SEOUL, June 28 (Korea Bizwire) – An increasing number of South Korean tourists are staying at one hotel or resort for a longer period of time to have a more relaxing holiday. According to online retailer Interpark Tour, the number of hotel reservations made for longer than a week accounted for over 10 percent of [...]
HWASEONG, South Korea, June 27 (Yonhap) – Kia Motors Corp., South Korea’s second-largest carmaker, said Tuesday it will add a new SUV to its lineup next month to boost sales. “The B-segment SUV market has grown fast in the past five years since 2013 to 110,000 units in South Korea. The Stonic is to attract [...]
SEOUL, June 27 (Korea Bizwire) – A recent report has revealed the most popular keywords used by South Koreans on social media in recent years, a list that includes ‘rent’, ‘loan’, and ‘self interior’. Amid gloomy prospects of home ownership with a growing number of South Koreans considered ‘rent poor’, the number of mentions of [...]
SEOUL, June 27 (Korea Bizwire) – The South Korean government is introducing new legislation in its fight against corruption, including regulations that will require pharmaceutical companies to divulge payments made to doctors and pharmacists starting next year. Under the new health care reform, pharmaceutical companies that offer financial compensation to medical staff are required to keep [...]
SEOUL, June 27 (Korea Bizwire) – The rapid growth of K Bank is making its rivals nervous, with some bank heads praising the success of Korea’s first internet-only bank as ‘beyond expectations’, and noting that they hope to maintain a good relationship as partners as well as contenders. Speaking to Yonhap News, the heads of major [...]
SEOUL, June 27 (Korea Bizwire) – A major opposition lawmaker has introduced bills to raise taxes on heat-not-burn (HNB) cigarettes, amid concerns that the smoke-free tobacco emits harmful substances. Rep. Kim Gwang-lim of the major opposition Liberty Korea Party presented a proposal earlier in the month that would slap the new products with the same [...]
SEOUL, June 27 (Korea Bizwire) – South Korea said Tuesday that it plans later this week to repatriate eight North Koreans who were rescued last week in the East Sea, as they expressed wishes to go home. The government plans to send them back home around Thursday as it will seek to notify North Korea [...]
SEOUL, June 27 (Korea Bizwire) – South Korea Tuesday denounced the Japanese consul general based in Atlanta, the United States, for his recent remarks disparaging Korean women who were forced into sexual service for front-line Japanese soldiers during World War II. In a recent media interview, Takashi Shinozuka, the consul general of Japan in Atlanta, [...]
SEOUL, June 27 (Korea Bizwire) – Hackers who threatened to launch a distributed denial-of-service attack (DDoS) made good on their promise by attacking a number of South Korean banking institutions on Monday. According to the Financial Supervisory Service (FSS), a hacker group called the Armada Collective targeted the Korea Financial Telecommunications & Clearings Institute (KFTC), [...]
SEOUL, June 27 (Korea Bizwire) – South Korean webtoon makers are branching out into foreign markets, with the hopes of expanding their presence and paving the way for up-and-coming cartoonists. NHN Entertainment, which owns the global webtoon platform ‘Comico’, is at the forefront of the international movement, as the company is scheduled to hold a [...]