SEOUL, March 22 (Korea Bizwire) — A virtual reality theme park has opened in Seoul’s popular Hongdae neighborhood, and will serve as a hub of VR content production and distribution. VR Square, a multi-purpose cultural venue, was established as part of the Ministry of Culture, Sports, and Tourism and the Korea Creative Content Agency’s joint efforts [...]
SEOUL, March 22 (Korea Bizwire) — Olive Young and Starbucks have been named the most desirable franchises to work for by South Korean part-time workers, a new survey has found. The South Korean drug store chain is the most popular workplace for part-time workers in South Korea, according to a survey conducted by part-time job search [...]
GANGNEUNG, March 22 (Korea Bizwire) — Now that the PyeongChang Olympics are in the rearview mirror, some have suggested utilizing one of the main venues as an indoor tennis facility. Speaking to the press, Gangneung Mayor Choi Myeong-hee hinted at plans to revamp the Gangneung Oval – which was originally used for speed skating competitions during [...]
SEOUL, March 22 (Korea Bizwire) – Aekyung Industrial Co., a South Korean household goods and cosmetics maker, debuted on the Seoul bourse Thursday, trading above its initial public offering (IPO) price. Shares of Aekyung Industrial were trading at 30,950 won (US$29) as of 11:20 a.m., slightly above the IPO price of 29,100 won. Its market capitalization was 811 billion won. The company said it aims to [...]
SEOUL, March 22 (Korea Bizwire) – The operator of Incheon International Airport and small duty-free shop operators are at odds over rental fees for concessions at South Korea’s main gateway, industry sources said Thursday. The small and medium-sized operators of duty-free stores at the airport’s Terminal 1 have recently demanded the Incheon International Airport Corp. cut their rent by 37.5 percent, far above the 27.9 percent cut offered by the [...]
SEOUL, March 22 (Korea Bizwire) – The UNESCO World Heritage Center has turned down South Korea’s application for its tidal wetlands to be listed as a World Heritage site, the Cultural Heritage Administration (CHA) said Thursday. An official at the CHA said in a phone interview with Yonhap News Agency on Thursday that the center returned the application, citing a lack of information about management [...]
SEOUL, March 22 (Korea Bizwire) — South Korea’s seniors outnumbered the youth population last year for the first time in the country’s history, government data has revealed. There are now more elderly people than young people in South Korea, where the working age population has begun to decline, according to new census data from Statistics Korea [...]
SEOUL, March 22 (Korea Bizwire) — South Korean researchers have developed a new agricultural technology that significantly raises the level of anti-cancer benefits in kale. A research team led by Dr. Roh Joo-won at the Convergence Research Center for Smart Farm Solutions has discovered a method to maximize isothiocyanates, which are a cancer fighting compound found [...]
SEOUL, March 22 (Korea Bizwire) — Luxury fashion brands including Louis Vuitton and Hermès have continued to jack up the prices of their products in South Korea, raising eyebrows among consumers. According to industry sources on Wednesday, some Louis Vuitton items have seen price hikes at duty free shops this month, following earlier price increases late [...]
SEOUL, March 22 (Korea Bizwire) — A school in Gangwon Province has come under fire after taking down a student’s poster criticizing the administration without following regular procedures. The poster put up by a middle school student criticized the school administration for revising its code of conduct without going through the regular procedures, raising an issue [...]