SEOUL, May 29 (Korea Bizwire) – Sales of whiskey in South Korea have declined sharply over the last decade due largely to a shift in the country’s drinking culture, industry data showed Monday. The domestic sales of the spirit hit 1.67 million boxes, or some 30 million bottles, in 2016, down 41 percent from 2.84 [...]
SEOUL, May 29 (Korea Bizwire) – Cautious optimism is spreading that South Korean shipbuilders may be able to pull out of a drawn-out slump on the back of rising new orders, industry sources said Monday. According to the sources, Samsung Heavy Industries Co., one of the country’s top three shipbuilders, has recently clinched a US$100 [...]
SEOUL, May 29 (Korea Bizwire) – South Korea’s young women are increasingly becoming either overweight or underweight, while men are gaining in abdominal obesity, a medical report said Monday. The research results showed that among women in their 20s and 30s, prevalence for becoming underweight increased from 8.8 percent in 1998 to 14 percent in [...]
SEOUL, May 29 (Korea Bizwire) – Dozens of foreigners gathered in Seoul on Friday for a special venue designed by the state tourism agency to bolster the country’s sagging tourism sector, as the country is grappling with a steep fall in Chinese visitors. Nearly 70 travel agency officials from Japan, Singapore, Vietnam, Hong Kong and [...]
SEOUL, May 28 (Korea Bizwire) – South Korean companies’ earnings for the year are forecast to be higher than earlier expected on the back of improving conditions, industry data showed Sunday. According to the data compiled by industry tracker FnGuide, the combined earnings of listed firms here are estimated at 143.59 trillion won (US$128 billion) [...]
SEOUL, May 26 (Korea Bizwire) – “Moonshine Policy” is what the media have dubbed President Moon Jae-in’s stance towards North Korea, taken from late President Kim Dae-jung’s famous Sunshine Policy that earned him the Nobel Peace Prize in 2000. After over nine years of rule at the hands of two conservative presidents, South Korea has a [...]
BUSAN, May 26 (Korea Bizwire) – Data released on Thursday by the Cetacean Research Center (National Fisheries Research & Development Institute) has revealed that a total of 434 whales have been killed in incidental catch so far this year. According to officials, short-beaked common dolphins were the biggest victims in 2017 at 330, followed by [...]
SEOUL, May 26 (Korea Bizwire) – Researchers at the Electronics Telecommunications Research Institute have developed a cup holder-shaped wireless charger for smartphones dubbed E-Cup, allowing devices to charge regardless of their position as long as they sit inside the cup. According to researchers, conventional wireless smartphone chargers are two-dimensional, and typically operate by placing the [...]
SEOUL, May 26 (Korea Bizwire) – The recent news of the Samsung Galaxy S8’s iris scanner hack came as quite a shock to South Koreans, who have seen a growing number of commercial banks adopt the new biometric authentication method for their mobile banking services. According to reports, the German Chaos Computer Club (CCC) fooled [...]
SEJONG, May 26 (Korea Bizwire) – South Korea’s exports of rechargeable batteries reached a fresh record high in 2016 on rising global demand for smart devices and electric vehicles, customs data showed Friday. Outbound shipments of accumulators, such as lithium-ion batteries amounted to a record US$4.4 billion in 2016, up 11.6 percent from $3.94 billion [...]