SEOUL, May 10 (Korea Bizwire) – Sales of midsize hybrid cars were halved in the first four months of this year, mainly due to existing vehicle models becoming dated and the popularity of new non-hybrid vehicles, market watchers said Sunday. Data provided by carmakers showed sales of the Sonata, K5 and Malibu hit 2,268 units at the end of April, down a sharp 49.7 percent from [...]
SEOUL, May 9 (Korea Bizwire) – The Korea Fair Trade Commission (FTC) is mounting a legal challenge against South Korean retail giants including E-mart, Lotte Mart, and Homeplus over their misleading ‘buy one, get one free’ deals, after reports emerged accusing the supermarket chains of doubling the original price of products to deceive consumers. The FTC [...]
SEOUL, May 8 (Korea Bizwire) – Prime-age workers, supposedly the most economically active group that earns and spends more than any other, are slowly disappearing from the South Korean job market, Statistics Korea said last Saturday. According to recent figures from the government statistics agency, the number of workers aged between 25 and 49 is [...]
SEJONG, May 8 (Yonhap) – The unemployment rate for the age group of 20s and 30s with no career experience hit a record high in the first quarter, due largely to a sluggish recruitment market and preference for hiring experienced workers, government data showed Saturday. The tally on the unemployed aged 20-39 who have never had a [...]
SEOUL, May 8 (Korea Bizwire) – Online live video game streaming is taking the world by storm, as the idea of sharing and enjoying the experience of playing and watching games becomes increasingly popular, and the impact is being also felt in South Korea where eSports have a huge following. As demand for video game streaming [...]
SEOUL, May 8 (Korea Bizwire) – As the Seoul Metropolitan Government continues to ramp up its efforts to invest in infrastructure, more and more people are using Seoul’s car and bicycle sharing services. As the prospects of splashing out on buying a new car are proving daunting for consumers amid the sluggish economy, not to mention [...]
SEOUL, May 8 (Korea Bizwire) – The location-based services (LBS) market in South Korea is growing at a rapid clip as industry forecasts predict a 70 percent increase in market growth this year. According to an industry report on the LBS market recently published by the Korea Internet Security Agency (KISA), demand has been growing for [...]
BUSAN, May 8 (Korea Bizwire) – Police Agency after local law enforcement agents began confiscating license plates from cars owned by those whose traffic violation fines were more than 60 days’ delinquent. The Busan Metropolitan Police Agency reported a total sum of 930 million won was collected in traffic fines from early January to April this [...]
SEOUL, May 8 (Korea Bizwire) – In the wake of the recent air pollution epidemic that is plaguing the country, South Korean search giant Naver added a new feature to its mobile web mapping service last week which tracks and records the movement of fine dust in Korea, China and Japan, allowing users to check fine [...]
SEJONG, May 8 (Korea Bizwire) – South Korea has the highest employment rate of seniors among advanced countries due to the rapid aging and insufficient social welfare system, data said Monday. The employment rate of South Koreans aged 75 or older reached 17.9 percent in 2015, ranking first among 25 members of the Organization for [...]