MOKPO, South Korea, May 11 (Korea Bizwire) – Two bone pieces, which officials believe to be of human remains, were discovered in the sunken ferry Sewol on Wednesday as South Korea’s new president, Moon Jae-in, assumed office. Nine of the disaster’s 304 victims have yet to be recovered. The MV Sewol has been at the [...]
ULSAN, South Korea, May 11 (Korea Bizwire) – Residents of the southeastern city of Ulsan have spotted tens of thousands of baby toads covering the streets of Janghyeon-dong, according to reports Wednesday. Officials believe that the 1.5 centimeter-long animals hatched in the neighborhood’s reservoir and were headed towards Hwangbang Mountain. “I couldn’t even set foot [...]
SEOUL, May 11 (Korea Bizwire) – The South Korean government is set to import eggs from Denmark and Thailand to curb a continuing price hike here stemming from a supply shortage in the wake of the bird flu outbreak late last year, it said on Thursday. South Korea has been dealing with rising egg prices [...]
SEOUL, May 11 (Korea Bizwire) – Gas prices in North Korea have skyrocketed amid rumors that China might control its oil supply to the troublesome ally to comply with the international community’s sanctions against the North’s nuclear development, a U.S. broadcaster said Thursday. Gas stations in Pyongyang recently raised oil prices by more than 85 [...]
SEOUL, May 11 (Korea Bizwire) – South Korean food makers are likely to refrain from jacking up their prices following the inauguration of the new government, leading to a let-up in the recent uptrend, analysts said Thursday. The upbeat prediction comes as the Moon Jae-in government is widely predicted to rein in rising food prices [...]
SEOUL, May 11 (Korea Bizwire) – The trade deficit in South Korea’s tourism industry rose to a record high for the past decade in the first quarter, due largely to a void in Chinese visitors following the ban of Korea-bound trip sales by Beijing from mid-March, industry and central bank data showed Thursday. The figure [...]
SEOUL, May 11 (Korea Bizwire) – South Korea’s No. 3 chipmaker SK hynix Inc. has emerged as the third-largest semiconductor manufacturer in the world in terms of sales, data showed Thursday, narrowing its gap with rival Samsung Electronics Co. According to the data compiled by industry tracker IC Insights, SK hynix posted sales of US$5.5 [...]
SEOUL, May 10 (Korea Bizwire) – South Korean shipyards came in first in terms of new orders secured in April, with their order backlog continuing to slip, industry data showed on Wednesday. According to the data compiled by global research firm Clarkson Research Institute, Korean shipyards clinched new orders worth a combined 340,000 compensated gross [...]
SEOUL, May 10 (Korea Bizwire) – South Korea has trumped other major countries in terms of mobile application usage, with local smartphone users using various software to play games, a report showed Wednesday. People here used mobile apps on an average of 200 minutes per day during the first quarter of this year, outpacing Brazil, [...]
SEOUL, May 10 (Korea Bizwire) – The home appliance divisions at Samsung and LG thrived in the first quarter of this year, despite Q1 traditionally being an off-season for household appliances, a reversal of fortunes largely attributed to the electronics giants’ premium products. Despite higher price tags for premium electronics, the products help manufacturers boost [...]