SEOUL, Jan. 17 (Korea Bizwire) – South Korea has one of the world’s highest plastic surgery rates. In 2015, over 1.1 million individuals went under the knife, and roughly one in five women aged between 19 and 50 claimed to have had at least one cosmetic procedure in their life. Surprisingly, however, nine out of [...]
SEOUL, Jan. 17 (Korea Bizwire) – Singer Rain announced Tuesday he plans to marry Kim Tae-hee, an actress he has dated for over four years. “I am going to be a good husband and a faithful man of the family,” he said in a handwritten letter posted on his Instagram account earlier in the day. [...]
SEOUL, Jan. 17 (Korea Bizwire) – The South Korean government said Tuesday it will provide small and medium-sized enterprises (SMEs) here with a record level of financial support this year via policy lenders to help them weather difficult business conditions. The lenders will increase their lending to 186.7 trillion won (US$156 billion) for the year [...]
SEOUL, Jan. 17 (Korea Bizwire) – GM Korea Co., the South Korean unit of U.S. automaker General Motors Co., will again see domestic sales grow this year, its CEO James Kim said Tuesday, adding he was confident the company’s market share will breach the 10-percent mark for the first time in a decade. “I believe [...]
SEOUL, Jan. 17 (Korea Bizwire) – The number of registered vehicles in South Korea continued to grow, nearing 22 million in 2016, the government said Tuesday. Car registrations came to 21,803,351 units as of end-2016, up 3.9 percent or some 813,000 from a year earlier, according to the Ministry of Land, Infrastructure and Transport. The [...]
SEJONG, Jan. 17 (Korea Bizwire) – The poverty rate for working low-income elderly people reached close to 62 percent in 2015, according to government statistics on Tuesday, showing that some of the aged population cannot sustain themselves even when they have jobs. Records collected from Statistics Korea, Bank of Korea and the Financial Supervisory Service [...]
SEOUL, Jan. 17 (Korea Bizwire) – The chief of Kumho Asiana Group, parent of Asiana Airlines Co., said Tuesday that he will exercise his right to buy back a tire-making unit from its creditors currently up for sale. The creditors of Kumho Tire Co., led by the state-run Korea Development Bank, are set to announce [...]
SEOUL, Jan. 16 (Korea Bizwire) – The road to perfection is not easy. But it can also be dangerous for those who try to push themselves to the limits. A recent study by the OECD Korea Policy Centre revealed that a concerning number of classical musicians in Korea are struggling with both mental and physical [...]
SEOUL, Jan. 16 (Korea Bizwire) – Despite the economic, diplomatic, and political drawbacks of 2016, Korea’s content industry continued its march forward. According to the Ministry of Culture, Sports and Tourism, and the Korea Creative Content Agency, the content industry grew by 5.7 percent last year to 105.2 trillion won ($89 billion), setting an important [...]
SEOUL, Jan. 16 (Korea Bizwire) – There are no zombies in the demilitarized zone (DMZ), but Ukrainian-born actress Milla Jovovich decided to pay a visit anyway. Jovovich was in South Korea promoting her upcoming film Resident Evil: The Final Chapter, the final installment of the zombie film series, which is scheduled for release here on [...]