SEOUL, Feb. 20 (Korea Bizwire) – The corporate reputation ranking of Samsung in the eyes of American consumers plunged 42 spots to 49th in 2017, according to an annual survey on Monday. The sharp drop in the survey by The Harris Poll on corporate brands came as Samsung is struggling with the global recall of [...]
SEOUL, Feb. 20 (Korea Bizwire) – South Korea’s consumption of antibiotics edged down in 2015 but remained the highest among members of the Organization for Economic Cooperation and Development, the health ministry said Monday. According to the ministry, the country’s antibiotic use was tallied at 31.1 defined daily dose (DDD) per 1,000 people, meaning 31.1 [...]
SEOUL, Feb. 20 (Korea Bizwire) – Some 800,000 small businesses open shop annually, but about half of them go bankrupt within two years, statistics showed Monday. A report released by Statistics Korea said that among businesses that started in 2013, 62.4 percent were still in operation a year later. The rate fell to 47.5 percent [...]
SEOUL, Feb. 17 (Korea Bizwire) – An increasing number of South Koreans are seeking Buddhist priesthood after their retirement, but an ordinance set by the Jogye Order of Korean Buddhism – the largest Buddhist sect here – prohibits those over the age of 50 from commencing priesthood. An upcoming meeting scheduled for March will once [...]
UIJEONGBU, South Korea, Feb. 17 (Korea Bizwire) – The former site of Camp Essayons, located in Uijeongbu, north of Seoul, will be replaced by a mega-hospital and a new campus for Eulji University, with a 650-billion-won ($570 million) investment from the Eulji Foundation. This, according to officials, marks the first instance in which private investment [...]
SEJONG, Feb. 17 (Korea Bizwire) – The underground economy accounted for 8 percent of South Korea’s gross domestic product (GDP) in 2015 amid the government’s efforts to reduce the black market, a state-run think tank said Friday. The Korea Institute of Public Finance (KIPF) said in its latest report that the shadow economy was estimated [...]
SEOUL, Feb. 17 (Korea Bizwire) – In a sign of a shift away from a once highly conservative society, more Koreans are growing comfortable with the idea of divorce, and living together before tying the knot. Researchers from the Korea Institute of Health and Social Affairs, Seoul National University (Institute for Social Development and Policy [...]
SEOUL, Feb. 17 (Korea Bizwire) – Naver, South Korea’s leading web portal, said Friday that it is launching a beta service for AIRS (AI Recommender System), the company’s up and coming AI system that will now recommend news articles based on one’s web content consumption patterns, time spent, and personal interests. The company said that [...]
SEOUL, Feb. 17 (Korea Bizwire) – Grévin Seoul, a wax museum located in central Seoul, has just added Yoo Jae-suk to its collection of wax celebrities, who becomes the first South Korean comedian to be featured at the museum. Yoo made a surprise visit to Grévin Seoul Friday morning for a short celebration event and [...]
SEOUL, Feb. 17 (Korea Bizwire) – Almost three in 10 South Korean adults skip breakfast, with people in their 20s doing so more often, a survey said Friday, raising the need for improving the public’s eating habits. The survey on the status of the eating habits of the country’s adults, conducted by the Centers for [...]