SEJONG, March 22 (Korea Bizwire) — After years of steady decline, the number of marriages between a South Korean national and a foreign citizen increased in 2017 thanks to a surge in men wedded to Thai women last year. Per Statistics Korea, 20,800 South Korean-foreigner couples tied the knot last year, 1.2 percent more than [...]
ULSAN, March 22 (Korea Bizwire) — “Though whale meat that is illicitly procured and sold is thought of negatively by South Korean consumers, they buy it without having the means of confirming whether the meat has been gotten through legal channels.” Bradley Tatar, a professor at UNIST and the first non-Korean scholar to analyze Ulsan’s [...]
SEOUL, March 22 (Korea Bizwire) — Gender equality education is more impactful on the beliefs of boys compared to girls and of younger children rather than older, according to new research. The Korean Institute for Gender Equality, Promotion and Education (KIGEPE) conducted a study in which the organization investigated whether personal beliefs had changed from [...]
SEOUL, March 21 (Korea Bizwire) — Saab, a Swedish defense firm, argued Wednesday that its Swordfish maritime patrol aircraft (MPA) is an optimum model for use by South Korea’s Navy, which is seeking to bolster its ability to counter North Korea’s submarines, some of which are equipped with ballistic missiles. The Navy is eager to [...]
SEOUL, March 21 (Korea Bizwire) — The number of adults traveling abroad with their parents nearly doubled in five years amid a growing number of those in their 20s and 30s taking such trips to show filial piety, industry data showed Wednesday. The number of those aged over 19 years and their parents traveling overseas [...]
SEOUL, March 21 (Korea Bizwire) — Hite Jinro Co., a major South Korean liquor maker, said Wednesday outbound shipments of its products nearly tripled over the past 20 years, as it moves to expand its presence in the global market. Exports of the company’s alcoholic beverages came to 94 billion won (US$87.8 million) last year, [...]
SEOUL, March 21 (Korea Bizwire) — South Korea’s top financial regulator said Wednesday it will oblige big companies to make public their corporate governance structure in a bid to boost transparency for investors and shareholders. Starting in 2019, companies listed on the country’s main bourse with total assets exceeding 2 trillion won (US$1.86 billion) must [...]
SEOUL, March 21 (Korea Bizwire) — Popular ’90s R&B trio Solid returned with a brand new album on Wednesday, seeking to reclaim its past glory after remaining dormant for 21 years. The group held a media showcase for its new self-produced album, “Into the Light,” at the Understage in central Seoul, performing several new songs [...]
SEOUL, March 21 (Korea Bizwire) — Daily users of Seoul’s public bike-share number 11,300, and over 620,000 have registered for the service according to the Seoul Metropolitan Government. First introduced in 2015, by August of 2016 registered users of the white-and-green bikes reached the 100,000 mark. This number doubled within three months and continued to [...]
TAEAN, March 21 (Korea Bizwire) — The 2018 Taean World Tulip Festival is scheduled to open on April 19 at Korea Flower Park in Taean County. Now in its seventh year, South Korea’s premier spring event was named one of the world’s top five tulip festivals at the World Tulip Summit in 2015 and 2017. [...]