SEOUL, May 8 (Korea Bizwire) – Samsung Electronics Co.’s Galaxy Folder LTE and Galaxy J series, along with LG Electronics Inc.’s Wine Smart Jazz smartphones, are the most preferred mobile devices by South Korean seniors, industry data showed on Monday. According to the data compiled by SK Telecom Co., the country’s top mobile carrier, there [...]
QUANTICO, Virginia, May 7 (Korea Bizwire) – Elderly American veterans of the Korean War, including the father of Joint Chiefs of Staff Chairman Joseph Dunford, celebrated the unveiling of a memorial commemorating the Changjin Reservoir Battle, one of the fiercest battles in the war, on Thursday. The octagon-shaped memorial with a shining star on top [...]
SEOUL, May 7 (Korea Bizwire) – Lotte Group is facing huge losses as its outlets in China have remained closed for about two months over Beijing’s apparent retaliation against the deployment of an advanced U.S. missile defense system in South Korea, according to group officials Friday. Chinese authorities ordered Lotte to close its stores following [...]
SEOUL, May 5 (Korea Bizwire) – It has been a short week, with Labor Day falling on May 1, Buddha’s Birthday on May 3, and Children’s Day on May 5. But while most working adults and students enjoy time off with family or friends, thousands of South Korean young adults yet to find work are [...]
SEOUL, May 4 (Korea Bizwire) – The latest data from the National Health Insurance Corporation has revealed that South Korea may have to spend over 90 trillion won ($79.5 billion) annually by 2030 – when the baby boomers (born 1955 to 1963) enter their old age – on health care for seniors. According to the [...]
SEOUL, May 4 (Korea Bizwire) – Last week, Nguyen Xuan Cuong, Vietnam’s Minister of Agriculture and Rural Development, rushed to a Samsung Electronics plant in Bac Ninh requesting that the South Korean company boost its purchases of pork amid a supply glut that has been destabilizing the local market. Cuong has become anxious over plummeting [...]
YEONCHEON, South Korea, May 4 (Korea Bizwire) – The 25th Yeoncheon Jeongok-ri Paleolithic Festival kicked off on Wednesday for the Children’s Day weekend, featuring various performances and participatory events. Among over a dozen events on offer at the festival are a Paleolithic barbeque session, where visitors enjoy barbeque grill cooking the ancient way; a Paleolithic [...]
SEJONG, May 4 (Korea Bizwire) – South Korea’s online sales continued their upbeat mode to reach a fresh record high in March amid recovering consumer sentiment, government data showed Thursday. Total online transactions reached 6.33 trillion won (US$5.58 billion) in March, up 21.3 percent from 5.22 trillion won tallied a year earlier, according to the [...]
SEOUL, May 4 (Korea Bizwire) – Hundreds of thousands of South Koreans cast their ballots Thursday in advance voting for the presidential election set to be held next week, the election watchdog said. Over 1 million voters have voted as of 10:30 a.m., according to the National Election Commission (NEC), with many more expected to [...]
SEOUL, May 4 (Korea Bizwire) – A rising number of seniors are purchasing the latest smartphones, industry data showed Thursday, breaking the perception that older users normally buy traditional handsets with buttons. According to the data compiled SK Telecom Co., 74 percent of its users aged 60 and above used smartphones as of April. The [...]