SEOUL, Jan. 4 (Korea Bizwire) – The growth of mortgage loans in South Korea markedly slowed last month amid indications of interest rate hikes and a downturn in the real estate market, data showed Wednesday. Outstanding home-backed loans extended by six major banks here – KB Koomin, Shinhan, Woori, KEB Hana, NH and the Industrial [...]
GIMHAE, South Korea, Jan. 3 (Korea Bizwire) – You might want to reconsider your options the next time you barbeque ham and sausages. A recent study by an environmental engineering team at Inje University revealed that cooking processed meat like ham and sausages directly on an open flame (i.e. charcoal fire) can dramatically increase the [...]
SEOUL, Jan. 3 (Korea Bizwire) – South Korea suffered severe fine dust levels for the first three days of the new year, with the capital Seoul even issuing on Monday a warning for ultrafine particles for the first time since November 2015. Warnings are typically issued when the average hourly concentration of ultrafine particles reaches [...]
BUSAN, Jan. 3 (Korea Bizwire) – Flowers – once common as welcoming or departing gifts, or congratulatory presents – were scarcely seen at a Busan government office on Monday, despite it being the peak season for promotions and office transfers. According to flower farms in the region, the typical end-of-year or early-year reorganization period for [...]
SEOUL, Jan. 3 (Korea Bizwire) – According to recent data from the Ministry of Agriculture, Food and Rural Affairs, the average egg price in Korea is up to 2.8 times higher than in overseas markets, posing a threat to bakeries and confectioneries. The ministry compared the wholesale prices of eggs in the United States, Spain, [...]
SEOUL, Jan. 3 (Korea Bizwire) – The mobile Internet is found to be the most frequently used medium among South Korean teenagers outstripping TVs, newspapers and other traditional media, according to a survey released Tuesday. The study, conducted from June 23 to July 29, also showed that one in four teens have experience using one-person [...]
SEOUL, Jan. 3 (Korea Bizwire) – Hyundai Merchant Marine Co., a major South Korean shipping line, said Tuesday that it has agreed to forge an alliance with two local rivals, a move apparently aimed at overcoming the downturn swarming the entire industry. Under the strategic alliance, the three firms will create a joint consortium, named [...]
SEOUL, Jan. 3 (Korea Bizwire) – For the first time in the history of South Korean Air Force, three female majors – Park Ji-won, Park Ji-yeon, and Ha Jung-mi – were appointed as squadron leaders, 15 years after Korea saw its first female air force pilot. The leaders will be in charge of aiding their [...]
SEOUL, Jan. 3 (Korea Bizwire) – In a series of what are being seen as retaliatory measures over Korea’s decision to deploy an American THAAD missile battery, the Chinese government recently rejected a request from South Korean airlines to operate charter flights between the two countries, adding to previously announced orders to cut down the [...]
HOENGSEONG, South Korea, Jan. 3 (Korea Bizwire) – Hoengseong County, Gangwon Province, has been using hundreds of meters of temporary fencing built around construction sites to promote anti-smoking campaigns. The posters attached to the fencing range from slogans like “quitting smoking, the beginning of love for family,” to more fact-driven information like “quitting smoking can [...]