SEOUL, Feb. 6 (Korea Bizwire) — Recent market analysis has revealed that women in their 20s and 30s comprise nearly half the consumer base for Korean traditional alcoholic beverages. From July to December (2017), women between the ages of 20 and 39 were responsible for 49.7 percent of online traditional liquor sales (9.7 percent by [...]
SEOUL, Feb. 6 (Korea Bizwire) — More than perhaps any other business sector, the phalanx of rules and regulations guarding the gates into financial services for new entrants has been imposing, a reality the government has decided to change in order to encourage the emergence of more specialized actors. Financial Services Commission head Choi Jong-gu [...]
BUSAN, Feb. 6 (Korea Bizwire) — Busan’s Yeonje District announced on February 5 that it will distribute LED sensor lights in the homes of residents who may be at risk of “lonely death”. Lonely death refers to a social phenomenon where individuals are discovered dead in their living quarters days or sometimes weeks after their [...]
SEJONG, Feb. 6 (Korea Bizwire) — To better abide by international guidelines regarding the slaughter of animals, South Korea’s Rural Development Administration (RDA) announced February 5 that it had produced and tested equipment that creates nitrogen foam. According to the RDA, the World Organization for Animal Health advises the use of nitrogen gas when slaughtering [...]
SEOUL, Feb. 6 (Korea Bizwire) — Airbnb Inc. said Tuesday over 9,000 tourists will visit PyeongChang and adjacent cities where the 2018 Winter Olympics will be held via the global room-sharing platform, with the international sports event set to kick off later this week. The number of travelers who made reservations in Gangwon Province, including [...]
SEOUL, Feb. 6 (Korea Bizwire) — Actor So Ji-sub will hold meet-and-greet events in Japan next week, his agency said Tuesday. The agency 51k said the event titled “Again in Japan” will take place in Kobe next Monday, as well as Tokyo on Feb. 15 and 16. He will perform on stage with Korean hip-hop [...]
SEOUL, Feb. 6 (Korea Bizwire) — South Korea’s Air Force said Tuesday that its Black Eagles, one of Asia’s best acrobatic flight teams, will perform a show at the Singapore Airshow to open later in the day. It will be the squad’s third appearance at the biennial event known as the biggest aviation industry expo [...]
SEOUL, Feb. 6 (Korea Bizwire) – Sales of imported vehicles in South Korea jumped 26 percent last month compared with a year earlier on increased supplies of popular brands and aggressive promotions, industry data showed Tuesday. The number of newly registered foreign vehicles rose to 21,075 in January from 16,674 a year earlier, the Korea [...]
PYEONGCHANG, South Korea, Feb. 6 (Korea Bizwire) — A 250-kilometer-long test drive proved that Hyundai Motor Co.’s hydrogen-powered Nexo is unrivaled in terms of fuel economy, but also illustrated how weak recharging infrastructure in South Korea remains a major hurdle for the growth of the next-generation vehicle. The brand-new fuel cell electric vehicle (FCEV) was [...]
SEOUL, Jan. 5 (Korea Bizwire) — Though sales of dust masks have skyrocketed in the past month as the country has resurfaced after being blanketed with periods of terrible air quality, a survey has found that most South Koreans consider masks to be too expensive. With some going as far as to say “to inhale [...]