SEOUL, Dec. 5 (Korea Bizwire) – The number of admissions to local theaters this year is expected to surpass 200 million for the fourth straight year, a market tracker said Monday. According to the Korean Film Council (KOFIC), both domestic and foreign films have attracted more than 199.31 million viewers this year as of Monday [...]
SEOUL, Dec. 5 (Korea Bizwire) – More cyber attacks on key government agencies and social infrastructure-related facilities, coupled with increased ransomware programs for mobile and desktop computers, are likely to take place next year, a state-run agency said Monday. According to the Korea Internet & Security Agency (KISA), a series of cyber attacks may occur [...]
SEOUL, Dec. 5 (Korea Bizwire) – Although Samsung Electronics was quick to let go of its Galaxy Note 7, many of its customers weren’t, and the electronics giant is not willing to compromise in lawsuits over its faulty phablet. According to sources, Samsung has retained the services of Lee & Ko, a well respected local [...]
SEOUL, Dec. 5 (Korea Bizwire) – A Christmas tree made of books appeared at the Songpa-gu District Office, Seoul, on Monday, counting down the days left for the celebration of Jesus Christ’s birth. Erected in the district office’s main hall, the three-meter tree was made of some 800 books donated by employees and residents. Officials [...]
SEOUL, Dec. 5 (Korea Bizwire) – Diesel cars that were once fancied by consumers for their higher fuel efficiency are losing ground in Korea, mainly from the global emissions scandal in addition to the government imposing stricter diesel car regulations, labeling them as one of the main sources of fine dust. According to the Ministry [...]
SEOUL, Dec. 5 (Korea Bizwire) – The ongoing political crisis surrounding the embattled South Korean president is incapacitating government offices and businesses that are facing allegations of involvement in the scandal, with officials now struggling to establish economic policies and business strategies for 2017, which is only a month away. The Ministry of Strategy and [...]
SEOUL, Dec. 5 (Korea Bizwire) – A growing number of younger women are booking hotels for entertainment purposes, prompting luxury hotels to release packages targeted for the emerging customers, a Seoul-based online booking site said Monday. Hotel Time Commerce said women in their 30s accounted for 23.8 percent of reservations for luxury hotels via its [...]
SEOUL, Dec. 5 (Korea Bizwire) – South Korean major leaguer Kang Jung-ho has struck out — not at the plate, but in the court of South Korean law. Kang, an infielder for the Pittsburgh Pirates, is subject to the “three strikes” law after his latest arrest on charges of driving under the influence of alcohol, [...]
SEOUL, Dec. 5 (Korea Bizwire) – South Korea’s restaurant industry is suffering from worsening business conditions due to market saturation and a prolonged economic slowdown, government data showed Monday. The number of restaurants and pubs in Asia’s fourth-largest economy stood at 650,000 as of end-2014, up 2.4 percent from a year earlier, according to Statistics [...]
SEOUL, Dec. 5 (Korea Bizwire) – South Korea’s leading department stores saw their sales of high-priced padded jackets and other premium foreign clothing brands jump in November despite a drop in overall consumption, industry data showed Monday. Industry leader Lotte Department Store said its sales of imported premium bubble jackets spiked 45 percent last month [...]