SEOUL, July 19 (Korea Bizwire) — IKEA, the Swedish furniture giant, has stopped selling Malm dressers that have caused several child deaths in North America, but will continue selling them to customers in Korea. Given the company’s position, the Korean Agency for Technology and Standards (KATS) on July 19 demanded that IKEA Korea change its [...]
SEOUL, July 19 (Korea Bizwire) – Seoul Administrative Court in Yangjae-dong, Seoul opened on July 19 a legal support center for interpretation and translation services due to an increasing number of cases related to foreign refugees. The number of refugee cases more than doubled from 400 cases in 2014 to 1,000 cases last year, and is [...]
SEOUL, July 19 (Korea Bizwire) – The loss ratio in the automobile insurance industry refers to the total loss paid by an insurance company in the form of claims out of total collected premiums, for which the ratio must be kept at 78 percent for insurance companies to avoid incurring losses. However, the car insurance industry in [...]
SEOUL, July 19 (Korea Bizwire) – Kidult or adultescent – newly coined portmanteaus that refer to adults who are interested in culture generally targeted to younger youths – have become popular marketing strategies for many retail industries. Food manufacturing companies are seeing the most benefit from targeting those with young minds. Italian confectionery company Ferrero’s Kinder [...]
SEOUL, July 19 (Korea Bizwire) – With more Koreans suffering from chronic fatigue and sleep disorders, companies developing sleep aids are looking for opportunities to attract sleep-deprived people with products promising improved sleep. Since long working hours and a stressful environment can cause sleep deprivation for many people, as experts say, the desire to get a good [...]
SEOUL, July 19 (Korea Bizwire) — Many companies within the home appliances industry are expanding their product lines to include more kitchen appliances, as family activities and lifestyle patterns have evolved to take place more in the kitchen rather than in the living room. According to an industry official, the kitchen has transformed to become [...]
SEOUL, July 19 (Korea Bizwire) – The entire cast of the popular South Korean variety show “Running Man” will meet with their fans in China this fall, the program’s broadcaster said Tuesday. SBS will organize the fan meetings in five or six cities across China between September and November, the first time the broadcaster has done [...]
SEOUL, July 19 (Korea Bizwire) – Teenage North Koreans who defected to the South are experiencing barracks life first hand with the country’s special forces in a program aimed at boosting their confidence so they can better adjust to life here, the Army said Tuesday. It said 41 students from Yeomyung School in Seoul are training [...]
SEOUL, July 19 (Korea Bizwire) – South Korea’s financial watchdog on Tuesday published special guidebooks on daily financial services for Filipino and Cambodian residents here, in a bid to help foreign workers and spouses suffering language barriers and cultural differences. There were around 1.74 million foreigners living in South Korea as of last year, 54.7 percent [...]
BORYEONG, July 19 (Korea Bizwire) — Boryeong Mud Festival, one of the most popular festivals for foreign expats and tourists in Korea, is inviting even more adventurers around the world. This year marks the 19th year since the festival first began. According to Boryeong Mud Festival Festival Organizing Committee, approximately 220,000 visitors have already visited Boryeong [...]