SEOUL, Aug. 17 (Korea Bizwire) – Postage stamps in celebration of South Korean President Moon Jae-in’s 100th day in office were released today, seeing hundreds of people waiting in line for hours in what could be the one and only opportunity to get ahold of the rare collectibles. According to Korea Post, over 300 people [...]
SEOUL, Aug. 17 (Korea Bizwire) – The international sensation augmented reality-based mobile game Pokémon Go has suffered a significant drop in user numbers in South Korea over the past five months, with the user base estimated to be a mere sixth of what it was in January, when the app was released, according to the [...]
SEOUL, Aug. 17 (Korea Bizwire) – Prime Minister Lee Nak-yon ordered the government Thursday to conduct an all-out inspection to make sure that chickens and processed foods are safe from insecticide-contaminated eggs even after all tainted eggs are removed from the market. Lee also said that the egg scandal can be brought under control before [...]
SEOUL, Aug. 17 (Korea Bizwire) – Foreign currency deposits held by banks operating in South Korea rose in July from a month earlier as exporters increased their deposits of dollar-denominated earnings, central bank data showed Thursday. Outstanding foreign currency deposits held by local lenders, domestic and foreign, reached US$69.11 billion in July, up $5.5 billion [...]
SEOUL, Aug. 17 (Korea Bizwire) – A record number of TV series will compete in the annual Seoul International Drama Awards (SDA), the organizer said Thursday, despite a drop in participation from Chinese TV shows as Seoul and Beijing are locked in a diplomatic feud over an American missile defense system. At a press briefing [...]
GWANGMYEONG, Aug. 17 (Korea Bizwire) — Over 3 million people have visited Gwangmyeong Cave in Gyeonggi Province in the 28 months since the venue was first commercialized, making it one of the most famous tourist attractions in the region. According to data released on Wednesday by the Gyeonggi provincial government, nearly 3.2 million tourists have visited [...]
SEOUL, Aug. 17 (Korea Bizwire) — A South Korean lawmaker has proposed a bill that prohibits bus drivers from working more than 10 hours per day, following criticism of the poor working conditions in the public transport industry. The transport reform bill, which was put forward by Yoon Jong-ho, a member of the Democratic Party of [...]
SEOUL, Aug. 16 (Korea Bizwire) – Hotel Lotte Co., a hotel and duty-free unit of South Korean retail giant Lotte, saw its operating profit nosedive in the first six months of this year, data showed Wednesday, amid an ongoing diplomatic row between Seoul and Beijing over the deployment of a U.S. missile defense system here. [...]
SEOUL, Aug. 16 (Korea Bizwire) – Union members of Hyundai Motor Co., South Korea’s No. 1 automaker, said Wednesday they will stage partial strikes later this week, expressing discontent over talks with the management on wage hikes and job security. The union said workers will stage a partial strike Thursday through Monday. Workers on the [...]
DAEJEON, Aug. 16 (Korea Bizwire) – South Korea’s National Institute of Forest Science has developed a new wood building material that can withstand fires, opening up the possibility of wooden skyscrapers in the country, the government branch responsible for forestry announced on Wednesday. According to the Korea Forest Service, the National Institute of Forest Science [...]