SEOUL, Oct. 4 (Korea Bizwire) – As a Korean-wave mega star, Kim Soo-hyun, whose sales figures reached 200 billion won over the last four years, is entering the army on October 23rd. Not only are his fans disappointed, but the entire entertainment industry is heaving a sigh of resignation. The management company to which he belongs [...]
SEOUL, Oct. 4 (Korea Bizwire) – “The best safeguard against dozing off at the wheel is rest. If you feel tired, I urge you to take a rest at a rest area or a driving shelter,” said President Moon on October 2nd. “Eight out of ten people travel to their hometowns by car. The most dangerous [...]
SEOUL, Oct. 4 (Korea Bizwire) – As the public’s interest in digital currency grows, the Bank of Korea announced on October 2nd that it will be difficult for digital currency to be used as a common currency. The Bank of Korea stated this in its report on the current status and implications of digital currency [...]
SEOUL, Oct. 3 (Korea Bizwire) – “Our goal is not cost effectiveness. We do not think that the target markets overlap,” said an official with one of the competing automakers when Genesis designated the Benz C-class and BMW 3 series as competitors of its model G70 before its launch in the market. “The advertising of the [...]
SEOUL, Oct. 3 (Korea Bizwire) – The number of foreigners visiting Korea for plastic surgery and skin care amounts to 100 thousand a year. The total medical expenses spent by foreigners last year were 270 billion won, accounting for more than 30% of all medical expenses spent by foreigners in Korea. According to statistics that ruling [...]
SEOUL, Oct. 3 (Korea Bizwire) – Tesla, an American electric carmaker now eligible for subsidies from the Korean government, is speeding up its plan to build charging facilities and work its way into the Korean domestic market. According to a source in the automobile industry on October 1st, Tesla Korea is planning to open its 8th [...]
SEJONG, Oct. 2 (Korea Bizwire) – South Korea’s traffic-related deaths have been on a steady decline but still remained at the top level among member countries of the Organization for Economic Cooperation and Development (OECD), government data showed Monday. Based on OECD criteria, the country’s death rates from traffic accidents per 100,000 inhabitants reached 10 [...]
SEOUL, Oct. 2 (Korea Bizwire) – North Koreans are given a single day’s holiday for Chuseok, the traditional Korean autumn harvest feast, in contrast to the more extravagant manner in which its late leaders’ birthdays are celebrated. South Koreans have entered into a unusually long 10-day holiday for Chuseok, which falls on Wednesday, as the [...]
SEOUL, Oct. 2 (Korea Bizwire) – About seven illegal migrant workers are injured and one killed annually on average during government crackdowns in the country, the Ministry of Justice said Monday. The crackdowns on such workers led to 80 casualties, including nine deaths, between 2008 and July this year, the ministry said in a reported [...]
SEJONG, Oct. 2 (Korea Bizwire) – More than 10 million South Koreans swiped their credit cards in foreign countries in 2016 on a sharp rise in overseas travelers, a report showed Monday. A total of 10.79 million people made overseas purchases worth 16.35 trillion won through credit cards in 2016, up from 9.19 million a [...]