressed sales caused by a long holiday and drop in Chinese shoppers, retail industry sources said Tuesday. The Korea Sale Festa began on Sept. 28 for a 34-day run and [...]
SEOUL, Oct. 31 (Korea Bizwire) – Jin Air Co., the low-cost carrier unit of Hanjin KAL Corp., said Tuesday it will raise over 300 billion won (US$268 million) through its planned initial public offering in December for the expansion of its fleet and routes. The nine-year-old budget carrier plans to place 9 million existing stocks [...]
SEOUL, Oct. 31 (Korea Bizwire) – A new survey has revealed nearly 7 in 10 South Korean smartphone users feel compelled to stay in group chat rooms in fear of hurting other people’s feelings. According to findings from an online survey by the Korea Press Foundation that were released on Tuesday, an overwhelming 70.8 percent said [...]
SEOUL, Oct. 31 (Korea Bizwire) – South Korean pharmaceutical firms Medytox and Daewoong Pharmaceuticals are heading to court to settle a dispute surrounding the use of botulinum toxin, a highly poisonous substance used to make Botox, with the South Korean media branding the legal battle as the ‘Botox War’. According to Medytox on Monday, the pharmaceutical [...]
SEOUL, Oct. 31 (Korea Bizwire) — South Korean and Chinese government officials are communicating through diplomatic channels to solve the issue of the deployment of THAAD anti-missile systems in Korea, ahead of this year’s APEC meeting in Vietnam next month. According to government sources, plans for a South Korea-China summit meeting and an official statement from [...]
SEOUL, Oct. 31 (Korea Bizwire) – Local furniture shops in Goyang are reporting sales drops after global furniture giant IKEA recently opened a new store in the city. Numerous media outlets have reported that the historical furniture shopping complex in Goyang, also one of the biggest in the country, has been hit hard by the new [...]