SEOUL, Jan. 3 (Korea Bizwire) – A recent study by preventive medicine researchers at Seoul National University revealed that living near parks or other green spaces can decrease the risk of hyperlipidemia – an unusually high concentration of fats or lipids in the blood resulting from a high cholesterol diet, lack of exercise, or stress. [...]
SEOUL, Jan. 3 (Korea Bizwire) – South Korea’s anti-trust regulator on Tuesday slapped a 526 million won (US$437,000) fine on Pizza Hut Korea for its unfair business practice against local outlets. The U.S.-based restaurant chain has collected a total of 6.8 billion won from franchisees here in the name of marketing and management fees outside [...]
SEOUL, Jan. 3 (Korea Bizwire) – International air cargo shipped to and from South Korea via its Incheon International Airport climbed to a new annual high in 2016, despite a significant drop in the country’s overall imports and exports, the government said Tuesday. The amount of international cargo processed at the Incheon airport, the main [...]
SEJONG, Jan. 3 (Korea Bizwire) – South Korea’s economic growth is not creating as many jobs as before, government analysis indicated Tuesday, saddling the country with bad news when growth projections are being marked down. Numbers provided by the Ministry of Strategy and Finance and Statistics Korea show the government expects 2.6 percent economic expansion [...]
SEOUL, Jan. 3 (Korea Bizwire) – South Korea’s exports to China increased 9.6 percent on-year last month, following a 0.4 percent gain in November, data showed Tuesday, with industry experts forecasting that outbound shipments to Seoul’s largest trading partner will stay on a recovery track down the road. South Korea’s outbound shipments to China reached [...]
SEOUL, Jan. 3 (Korea Bizwire) – The number of North Koreans escaping to South Korea rose 11 percent on-year in 2016, government data showed Tuesday, as more elites and overseas workers fled the country amid tough international sanctions. A total of 1,414 North Koreans came to South Korea last year, compared to 1,275 tallied for [...]
SEOUL, Jan. 3 (Korea Bizwire) – South Korean companies will likely face a wide range of new and prolonged risks that will make their very survival a challenge this year, a survey showed Tuesday. In a recent survey conducted by the Korea Chamber of Commerce and Industry (KCCI), 92.3 percent of some 50 local experts [...]
SEOUL, Jan. 2 (Korea Bizwire) – After last week’s discovery of cats infected with the H5N6 strain of avian influenza in Korea, animal rights activists have voiced concerns that the animals may also face a similar fate as some 30 million poultry that have been culled so far across the country. Although the government made [...]
YONGIN, South Korea, Jan. 2 (Korea Bizwire) – Covered in snow and newly-built ice walls, Everland has just introduced a “Snow Safari” adventure for an opportunity to witness at close distance some 40 of its wild beasts, including brown bears and tigers, roaming around in a winter world. In addition to the Snow Safari, Everland [...]
SEOUL, Jan. 2 (Korea Bizwire) – The Republic of Korea Navy carried out its first maritime drill of 2017 on Monday with some 20 warships, including its newest 2,500-ton frigates, 1,000-ton patrol vessels, and 130-ton attack boats, participating. According to officials, the drills, which took place on all three – western, eastern, southern – coastal [...]