SEOUL, May 30 (Korea Bizwire) – South Korean stocks ended slightly lower Tuesday as foreign investors and institutions offloaded large-cap stocks in an apparent move to lock in profits. The Korean won fell against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) shed 9.29 points, or 0.39 percent, to 2,343.68. Bae Sung-young, [...]
SEOUL, May 30 (Korea Bizwire) – The number of South Koreans visiting China shrank by almost half in March-May from a year earlier, data from a major travel agency showed Tuesday, reflecting weak demand amid the ongoing diplomatic row between the neighboring countries. The tally on outbound travelers to China plunged 42 percent in the [...]
SEOUL, May 30 (Korea Bizwire) – Senior diplomats of South Korea and Canada agreed Tuesday to work together to denuclearize North Korea, the Ministry of Foreign Affairs here said. North Korea’s nuclear development, inter-Korean affairs and bilateral collaboration on economic cooperation were also discussed in the talks between Vice Foreign Minister Lim Sung-nam and Canadian [...]
BRAZIL, May 30 (Korea Bizwire) – The Bank of Korea (BOK) announced yesterday plans to include the sharing and digital economy in its new gross domestic product report, which will be published in 2019. The latest plan by the BOK for an overhaul of GDP statistics will see sharing services like Uber and Airbnb or [...]
BRAZIL, May 30 (Korea Bizwire) – An event celebrating the launch of Korean Culture Day was held in Brazil’s largest city, Sao Paulo, last Friday. The event was held at the Municipal Chamber of Sao Paulo in the presence of officials from the Korean Consulate office of Brazil, an association of Korean residents and highly [...]
SEOUL, May 30 (Korea Bizwire) – Hyundai Motor Co. said Tuesday it will unveil its brand new subcompact sport utility vehicle (SUV) locally on June 13 as it released a teaser image highlighting the car’s low silhouette and wide stance. South Korea’s largest carmaker by sales is set to make its foray into North American [...]
SEOUL, May 30 (Korea Bizwire) – The financial regulator said Tuesday it will apply tighter rules for mortgage loans to all mutual savings institutions starting next month, in the latest step to control fast-growing household debt. The tighter rules, which already have been applied to retail banks and other depository institutions, require borrowers to repay [...]
SEOUL, May 30 (Korea Bizwire) – The average suicide rate among South Koreans is 2.6 times higher than that of the European Union, according to new statistics. According to Eurostat, the EU’s official statistics institute, 58,000 of 4.9 million Europeans who died in 2014 took their own lives, accounting for 1.2 percent of all deaths [...]
SEOUL, May 30 (Korea Bizwire) – As a long-term drought continues in South Korea, apprehensive farmers are resorting to traditional rain calling rituals in hopes of better farming yields, with some of the ceremonies dating back to 500 years ago. Last Thursday in Anseong, a city in Gyeonggi Province, a Korean rain calling ceremony was [...]
SEOUL, May 30 (Korea Bizwire) – South Koreans believe they have a long way to go for the culture of ‘dying well’ to be widely understood and entrenched in society, according to a new medical survey. The survey released yesterday by Seoul National University’s College of Medicine on hospice facilities and palliative care revealed over [...]