JEONJU, March 14 (Korea Bizwire) — The historic Jeonju Hanok Village has been visited by more than 10 million people in each of the past two years, setting a new record. The city of Jeonju revealed on March 13 that 11.09 million tourists had come to Jeonju Hanok Village last year. In 2016, the tourist [...]
TONGYEONG, March 14 (Korea Bizwire) — A group of handcrafted cigarette producers and dealers that adopted a front as tobacco leaf retailers and sold their products nationwide has been rounded up and arrested. The prosecution in Changwon revealed on March 13 that two leaders of a handcrafted cigarette production entity had been indicted and were [...]
SEOUL, March 14 (Korea Bizwire) — As South Korea’s MeToo movement continues to be bolstered by new allegations brought forward seemingly every other day, there has been an emergence of voices questioning exactly what MeToo incidents really are. Since most of the MeToo stories of sexual abuse detail wrongdoing within relationships where the alleged perpetrator [...]
SEOUL, March 14 (Korea Bizwire) — Nearly 14,000 students at American universities are studying Korean. Citing a report by the Modern Language Association (MLA) that analyzed foreign language study at universities, various media channels reported 13,936 students were taking Korean language courses at 2,669 U.S. universities in 2016. Korean was the 11th most studied language. Spanish [...]
SEOUL, March 14 (Korea Bizwire) — The money supply in South Korean rose at the fastest clip in seven months in January on increased fiscal surplus, central bank data showed Wednesday. The country’s M2 totaled 2,556.1 trillion won (US$2.39 trillion) in January, up 5.5 percent from 2,414.9 trillion won a year earlier, the Bank of [...]
SEOUL, March 14 (Korea Bizwire) — Speaking at the Seoul Plaza Hotel on March 13, Kakao Mobility CEO Jeong Joo-hwan said the Kakao subsidiary would introduce new features to Kakao T, its taxi-hailing app with 18 million users, that would make hailing a cab quicker in exchange for a commission fee. The two features planned [...]
SEOUL, March 13 (Korea Bizwire) — The U.S. Commerce Department has decided to slap preliminary anti-dumping duties on South Korean steel products in the latest blow to the Asian country, industry officials said Tuesday. The department calculated a preliminary anti-dumping duty of 11.64 percent and 0.9 percent for thick steel plates made by Hyundai Steel [...]
SEOUL, March 13 (Korea Bizwire) — South Korea will extend the operation of the country’s first geostationary satellite for two more years, the ICT ministry said Tuesday. The Chollian satellite, which was put into orbit in June 2010 and initially scheduled to be in operation until March 2018, will continue its mission through 2020, the [...]
SEOUL, March 13 (Korea Bizwire) — After opening on March 2, the first of two registration periods for Seoul’s monthly stipend program for job-seeking young adults closed today. The second registration period opens in May, when 3,000 of the applicants will be selected as recipients for the 500,000 won monthly allotment guaranteed for up to [...]
SEOUL, March 13 (Korea Bizwire) — Though quitting remains the most highly recommended course of action for one’s health, smoking less per day has also been found to be an effective method for substantially lowering the risk of cancer. This conclusion was derived by Dr. Lee Ki-heon’s research team at Seoul National University Bundang Hospital. [...]