SEOUL, Feb. 1 (Korea Bizwire) – The number of Chinese tourists arriving in South Korea during the long Lunar New Year holiday significantly decreased compared to last year, local travel agencies said Wednesday. The number of Chinese visitors opting for South Korea as a tourist destination during the holiday season from Jan. 27 to Feb. [...]
SEOUL, Feb. 1 (Korea Bizwire) – The United States plans to deploy 12 F-16 fighter planes to South Korea this month, the U.S. Pacific Air Forces Command said Wednesday, Washington’s first deployment of military assets since the inauguration of U.S. President Donald Trump. “Approximately 200 airmen and 12 F-16 Fighting Falcons with the 119th Fighter [...]
SEOUL, Feb. 1 (Korea Bizwire) – The inter-Korean gap in electricity generation capacity hit an all-time high in 2015, data showed Wednesday, pointing to the widening difference in economic power between the rivals. South Korea’s power generation capacity stood at 97.6 gigawatts (GW) as of 2015, 13.1 times more than North Korea’s 7.4 GW, according [...]
SEJONG, Feb. 1 (Korea Bizwire) – South Korea’s exports rose 11.2 percent in January from a year earlier on brisk overseas sales of semiconductors and petrochemicals, the government said Wednesday. Outbound shipments came to US$40.3 billion last month, up from $36.2 billion tallied a year earlier, according to the Ministry of Trade, Industry and Energy. [...]
SEOUL, Jan. 31 (Korea Bizwire) – Despite Samsung apologizing once again to its Chinese customers for the Galaxy Note 7 fiasco during a press conference last week revealing the detailed causes behind the device’s tendency to catch fire, locals are still expressing discontent, making Samsung’s future operations in China uncertain, especially given that it has [...]
SEOUL, Jan. 31 (Korea Bizwire) – GM Korea Co., the South Korean unit of U.S. automaker General Motors Co., will begin to sell the Chevrolet Volt electric vehicle in the local market this week, the company said Tuesday. The Volt EV will be available at any Chevrolet dealership here from Wednesday, the company said in [...]
SEOUL, Jan. 31 (Korea Bizwire) – Niantic’s augmented reality game Pokémon GO has set a new record in Korea, becoming the mobile game that attracted the most users among Android smartphones. According to WiseApp, a mobile app analytics company, an estimated 6.98 million people used Pokémon GO in the first week (January 23 to 29) [...]
SEOUL, Jan. 31 (Korea Bizwire) – It has been two years since the Korean government raised its tobacco tax by 80 percent. Whether it helped to promote public health and bring down the smoking rate is still open to debate, but it was undoubtedly a lucrative decision for both the government and cigarette companies, especially [...]
SEOUL, Jan. 31 (Korea Bizwire) – The Musterbag Smart Edition is a backpack that uses IoT sensors so parents can check if their children arrive safely at school, and then back home in the afternoon. The bag was first introduced in early December in a joint venture between telecommunications company SK Telecom and children’s bag [...]
BEIJING, Jan. 31 (Korea Bizwire) – An international cruise ship operator has cut the number of its services linking China directly with South Korea, a move deemed to be in line with Beijing’s retaliatory steps against Seoul’s planned installment of a U.S. anti-missile defense system, industry sources said Tuesday. According to the sources, MSC, which [...]