SEOUL, June 5 (Korea Bizwire) – Paul Bassett – a coffee franchise named after an Australian barista – has just celebrated the opening of its 80th coffeehouse in South Korea. Operated by M’s Seed, a Maeil Holdings affiliate, the franchise was launched in September 2009 introducing “specialty coffee,” a concept that was unfamiliar to locals [...]
SEOUL, June 5 (Korea Bizwire) – The year 2016 was marked by the largest numbers of both protests and protest participants in a decade – largely due to the national outcry against now impeached former president, Park Geun-hye – but it certainly wasn’t the most violent. According to 2006 – 2016 data from the Korean [...]
HONGSEONG, South Korea, June 5 (Korea Bizwire) – A severe drought accompanied by unusually high temperatures is taking a toll on South Korean farms, with the adverse conditions pushing local governments and the military to contain a crisis that’s showing very little signs of improvement. In South Chungcheong Province, fire trucks, sprinkler trucks and even [...]
SEOUL, June 5 (Korea Bizwire) – South Korea’s government said Monday it has approved an additional four requests for contacts with North Koreans as it has decided to flexibly resume civilian inter-Korean exchanges. The Ministry of Unification said that it gave the green light to the requests by nongovernment organizations (NGOs) and a global body [...]
SEOUL, June 5 (Korea Bizwire) – Prime Minister Lee Nak-yon on Monday renewed his government’s pledge to cut fine dust emissions by over 30 percent within its five-year term and beef up environmental cooperation with China. During his speech marking the Environment Day, Lee reaffirmed that the Moon Jae-in government will pay keen attention to [...]
SEOUL, June 5 (Korea Bizwire) – Murder and violence cases stemming from neighbor disputes over floor noise are on the rise in South Korea, where approximately six out of 10 people live in apartments or row houses, according to government data and police on Saturday. Earlier this week, a 50-year-old resident of a studio apartment [...]
SEOUL, June 5 (Korea Bizwire) – South Korea’s shipbuilders are expected to recover this year after suffering from a global industrywide slump in 2016, observers here said Sunday. Industry watchers said Samsung Heavy Industries Co. clinched deals worth US$4.8 billion coming into this year, which accounts for 74 percent of its annual target of $6.5 [...]
SEOUL, June 5 (Korea Bizwire) – South Korea is one of the nations in which the least amount of video is watched in the world, industrial sources said Sunday, citing global research agency Kantar Millward Brown. Of the 41 countries and Hong Kong covered in the agency’s report titled “AD Reaction: Video Creative in a [...]
SEOUL, June 5 (Korea Bizwire) – South Korea’s latest economic gains do not indicate that the country’s financial condition is on a firm track, as the increases can be attributed to investment in the construction sector and not improvements in private consumption, a research showed Sunday. Hyundai Research Institute (HRI) said in a report that [...]
SEOUL, June 2 (Korea Bizwire) – A slow but noticeable change is coming to South Korea’s once fierce and often authoritative drinking culture. Whiskey sales have struggled with negative growth for eight consecutive years, plummeting from 2.84 million crates (18 500-mililiter bottles) in 2008 to 1.67 million in 2016, while HiteJinro, a major distiller here, [...]