SEOUL, March 23 (Korea Bizwire) – In 2016, there were 20,600 international marriages between South Koreans and foreign nationals, the latest data from Statistics Korea shows. Although the number was a 3.2 percent decline from 2015, international marriages accounted for 7.3 percent of all marriages last year, up slightly by 0.3 percent. Korean men were [...]
SEOUL, March 23 (Korea Bizwire) – Stock funds in emerging financial markets have become a newfound investment destination among South Koreans this year, with promising returns, said local market researcher KG Zeroin. According to data compiled by the firm, of overseas stock funds with a minimum of 1 billion won ($892,618) in assets and a [...]
SEOUL, March 23 (Korea Bizwire) – Air pollution costs South Korea more than 10 trillion won (US$8.9 billion) a year in lost production and other damages, with the figure feared to nearly double in about 40 years, data showed Thursday. Air pollution causes direct and indirect damage across the board by not only harming people’s [...]
SEOUL, March 23 (Korea Bizwire) – Korean Air Lines Co., South Korea’s No. 1 airline, said Thursday it will increase flights on international routes and add fuel-efficient planes on the routes to help buoy its bottom line. In the coming months, Korean Air plans to gradually expand flights on routes to major cities in Europe [...]
SEJONG, March 23 (Korea Bizwire) – South Korea’s top economic policymaker said Thursday that the government will offer liquidity to cash-strapped Daewoo Shipbuilding & Marine Engineering Co. in a timely manner if all stakeholders shoulder losses. “Creditors of Daewoo Shipbuilding have closely looked into all options, which includes the company’s backlogs,” Finance Minister Yoo Il-ho [...]
SEOUL, March 22 (Korea Bizwire) – South Korean telecommunications giant SK Telecom has partnered with The Pokémon Company for a joint marketing venture, temporarily offering a zero-rating on Pokémon GO until June. This means that players will not be charged for mobile data that they use while playing the AR game, although officials said data [...]
SEOUL, March 22 (Korea Bizwire) – The latest report from the Economist Intelligence Unit, Worldwide Cost of Living 2017, labelled Seoul as the sixth most expensive city in the world in 2016 out of 133 major cities examined. The EIU compared prices of over 150 products and services, using New York as a base city [...]
JEJU, South Korea, March 22 (Korea Bizwire) – The Jeju Immigration Office said Tuesday that the number of voluntary departures of undocumented aliens has soared after it started offering exemptions on entry bans starting in March. As of March 19, a total of 891 individuals who had been staying illegally had left for their home [...]
SUWON, South Korea, March 22 (Korea Bizwire) – A fire that erupted near the Second Surisan Tunnel on the Suwon-Gwangmyeong Highway on March 16 was quickly extinguished thanks to a rapid response by a squad from the Gyeonggi Nambu Provincial Policy Agency, preventing what could have led to a major forest fire, said the agency [...]
SEOUL, March 22 (Korea Bizwire) – The air purifier market in South Korea is expanding rapidly, largely due to surging demand as consumers are becoming more concerned about fine dust, industry data showed Wednesday. The market size of air purifiers reached 1 trillion won (US$888.4 million) at the end of 2016, soaring from 300 billion [...]