SEOUL, Feb. 13 (Korea Bizwire) – The head of South Korea’s broadcasting watchdog body vowed to help expand exports of local TV dramas to Islamic countries to make up for restrictions imposed by China on entertainment content. “China accounts for a third of South Korea’s exports of broadcasting content, but this sectors is currently not [...]
JEJU, Feb. 13 (Korea Bizwire) – The Jeju Tourism Organization, in coordination with local tourism bodies in Ulaanbaatar, Mongolia, is opening two “Mongolian Olle Trail” routes in June, inspired by the famous Jeju Olle Trail on the South Korean island. The first route, stretching 14.5 kilometers in distance, starts at (and returns to) a village [...]
SEOUL, Feb. 13 (Korea Bizwire) – Although they are seldom a go-to for longtime smokers, cigarettes that have a flavor capsule in the filter are highly appealing to youth including underage teenagers, who often prefer cigarettes with less of the bitterness of conventional brands. But such cigarettes can be more dangerous, and at the same [...]
SEOUL, Feb. 13 (Korea Bizwire) – The Korea Centers for Disease Control & Prevention revealed Sunday that the consumption of fat among South Koreans has been on a steady rise for the past two decades. Although fat is an essential nutrient that provides energy and helps with the absorption of fat-soluble vitamins and the protection [...]
SEOUL, Feb. 13 (Korea Bizwire) – Despite the prolonged economic downturn, sales of luxury watches once again soared last year. Hyundai Department Store said Sunday that sales of high-end watches have consistently increased in recent years, jumping by 16.3 percent in 2014 (year-on-year), 30.1 percent in 2015, and by 34.1 percent in 2016. The rise [...]
SEOUL, Feb. 13 (Korea Bizwire) – Top luxury brands popular with adults are also grabbing the market for children, their sales increasing as kids get ready to go back to school this month or next, industry officials said Monday. Some of the most popular items cost well over 1 million won (US$867). A Gucci-labeled backpack [...]
SEOUL, Feb. 13 (Korea Bizwire) – South Koreans were found to be the top seafood consumers among 24 countries with high demand for the products, a report showed Monday. Statistics contained in “The State of World Fisheries and Aquaculture” from the Food and Agriculture Organization (FAO) showed that South Koreans consumed an average 58.4 kilograms [...]
SEOUL, Feb. 13 (Korea Bizwire) – The de facto leader of Samsung, South Korea’s largest business group, was quizzed for a second time Monday on charges of bribery, as special prosecutors here accelerated their probe into an influence-peddling scandal centered on President Park Geun-hye. Lee Jae-yong, vice chairman of Samsung Electronics Co., appeared before the [...]
SEOUL, Feb. 13 (Korea Bizwire) – Shareholders of Harman International Industries Inc. will hold a meeting later this week to vote on a deal by Samsung Electronics Co. to acquire the U.S. car technology firm, according to industry sources Monday. In a deal worth US$8 billion, Samsung announced last November that it would buy Harman [...]
SEOUL, Feb. 13 (Korea Bizwire) – North Korea has claimed it successfully test-launched a new medium-range ballistic missile that is capable of carrying a nuclear warhead, the country’s state-run media said Monday. The Korean Central News Agency said the Pukguksong-2 strategic weapon system was successfully test-fired Sunday. It added that the missile launched from a [...]