SEOUL, Dec. 8 (Korea Bizwire) – The number of cash dispensers (CD) and automated teller machines (ATM) fell for a second straight year in 2015 on growing demand for Internet and mobile banking services, South Korea’s central bank said Thursday. The Bank of Korea said the number of CDs and ATMs across the country came [...]
SEOUL, Dec. 8 (Korea Bizwire) – Imported car sales in South Korea are expected to suffer an on-year fall this year for the first time in seven years, apparently affected by weaker demand for diesel cars and sales bans of popular models, industry sources said Thursday. A total of 205,162 imported vehicles have been sold [...]
SEOUL, Dec. 8 (Korea Bizwire) – Egg prices in South Korea are showing signs of jumping as a large number of chickens have been culled due to the recent outbreak of avian influenza, industry sources said Thursday. The country has seen highly pathogenic bird flu cases spread at a rapid pace since mid-November when the [...]
SEOUL, Dec. 7 (Korea Bizwire) – Samsung vice chairman Lee Jae-yong’s reluctant promise during Tuesday’s parliamentary hearing over the Choi Soon-sil scandal to disband the group’s Future Strategy Office – the key department responsible for the group’s decision-making process for all Samsung affiliates – has raised questions as to how other Korean conglomerate groups’ so-called [...]
SEOUL, Dec. 7 (Korea Bizwire) – The impeachment vote to bring down President Park Geun-hye is planned for Friday, but it’s not going to stop angry Koreans from once again gathering on Saturday for what will be the 7th nationwide rally, with protestors calling for Park to step down immediately. This weekend’s rally, however, will [...]
SEOUL, Dec. 7 (Korea Bizwire) – Featured Wednesday at the Seoul Design Festival was the “Volcano Red” version of Chevrolet’s Camaro SS, the model often recognized as “Bumblebee” in the Transformers series (though in yellow with black stripes in the films). The hot red 453-horsepower muscle car, presented by GM Korea and spatial designer Kim [...]
SEOUL, Dec. 7 (Korea Bizwire) – Possible trade friction between the United States and China could deal a blow to South Korea’s exports, a report said Wednesday. There are concerns that U.S. President-elect Donald Trump’s looming protectionist policies could spark trade friction between the world’s two biggest economies. Trump has said he would instruct his [...]
SEOUL, Dec. 7 (Korea Bizwire) – An overwhelming proportion of exam-takers chose the Arabic language for the second foreign language section of this year’s state-administered annual scholastic aptitude test, a state-run think tank on school curricula said Wednesday. The results of graded scores on the test for the 2017 academic year, announced by the Korea [...]
SEOUL, Dec. 7 (Korea Bizwire) – Shinsegae Duty Free opened Wednesday “Han Soo”, an open space where visitors can experience and purchase Korean traditional handcrafted items, at Myeongdong’s Mesa Building in Seoul. The 1,016-square-meter store displays products manufactured by dozens of artisans, including 15 government-certified craftsmen and women. Works span from simple pottery to furniture, [...]
SEOUL, Dec. 7 (Korea Bizwire) – Twitter often offers the best reflection of current issues, whether they be social, political, tech trends or celebrity gossip. So what were some of the keywords on Twitter that were most popular among Koreans in 2016? According to Twitter Korea on Tuesday, tweets related to the Choi Soon-sil scandal [...]