SEOUL, June 27 (Korea Bizwire) – Brexit, the U.K’s decision to leave the European Union (EU), is quickly driving down the value of the British pound, and Korean shoppers are rushing to Britain’s online markets to take advantage of favorable exchange rates. Customers were quick to react to news of the ‘leave’ campaign’s victory, and started [...]
SEOUL, June 27 (Korea Bizwire) – As the number of single-person households is steadily increasing, Koreans are increasingly choosing to travel or spend their vacation time alone. Solo traveling is more liberating and sometimes much more convenient than having a companion, leading to a more rewarding and satisfying travel experience. According to travel website Interpark Tour, [...]
SEOUL, June 27 (Korea Bizwire) – Chinese consumers, particularly women in their twenties and thirties who make direct online purchases, tend to prefer authentic products manufactured abroad. The Korea Trade-Investment Promotion Agency (KOTRA) released a report entitled “China’s International E-Commerce Trends and Our Market Expansion Strategy” on Sunday, June 26. China’s e-commerce market is growing rapidly, [...]
INCHEON, South Korea, June 24 (Korea Bizwire) – “Without the UN forces during the Korean War, our country would probably have become a communist country. Thank you for helping our country.” This year being the 66th anniversary of the outbreak of the Korean War, a special event was held at Changyeong Elementary School in Incheon. The entire [...]
SUWON, South Korea, June 24 (Korea Bizwire) – “Male examinees should use a ‘urination bag’ at the back of the examination room, and female examinees should also take care of their business at the back of the examination room while a proctor uses an umbrella to set up a screen.” To everyone’s surprise, these were actual [...]
SEOUL, June 24 (Korea Bizwire) – Starbucks Korea’s latest promotional campaign to provide free coffee to soldiers who are on special leave granted by the president is triggering controversy among some women. Women’s organizations such as WOMAD and Megalia have been bombarded with comments and complaints regarding the recent promotion, with many claiming that it is [...]
SEOUL, June 24 (Korea Bizwire) – The mayor of Seoul, Park Won-soon, announced that the city would take responsibility for registering sex slaves’ records with UNESCO’s ‘Memory of the World’ programme if the Korean government cancels its own plans due to budget cuts. UNESCO’s Memory of the World Programme was initiated to protect the “documentary heritage of [...]
Busan, June 23 (Korea Bizwire) – Three couples in their twenties who took a trip to Busan and got involved in prostitution to earn cash to support themselves have been arrested. According to an officer at Busan’s Sasang Police Station, a 21-year old man referred to only as Kim from Incheon decided to take a trip [...]
SEOUL, June 23 (Korea Bizwire) – Korean prosecutors who were investigating allegations of GM Korea employees receiving kickbacks in return for business favors are now widening the scope of their investigation to also cover bribes related to employment guarantees. Many have testified that an applicant is guaranteed a permanent position regardless of qualifications if executives of [...]
SEOUL, June 23 (Korea Bizwire) – A prolonged economic slump and changes in drinking culture have cornered the whiskey market to the point where the industry has fallen into cutthroat competition, with companies breaking a voluntary agreement signed under the direction of a supervisory agency, the National Tax Service. Diageo Korea and Pernod Ricard Korea, the [...]