BUSAN, Dec. 23 (Korea Bizwire) – “Corporate promotion programs” offered by local low-cost carriers have become extremely popular, and fruitful, for both airlines and their passengers. These types of programs, simply put, provide discounts on fares for all employees from affiliate companies, year-round. For instance, the journey from Seoul to Busan, a popular air route [...]
BUSAN, Dec. 23 (Korea Bizwire) – A recent analysis has forecasted that the reshuffling of global container shipping alliances planned for April 2017 will lead to an additional drop in the volume of transshipment cargo at the Port of Busan – Korea’s largest port – adding to its troubles stemming from the Hanjin Shipping crisis. [...]
SEOUL, Dec. 23 (Korea Bizwire) – Filipino boxing star Manny Pacquiao arrived in South Korea Friday for a Christmas vacation and charity events, and he is scheduled to meet Gangnam Style superstar PSY Friday night at the PSY All Night Stand 2016 concert. “I visited Korea together with family to watch the snow,” he said, [...]
SEOUL, Dec. 23 (Korea Bizwire) – A foundation dedicated to supporting South Korean women forced into wartime brothels for the Japanese military said Friday that five more victims have expressed their intent to accept compensation disbursed by the Japanese government, bring the total to 34 out of the 46 women still alive. The Reconciliation and [...]
CHEONGSONG, South Korea, Dec. 23 (Korea Bizwire) – The UNESCO Global Geoparks Network has recommended that Cheongsong National Geopark in South Korea’s southeastern region be registered on its geoparks list, the Cheongsong municipality said Friday. The recommendation to the municipal government in the country’s southeast province of North Gyeongsang raises the prospects that the mountainous [...]
SEOUL, Dec. 23 (Korea Bizwire) – Prices of major food products in South Korea have risen recently, putting a larger burden on consumers already hit by the fallout from the worst outbreak of avian influenza, industry sources said Friday. Nongshim Co., the nation’s top instant noodle ramyeon maker, jacked up the average price of its [...]
SEJONG, Dec. 23 (Korea Bizwire) – The number of newly established companies in South Korea fell slightly last year amid a protracted economic slump, government data showed Friday. Some 813,000 new businesses were created in 2015, down 30,000 from 843,000 tallied a year earlier, according to the data compiled by Statistics Korea. They took up [...]
SEOUL, Dec. 23 (Korea Bizwire) – Jongno Seojeok, or Jongno Books, reopened Friday 14 years after its closing. The bookstore was launched in 1907 by a Jesuit organization. Over the following decades, Jongno Seojeok became a popular meet-up spot and cultural space for Seoulites. However, with the introduction of new franchise outlets such as Kyobo [...]
SEOUL, Dec. 23 (Korea Bizwire) – Executives from Hyundai Motor Group have expressed concerns for 2017, mainly from the stagnant global automotive industry and a strong comeback from Japanese automakers buoyed by the low Japanese yen. During a seminar on Thursday outlining the global automotive industry prospects for 2017 hosted at company headquarters in southern [...]
SEOUL, Dec. 23 (Korea Bizwire) – South Korea’s exports through e-commerce platforms have increased sharply this year, apparently helped by the government’s policy support, data showed Friday. Outbound shipments via the Internet and other e-commerce sites totaled US$985 million in the first 11 months, according to the Korea Customs Service (KCS). The volume is projected [...]