SEOUL, Feb. 22 (Korea Bizwire) – Exports of South Korea-made cosmetics soared more than 10-fold over the past seven years, government data showed Wednesday, as the Korean Wave, or Hallyu, fueled robust demand from China and other Asian countries. Outbound shipments of makeup products reached US$4.18 billion in 2016, compared to $451.15 million tallied in [...]
SEOUL, Feb. 21 (Korea Bizwire) – Riding a public bus during rush hour can be an unpleasant way to start or end a day, especially on routes that are particularly busy with commuters. In order to ease over-crowded buses on Seoul’s busiest routes, the Seoul metropolitan government announced Tuesday the launch of what are being [...]
SEOUL, Feb. 21 (Korea Bizwire) – Samsung Electronics is introducing four of its VR and AR C-Lab projects at the upcoming Mobile World Congress. Relúmĭno is a VR headset for the visually impaired, which, via image processing, converts images and text in such a way that those with disabilities can see more clearly. Monitorless, on [...]
SEOUL, Feb. 21 (Korea Bizwire) – A Seoul appeals court on Tuesday ruled in favor of South Korean fashion brand PLAYNOMORE in a copyright lawsuit filed by Hermès, upsetting a previous ruling in favor of the French luxury brand. The dispute goes back to November 2015 when Hermès filed a lawsuit against the Korean company, [...]
SEJONG, Feb. 21 (Korea Bizwire) – The South Korean government is planning on new measures to support the livelihood of low-income families, who are among those suffering the most from the country’s recent economic struggles. According to officials, South Korea’s household credit jumped by 11.7 percent in 2016 compared to the year prior, setting a [...]
SEOUL, Feb. 21 (Korea Bizwire) – South Korea ranks among the lowest in terms of women’s economic empowerment, with its pay gap between men and women estimated to need more than 100 years to close if the current pace continues, an annual report said Tuesday. The Women In Work Index 2017 released by the PricewaterhouseCoopers [...]
SHENYANG, China, Feb. 21 (Korea Bizwire) – Chinese authorities have delayed the customs clearance of textbooks to be used at South Korean schools in China, pushing back the schools’ classes for the new academic semester, sources with knowledge of the matter said Tuesday. South Korean residents expressed concerns that the postponement of the customs clearance [...]
SEOUL, Feb. 21 (Korea Bizwire) – Sleeping less than four hours increases one’s chance of suffering from depression, a local study said Tuesday. Shin Young-chul, head of the Workplace Mental Health Institute at Kangbuk Samsung Medical Center, surveyed 202,629 workers in the 20s to 40s age group who had come into the hospital for a [...]
SEOUL, Feb. 21 (Korea Bizwire) – Singapore Airlines said Monday that it is partnering with Yim Jung-sik, a two-star Michelin chef, to introduce Korean food (hansik) on Singapore-Incheon flights starting in March. Economy class travelers will have bibimbap added to their meal choices, while business class passengers will be served grilled tuna bibimbap or Korean-style [...]
SEOUL, Feb. 21 (Korea Bizwire) – Audi Volkswagen Korea has finally come up with a solution to save itself from plunging consumer confidence – an 871-dollar (1 million won) voucher to each of its car owners as part of a program rather ironically dubbed the “We Care Campaign” – the first compensation of any kind [...]