SEOUL, April 24 (Korea Bizwire) – Local breweries are on high alert with the emerging presence of imported beer brands in the South Korean market. Although an estimate, as breweries in South Korea refrain from disclosing specific sales statistics to for competitive purposes, industry experts believe that foreign breweries accounted for more than 10 percent [...]
SEOUL, April 24 (Korea Bizwire) – The competition to join the South Korean military, which recently heightened amid a nation-wide economic downturn and rising youth unemployment, is subsiding with the number of South Korean youth gradually declining. According to the Ministry of National Defense, there were 566,656 young applicants to South Korea’s mandatory military service [...]
CHUNGJU, South Korea, April 24 (Korea Bizwire) – Chungju, North Chungcheong Province, is making optimistic progress with its smart farm initiatives. The city launched the project in 2015 by equipping a laboratory at the local Agricultural Technology Center with ubiquitous information technology (u-IT). The horticulture lab, used mainly for plant research and production, can monitor [...]
SEOUL, April 24 (Korea Bizwire) – Lotte Corporation and LEGO Korea are hosting a Lego festival until May 7 on the lawn of Lotte World Mall, where visitors can contribute to building a 12-meter tall “Lego flower.” Under the theme “Lego Becomes Flower,” participants can create their own Lego works to fill up the massive [...]
SEOUL, April 24 (Korea Bizwire) – SK Group Chairman Chey Tae-won headed for Japan on Monday, a visit seen to help the group’s efforts to take over the memory division of Japanese tech giant Toshiba Corp., industry sources said. Chey is widely expected to meet executives of Toshiba to discuss SK hynix Inc.’s intention to [...]
SEOUL, April 24 (Korea Bizwire) – The direct offshore investments of South Korean companies rose to a record level last year, with that made to the United States nearly quadrupling the figures for China due largely to strong demand for business expansion in the world’s most advanced market, a report showed Monday. The foreign direct [...]
SEOUL, April 24 (Korea Bizwire) – An increasing number of people have junked their cars this year, statistics showed Monday, apparently to take advantage of a government-backed trade-in program for old diesel-powered vehicles. A tally from the Ministry of Land, Infrastructure and Transport said 210,705 cars were scrapped in the January-March period this year, up [...]
JEJU ISLAND, South Korea, April 23 (Korea Bizwire) – South Korea’s southern resort island of Jeju is seeking to attract more domestic tourists to offset a sharp decrease in Chinese visitors amid political tensions over the deployment of a U.S. missile shield, industry data showed Sunday. The scenic island had been popular among Chinese tourists [...]
SEOUL, April 23 (Korea Bizwire) – South Korea successfully showcased its ultra-high-definition (UHD) television broadcasting technology at an annual media convention now being held in Las Vegas, Seoul’s science ministry said Sunday. The Ministry of Science, ICT and Future Planning said it promoted the country’s UHD TV broadcasting technology at the National Association of Broadcasters [...]
SEOUL, April 22 (Korea Bizwire) – Action films are South Korea’s favorite genre, a nationwide survey showed Saturday. According to the 2016 consumer report released by the Korean Film Council (KOFIC), which surveyed 2,089 people aged between 15 and 59, 26.2 percent of the moviegoers picked action films as their favorite genre. Sci-Fi-adventure-fantasy films were [...]