SEOUL, Feb. 26 (Korea Bizwire) – Despite a general lack of enthusiasm for the 2018 PyeongChang Olympics, South Korean TV ratings fared well, with over 65 percent of the public tuned in at one point to watch two-time gold medalist Lee Sang-hwa compete. SBS came out on top of the ratings war in South Korea, leaving [...]
SEOUL, Feb. 26 (Korea Bizwire) — An increasing number of South Koreans are relying on social media to air their grievances, more so than for positive feelings, a new study has found. Artificial intelligence-based big data analysis released by Daumsoft on Monday revealed that more South Koreans expressed their personal feelings on social media last year [...]
SEOUL, Feb. 26 (Korea Bizwire) — Thousands of young YouTube users attended Google’s Kids Festival over the weekend, signaling the growing popularity of YouTubers, who are becoming celebrities in their own right in South Korea. The Kids Festival was held as part of Google’s YouTube FanFest Korea 2018 in Seoul on Saturday, featuring live performances and [...]
SEJONG, Feb. 26 (Korea Bizwire) – South Korea will decide whether to provide tax benefits for General Motors Co.’s Korean unit after looking into its new investment plans, including the allocation of new models for production, a senior government official said Monday. GM plans to close its underutilized Gunsan factory in the country’s southwest by May, saying it will decide the fate of its three other Korean factories after [...]
SEOUL, Feb. 26 (Korea Bizwire) – A group of progressive South Korean Catholic preiests has issued an apology after a former member was accused of atempted rape seven years ago in South Sudan. A priest at the Catholic Diocese of Suwon, who is only identified by his surname Han, is accused of attempting to rape a female volunteer worker multiple times during his stay in South [...]
SEOUL, Feb. 26 (Korea Bizwire) – KT&G Corp., South Korea’s major tobacco company, said Monday its January net income rose 31 percent from a year ago amid fluctuations in the won-dollar exchange rate. Net profit came to 58.8 billion won (US$55 million) last month, compared with 44.9 billion won posted a year earlier, the company [...]
SEOUL, Feb. 26 (Korea Bizwire) – The government on Monday dismissed reports of a possible dispute with North Korea at the PyeongChang Winter Olympic Games, which was evident to some in the separate entry of their athletes at the closing ceremony, saying there had been no plans for a joint entry in the first place. [...]
SEOUL, Feb. 26 (Korea Bizwire) — South Korean gamers who play PlayerUnknown’s Battlegrounds are breaking boundaries between online broadcasting and gaming itself, with more and more turning to the internet to show off their gaming skills. PlayerUnknown’s Battlegrounds (PUBG), a South Korean online battle royale game that has garnered international popularity since its release last year, [...]
SEOUL, Feb. 26 (Korea Bizwire) – South Korea’s budget carries transported a record high of over 20 million passengers for the whole of 2017, up sharply from the year before, industry data showed Saturday. Numbers provided by the transportation ministry and the tourism sector showed the country’s six low cost carriers (LCCs) ferried 20.3 million people, up a sharp 41.9 [...]
SEOUL, Feb. 26 (Korea Bizwire) – South Korea’s chip exports are expected to continue to post solid growth and surpass US$10 billion in monthly shipments during the first half of this year, industry experts said Sunday. Exports of semiconductors soared 53.8 percent on-year to $9.86 billion in January — the second-largest ever monthly sales — according to the Ministry of Trade, Industry and Energy. In September last year, exports of semiconductors soared 73.3 percent on-year to an unprecedented $9.88 billion, and [...]