SEOUL, Jan. 2 (Korea Bizwire) – The year of 2016 was marked by several changes in consumption patterns, including the emergence of DIY activities like drinking or eating alone, the tendency to make bold purchases on a few things deemed important, despite cutting down on overall consumption, and thrift shopping without overthinking the perceptions of [...]
SEOUL, Jan. 2 (Korea Bizwire) – According to recent reports, a Chinese “celebrity blacklist” was found to have included not only entertainers from Hong Kong and Taiwan, but also celebrities from other countries, including Korea, Japan, the U.S., and Australia. Hong Kong-based newspaper Apple Daily reported Sunday that China’s Ministry of Culture issued the blacklist, [...]
SEOUL, Jan. 2 (Korea Bizwire) – Global sales of cars produced by five South Korea-based automakers shrank slightly from a year earlier in 2016 due to a decline in overseas sales that more than offset an increase in sales here, data released by the carmakers showed Monday. The combined global sales of the five automakers [...]
SEOUL, Jan. 2 (Korea Bizwire) – South Korea’s average temperature hit a record high last year due to climate change, which has also caused the world to see the highest-ever annual average temperatures, the weather agency said Monday. The median temperature was 13.6 C between January and November, 1.1 degrees higher than usual, the Korea [...]
SEOUL, Jan. 2 (Korea Bizwire) – LG Chem Ltd., South Korea’s top chemicals firm, will focus on the energy and bio sectors this year as part of an effort to diversify its business portfolio and secure new growth engines, its head said Monday. In a New Year message to its employees, Park Jin-soo, vice chairman [...]
SEOUL, Jan. 2 (Korea Bizwire) – South Korea is mulling countermeasures in response to suspicions that China is retaliating against the decision reached with the United States to deploy an advanced anti-missile defense system on its soil, a diplomatic source said Monday. In July, South Korea and the U.S. announced a plan to station a [...]
BUSAN, Jan. 2 (Korea Bizwire) – The civic organization that erected in Busan last week a “comfort woman” statue representing the victims of Japan’s wartime sexual slavery is now attempting to have it designated as a public sculpture. Members of the organization tried to install the statue last Wednesday in front of the city’s Japanese [...]
SEOUL, Jan. 2 (Korea Bizwire) – Son Ji-chang, a South Korean actor and singer currently residing in California, is suing Tesla for the alleged sudden acceleration of his Tesla vehicle, a bad omen for the company looking to launch its first dealership in Korea. The 46-year-old celebrity, who was popular in the 1990s, uploaded a [...]
SEOUL, Jan. 2 (Korea Bizwire) – Starting Monday, consumers will have more options available when they search for car insurance on Boheom Damoa (e-insmarket.or.kr), a comparison website for various insurance products (including car, health, travel, etc.). According to the Financial Services Commission, the website, which in the past only allowed insurance premium comparisons for domestic [...]
SEOUL, Jan. 2 (Korea Bizwire) – Private investors were the big losers in last year’s stock market, a contrast to institutional and foreign investors that ended the year on the plus side, financial industry data showed Monday. The top 20 most-purchased stocks by private investors in the main bourse KOSPI ended 33.07 percent down by [...]