SEOUL, Aug. 5 (Korea Bizwire) – Sales of Volkswagen vehicles have dropped significantly after the German company’s falsified emissions data scandal, and the ramifications are reaching other imported carmakers as well. According to data compiled by the Korea Automobile Importers and Distributors Association (KAIDA), Volkswagen sold only 425 vehicles last month, which was a considerable drop [...]
SEOUL, Aug. 5 (Korea Bizwire) – Kim Jang-hoon, a South Korean singer, was hoping to be the flag bearer for South Sudan during the opening ceremony of the Olympic Games in Rio de Janeiro, but the plan seems to have fallen through. Kim has been on the frontlines of helping South Sudan to be recognized by [...]
BUSAN, Aug. 5 (Korea Bizwire) – The safety of school children when they are transported on school buses is becoming a concern among parents, due to frequent accidents and traffic law violations involving school bus drivers. According to police statistics, 13,256 traffic violations from school bus drivers were reported this year, which was 5.7 times higher [...]
SEOUL, Aug. 5 (Korea Bizwire) — Hedge funds in Korea (private equity funds usually available to those with significant financial resources) are attracting wealthy investors – leading to a surging market. A hedge fund is an investment in a variety of assets, with limited regulations, that often generate higher returns than other investment products with similar [...]
SEOUL, August 4 (Korea Bizwire) – Due to a recent increase in the number of fatal traffic accidents, the procedure to obtain a driver’s license in South Korea has become the object of public criticism. The Korean driver’s license examination was simplified for the “convenience of citizens” in 2010 and 2011, putting everyone at risk by [...]
SEOUL, August 4 (Korea Bizwire) – Jeonju Hanok Village, one of the most popular tourist attractions in the southern provinces of South Korea, features more than 700 traditional Korean houses called ‘hanok’. Some of the houses were built during the Joseon dynasty, however most of the traditional hanok were built during the Japanese colonial era. More [...]
SEOUL, August 4 (Korea Bizwire) – Seoul Grand Park announced that a lynx and a siamang, which are registered on the CITES (Convention on International Trade in Endangered Species of Wild Fauna and Flora) endangered list, have given birth in Korea for the first time. A siamang (the largest gibbon) currently living at Seoul Grand Park, [...]
SEOUL, August 4 (Korea Bizwire) – A recent study conducted at Soonchunhyang University Hospital revealed that fine dust, which has long been a major health issue and environmental hazard in South Korea, not only worsens respiratory diseases but also diabetic foot syndrome. Professor Lee Young-gu of the Diabetes Center at Soonchunhyang University Hospital conducted an experiment [...]
CHANGWON, August 3 (Korea Bizwire) – According to statistics from the National Health Insurance Service (NHIS), the number of individuals suffering from insomnia in South Korea has been growing steadily over the past five years, from 289,526 in 2010 to 455,886 in 2015. Of note, Koreans in their 40s accounted for two thirds of the total [...]
SEOUL, August 3 (Korea Bizwire) – With interest rates remaining at record lows for an extended period of time, the popularity of alternative investments is on the rise. These alternative investments – assets other than the typical stocks, bonds, or cash – have the potential to yield high returns, at the cost of increased risk compared [...]