SEOUL, Jan. 16 (Korea Bizwire) – South Korea’s top 100 large-cap companies have cut more than 7,000 jobs in 2016, data showed Monday, as they are reluctant to hire new employees amid the economy’s prolonged sluggishness. According to the data by market tracker Chaebul.com, the leading companies had a combined 861,578 employees as of the [...]
SEOUL, Jan. 16 (Korea Bizwire) – South Korea’s top mobile carrier SK Telecom Co. sold more than 40,000 units of its Artificial Intelligence (AI) home assistant service in four months, market watchers said Monday. The service, called NUGU, which means “who” in Korean, is the advanced voice recognition butler service that allows users to control [...]
SEJONG, Jan. 16 (Korea Bizwire) – Sales of the Korean lottery Lotto hit their highest last year, statistics from the operator showed Monday, a trend that comes during economic slumps, social analysts say. The statistics from the Korea Lottery Commission said Lotto sales reached 3.55 trillion won (US$3.02 billion), or 3.55 billion tickets, last year, [...]
SEOUL, Jan. 13 (Korea Bizwire) – It’s already two weeks into the new year, which means that more than a few smokers will have failed, once again, with their resolution to butt out. Cessation clinics in Korea tend to boom in early January, with smokers excited about the new, healthy lives that they’re about to [...]
SEOUL, Jan. 13 (Korea Bizwire) – U.S. ambassador Mark Lippert is set to end his 27-month term in South Korea, with his official duties scheduled to wrap up on January 20. During a one-hour farewell press conference held at the ambassadorial residence, Habib House, in central Seoul, Lippert shed tears several times, recalling memories of [...]
SEOUL, Jan. 13 (Korea Bizwire) – With the slogan “Of Men, By Men, For Men,” the Men’s Show 2017 kicked off Friday at Seoul’s COEX for a three-day run. It is Korea’s only exhibition that specifically targets male consumers, showcasing products and activities related to health, beauty, leisure, and fashion. It even features “adult products” [...]
SEOUL, Jan. 13 (Korea Bizwire) – South Korea’s urbanization has left very few young people and children in rural areas. This has naturally led to a declining number of students at elementary, middle, and high schools outside of urban areas, many of which have been closed down, with some of the empty buildings now serving [...]
SEOUL, Jan. 13 (Korea Bizwire) – Giant sponge cakes, better known as giant “Castella” in Korea, originated in Tamsui, Taiwan. As the name suggests, they are about twice the size of typical sponge cakes, measuring 10 to 11 centimeters long and 18 centimeters wide. The cakes first gained widespread recognition in Korea through tvN reality [...]
SEOUL, Jan. 13 (Korea Bizwire) – North Korean mouthpieces on Friday bashed the outgoing U.S. President Barack Obama, claiming he is now leaving the White House as a loser in his confrontation with North Korea. In an article titled “History of (the United States’) One-sided Nuclear Blackmailing That Has Come to an End,” the Rodong [...]
SEOUL, Jan. 13 (Korea Bizwire) – South Korea is preparing a bill to toughen punishment for stalkers and plans to send it to parliament for legislation by the first half of 2017, the women’s affairs minister said. In a meeting with reporters on Thursday, Gender Equality Minister Kang Eun-hee said the government “has prepared the [...]