SEOUL, March 23 (Korea Bizwire) — South Koreans in the earlier stages of life are worriers, while those nearing or in their twilight years harbor feelings of dissatisfaction with their lives, according to Statistics Korea’s study on South Korean society in 2017. In addition, participation in volunteering activities and charitable giving is on a gradual [...]
SEOUL, March 22 (Korea Bizwire) — Three months into the first leg of South Korean president Moon Jae-in’s staggered plan to raise the minimum wage to 10,000 won by 2020, both those who buy and those who sell are focusing on value as prices have risen before and after the 16 percent minimum wage increase [...]
SEOUL, March 22 (Korea Bizwire) — Hyundai Motor Co., South Korea’s largest carmaker, on Thursday unveiled upgraded versions of its Ioniq hybrid and electric vehicles (EVs) with enhanced safety features and better range. The company said the new Ioniq EVs, conventional hybrids and plug-in hybrid electric vehicle (PHEV) models are equipped with enhanced features, such [...]
SEOUL, March 22 (Korea Bizwire) — Lotte Chilsung Beverage Co., the beverage maker of South Korean retail giant Lotte, said Thursday it has begun exporting the Korean rice wine makgeolli to India as it moves to expand its presence in the overseas market. The 4.5 percent alcohol by volume canned product, dubbed Rahua, is now [...]
SEOUL, March 22 (Korea Bizwire) — The amount of corporate retirement pension funds managed by South Korea’s financial institutions gained 14.6 percent in 2017 from a year ago, but their annual rate of return was below 2 percent, data showed Thursday. The accumulated corporate retirement pension funds stood at 168.4 trillion won (US$158 billion) as [...]
BEIJING/SEOUL, March 22 (Korea Bizwire) — A six-member South Korean advance team left for North Korea on Thursday to check venues for a South Korean art troupe’s performances planned in Pyongyang in early April ahead of an inter-Korean summit. The team of government officials and experts boarded a North Korean flight in Beijing on Thursday [...]
SEOUL, March 22 (Korea Bizwire) — Sales of frozen snacks rose sharply in 2017 from the previous year, industry data showed Thursday, amid the growing popularity of frozen pizza, hot dogs and other snacks. The sales figure soared to 134.2 billion won (US$125 million) last year from 61 billion won the previous year, according to [...]
SEOUL, March 22 (Korea Bizwire) — South Korean researchers have found that people whose faces turn red when drinking should avoid indulging in a lifestyle of regular excessive alcohol intake to avoid increasing the risk of falling victim to heart problems. This conclusion was derived by a research team headed by professors at the Samsung [...]
SEOUL, March 22 (Korea Bizwire) — Despite a 24.3 percent jump in sales of livestock products last year, big five convenience store chain CU is not resting on its laurels, and has decided to try selling fresh meat through a vending machine. CU announced on March 22 that it will place an “IoT Smart Vending [...]
SEOUL, March 22 (Korea Bizwire) — A revision to the Animal Protection Act that toughens punishment for perpetrators of animal cruelty and pet owners who abandon their animals has gone into effect as scheduled starting today. The Ministry of Agriculture, Food and Rural Affairs will expand the scope of “animal cruelty” to include force-feeding animals [...]