SEOUL, Feb. 16 (Korea Bizwire) – More than half of Internet users in South Korea said they were unhappy with advertisement banners and links on screen when they use search engines, a report said Thursday. According to a report by the Korea Information Society Development Institute (KISDI), 55.9 percent of Naver users that browse mostly [...]
SEJONG, Feb. 16 (Korea Bizwire) – Chinese smartphone makers have been rolling out pricey models to play catch up with Apple Inc. and Samsung Electronics Co., which dominate the high-end smartphone market in the country, a Seoul trade body said Thursday. According to the Shanghai office of the Korea Trade-Investment Promotion Agency (KOTRA), Chinese smartphone [...]
SEOUL, Feb. 16 (Korea Bizwire) – U.S. electric car maker Tesla Motors is soon set to launch its vehicles in South Korea, the local government said Thursday, raising both hope and concern for the local electric vehicle market. According to the Ministry of Land, Infrastructure and Transport, the U.S. carmaker is expected to begin selling [...]
SEJONG, Feb. 16 (Korea Bizwire) – The South Korean government has sent a letter of protest to international daily newspaper Financial Times (FT) over its recent news report that Seoul has intentionally devalued its currency, a government official said Thursday. In the article titled “Donald Trump’s anger at Asian currency manipulators missed target” moved on [...]
SEOUL, Feb. 16 (Korea Bizwire) – South Koreans spent an average US$429 per person in 2015 to purchase medicines and medical supplies, slightly down from the previous year’s $446, data showed on Thursday. According to the data compiled by the Ministry of Health and Welfare, South Koreans’ average spending on medicine in 2015 was the [...]
SEOUL, Feb. 15 (Korea Bizwire) – Major Korean music platforms have decided to challenge the conventional practice of releasing albums and singles at midnight, after criticism that the custom is distorting local music charts. South Korean artists typically release their music at noon or midnight. However, midnight has long been the more popular time of [...]
SEOUL, Feb. 15 (Korea Bizwire) – A new PC bang, an internet café for playing computer games, has opened in Hongdae, a trendy business district in Seoul popular with young people. But this new establishment has a unique hi-tech way of separating itself from its competitors – it features virtual reality games. VRIZ is the name [...]
SEOUL, Feb. 15 (Korea Bizwire) – Korean society, a once highly patriarchal civilization where almost all housework was the domain of women, is undergoing a rapid transformation, and home interior and furniture manufacturer Hanssem, which was founded in 1970, says this change can best be observed in Korean kitchens. According to the company, the average [...]
SEOUL, Feb. 15 (Korea Bizwire) – The import of Norwegian seafood in South Korea surged last year due largely to increased demand for mackerel, a report said Wednesday. The inbound shipments of seafood from Norway reached 292.8 billion won (US$256.6 million) in 2016, up 73 percent from the previous year, according to the Norwegian Seafood [...]
BUSAN, Feb. 15 (Korea Bizwire) – A military source confirmed Wednesday that the USNS Howard O. Lorenzen – capable of tracking and monitoring ballistic missiles – is currently stationed in Busan, South Korea’s largest port, amid recent threats from North Korea that have been raising international concern. The 12,845-ton vessel went into operation in 2014, [...]