SEOUL, Dec. 21 (Korea Bizwire) – “Salary Log Out” was selected as the top newly-coined term of 2016, best reflecting the lifestyle of South Korean office workers. The term refers to one’s monthly salary that seemingly vanishes the moment it is deposited, the result of overdue payments like credit card bills and taxes. According to [...]
SEOUL, Dec. 21 (Korea Bizwire) – The late father of Donald Trump’s soon-to-be National Security Advisor Michael Flynn, Charles Francis Flynn, was awarded a medal of appreciation by the Ministry of Defense for his service in the Korean War. A South Korean delegation met with Flynn in Washington Tuesday to present the medal, which was [...]
SEOUL, Dec. 21 (Korea Bizwire) – AppShow Korea 2016 kicked off Wednesday for a three-day run at Seoul’s COEX, with some 112 app developers in attendance. The annual event will provide an important promotion platform and business opportunities for developers and startups in a wide range of businesses, from fintech and smart devices to IoT [...]
SEOUL, Dec. 21 (Korea Bizwire) – The population of the South Korean capital has been declining for the past five years. As of last month, the number of Seoul-registered residents was a little over 9.95 million. But interestingly, the amount of human waste – that is, feces and urine – generated in the city has [...]
SEOUL, Dec. 21 (Korea Bizwire) – The recent Global Premiumization Survey by marketing research firm Nielsen revealed that when it comes to products that Koreans are willing to pay more for to obtain premium versions of, “clothing and shoes” (30 percent) were the most popular. “Cosmetics” (28 percent), “personal electronics” such as smartphones and tablets [...]
SEOUL, Dec. 21 (Korea Bizwire) – More than 130 scheduled flights with South Korea’s largest flag carrier Korean Air Lines Co. will be cancelled due to a walkout by unionized pilots, the transportation ministry said Wednesday. Unionized workers of Korean Air earlier said they will stage a 10-day walkout from Thursday. The scheduled strike follows [...]
SEOUL, Dec. 21 (Korea Bizwire) – “Beautiful Woman,” a famous painting at the center of an intense forgery debate, was drawn with a different style of facial features from that of its supposed painter Chun Kyung-ja, sources within the art circle said Wednesday, citing the results of a French inspection of the work. The claim [...]
SEOUL, Dec. 21 (Korea Bizwire) – South Koreans’ use of credit cards jumped last year from a year earlier, central bank data said Wednesday, in the latest sign that a growing number of people favor credit cards over cash for transactions. A survey of 2,500 adults by the Bank of Korea showed that credit cards [...]
SEOUL, Dec. 21 (Korea Bizwire) – Tesla is unlikely to meet its goal to launch its Korean operations by the end of the year. According to government sources, Tesla had yet to register for a manufacturer’s license – a necessary step in Korea for vehicle sales – as of Tuesday. In order to obtain the [...]
SEOUL, Dec. 21 (Korea Bizwire) – It seems as though finding a job in Korea is getting tougher by the year. In a recent survey of 2,653 job applicants by Saramin, an online recruitment platform, 79.3 percent of the respondents said the job search process was more difficult during the second half of this year. [...]