SEOUL, March 12 (Korea Bizwire) — The number of foreigners who visited South Korea in February marked a sharp decline from a year ago despite its hosting of the Winter Olympics in the alpine town of PyeongChang, data from the justice ministry showed Monday. According to the data, 1,077,903 foreigners entered the country last month, [...]
PYEONGCHANG, March 12 (Korea Bizwire) — A group of talented individuals with various disabilities banded together to celebrate the PyeongChang 2018 Paralympics by hosting a fashion show. Among those who walked the runway were “Robot Leg” Kim Se-jin, a former member of the national swim team for the disabled, and guitarist Kim Ji-hee. Also part [...]
SEOUL, March 12 (Korea Bizwire) — Orders made via Starbucks Korea’s mobile ordering service Siren Order have surged since a recommendation feature using big data was integrated, growing by around 100,000 per month. Siren Order was updated last November after the big data recommendation feature was integrated. Since then, suggestions of different Starbucks products based [...]
SEOUL, March 12 (Korea Bizwire) — Companies in the home shopping industry are successfully catching the eye of consumers via exclusive distribution deals and self-produced brands. GS Shop disclosed on March 11 that total orders received for its clothing wear brand SJ Wani – co-created with designer Son Jung Wan in 2012 – had surpassed [...]
SEOUL, March 12 (Korea Bizwire) — Changes are occurring rapidly in the service industry as the minimum wage hike implemented this year has spurred on efforts to scale back labor costs. While convenience store chains are expeditiously implementing automated stores, dining establishments are actively experimenting with expanded self-service and self-checkout policies. Per industry insiders, Emart [...]
SEOUL, March 12 (Korea Bizwire) — The national tax office has launched a probe into Kia Motors Corp., South Korea’s second-largest carmaker by sales, industry sources said Sunday. The National Tax Service (NTS) recently sent inspectors to the company’s headquarters in southern Seoul, about six years after it was last reviewed in 2012, according to [...]
SEOUL, March 12 (Korea Bizwire) — LG Electronics Co., South Korea’s second-largest electronics company by sales, said Sunday that sales of its new cordless vacuum cleaner exceeded 200,000 units since its launch eight months ago. In June last year, the “Code Zero A9″ vacuum cleaner was launched in the domestic market where about 700,000 wireless [...]
SEOUL, March 12 (Korea Bizwire) — Economically active South Koreans over 60 outnumbered people in their 20s for the first time ever in 2017, government data showed Sunday. According to Statistics Korea, there was a rise in the number of people in both groups but because those in their 20s put off work in the [...]
SEOUL, March 9 (Korea Bizwire) — The government has decided to create a Chief Patent Officer position at a newly formed public R&D agency with a budget in excess of 5 billion won a year. In addition, the government will bolster numbers in the intellectual property sector by putting 400,000 individuals through relevant education and [...]
DAEJEON, March 9 (Korea Bizwire) — Advanced driver support technology developed by South Korean researchers is expected to find its way into BMW models. On March 9, the ETRI and BMW Korea’s R&D Center signed a MOU agreeing to beef up joint R&D efforts into car-related technologies. The MOU signing is a continuation of collaborative [...]