SEOUL, Feb. 16 (Korea Bizwire) – The 2017 Korea Travel Expo kicked off Thursday at COEX for a four-day run, featuring over 300 businesses and organizations related to domestic tourism. This year’s expo marks its 14th anniversary, and will include information on travel content in Korea, traditional and modern, lectures by famous travel writers and [...]
SEOUL, Feb. 16 (Korea Bizwire) – South Korea’s aircraft finance sector is likely to grow this year, industry officials said Thursday, amid increased demand from air traffic passengers. Yoo Byung-soo, who handles aircraft finance at KTB Investment & Securities, said he expects the country’s aircraft finance market to reach between 4 trillion won (US$3.5 billion) [...]
SEOUL, Feb. 16 (Korea Bizwire) – Shedding new light on the high economic standards often required of couples tying the knot, a study by wedding consulting firm DuoWed revealed that the average couple spends over 263 million won ($230,000) on their wedding. The figure was a 4 percent decline from 2016, and includes the cost [...]
SEOUL, Feb. 16 (Korea Bizwire) – The South Korean military has refuted claims that it will use loudspeakers at the Demilitarized Zone to broadcast news of the assassination of Kim Jong-nam, current North Korean leader Kim Jong-il’s half-brother, but it certainly may consider the option. In response to news reports that the South Korean military [...]
SEOUL, Feb. 16 (Korea Bizwire) – Demand for electric vehicles is skyrocketing this year thanks to new government policies on EV subsidies. According to the Ministry of Environment, the number of EV subsidy applications has already surpassed the 1,200 mark just three weeks after the process began on January 25, which is four times greater [...]
SEJONG, Feb. 16 (Korea Bizwire) – Residents of Seoul moved out of the capital city last year in the largest number in 19 years, national statistics showed Thursday, apparently driven out by costly housing and lack of jobs. The yearly tally released by Statistics Korea showed 140,000 people moved out of Seoul, the highest number [...]
SEOUL, Feb. 16 (Korea Bizwire) – South Korea announced plans Thursday to ease regulations on three industries — artificial intelligence (AI), virtual reality (VR) and financial technology, or fintech — as part of the government’s aggressive deregulation drive to find a new growth engine. The Ministry of Science, ICT and Future Planning reported a set [...]
SEJONG, Feb. 16 (Korea Bizwire) – Last month’s youth unemployment rate (ages 15 to 29) announced by Statistics Korea Wednesday was 8.6 percent, which was a 0.9-percent drop from January 2016, and seemingly a good sign given the record high unemployment rates observed last year. Unfortunately, this was not the result of an improving labor [...]
SEOUL, Feb. 16 (Korea Bizwire) – A new study revealed Wednesday that Pokémon GO, launched in Korea last month, has been more popular on iPhones than on Samsung or LG smartphones. According to Gallup Korea, which surveyed 1,007 local adults from February 7 to 9, 36 percent (156) of iPhone users said they had tried [...]
SEJONG, Feb. 16 (Korea Bizwire) – With a Korean court’s imminent declaration of bankruptcy for Hanjin Shipping, which is scheduled for Friday, the Ministry of Oceans and Fisheries announced a set of plans to follow to help revive the local shipping industry. During a press briefing on Wednesday at the government complex in Sejong City, [...]