SEOUL, Feb. 14 (Korea Bizwire) – The number of South Korean women suffering from cystitis increases significantly during the Lunar New Year holiday due to stress and a weak immune system, a new study has found. According to data from the Health Insurance Review & Assessment Service (HIRA), an estimated 5,268 people were diagnosed with cystitis [...]
SEOUL, Feb. 13 (Korea Bizwire) – An increasing number of households are using strawberries and bananas for ancestral memorial rites during the Lunar New Year. According to data from the Rural Development Administration (RDA), over 8 in 10 South Koreans buy fruits for memorial ceremonies, with nearly 1 in 4 serving strawberries and bananas for [...]
SEOUL, Feb. 13 (Korea Bizwire) – SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., swung to a net loss last year on weak exports and the strong won, the company said Tuesday. For the whole of 2017, the company posted a net loss of 65.8 billion won (US$61 million), [...]
GANGNEUNG, South Korea, Feb. 13 (Korea Bizwire) – North Korea’s cheerleaders visiting the South for the PyeongChang Winter Olympics staged a surprise performance Tuesday during their trip to a tourist attraction in Gangneung, a sub-host city of the Olympics. Some 80 members of the squad visited Ojukheon, the birth home of Yi I, a 16th [...]
SEOUL, Feb. 13 (Korea Bizwire) – Lotte Duty Free, South Korea’s No. 1 duty-free retailer, said Tuesday it will partially close down its operations at the country’s main gateway mainly due to a sharp drop in sales. Lotte Duty Free said it has filed an official request with Incheon International Airport Corp. (IIAC) to withdraw [...]
GANGNEUNG, South Korea, Feb. 13 (Korea Bizwire) – Japanese figure skating sensation and defending Olympic champion Yuzuru Hanyu said Tuesday he is ready to show his “dream performance” at the PyeongChang Winter Olympics, as he has fully recovered from a months long ankle injury. “It has been three months since I got injured, and there [...]
SEOUL, Feb. 13 (Korea Bizwire) – GM Korea’s decision to close one of its manufacturing plants is expected to undercut the South Korean automobile industry’s competitiveness on the world stage. Reports that General Motors will shutter its Gunsan facility – one of its four car assembly plants in South Korea – over low demand come [...]
SEOUL, Feb. 13 (Korea Bizwire) – A new survey has revealed 7 in 10 South Korean adults fear privacy invasion from virtual assistants. Findings from the survey conducted by pollster Embrain last month showed that nearly 66 percent of South Koreans who have used digital devices in the past are afraid of virtual assistants committing [...]
SEOUL, Feb. 13 (Korea Bizwire) – The South Korean government is mulling over compulsory military service for naturalized citizens. According to the immigration reforms announced by Prime Minister Lee Nak-yeon at a meeting on Monday, men with naturalized Korean citizenship will be required to serve in the military just like South Korean-born citizens. During the [...]
SEOUL, Feb. 13 (Korea Bizwire) – Cosmetic chain Nature Republic’s flagship store in Myeong-dong has been named the most expensive commercial property in South Korea for the 15th consecutive year, new government data has revealed. According to data released by the Ministry of Land, Infrastructure and Transport on Monday, properties in Myeong-dong dominated the top [...]