SEOUL, Jan. 29 (Korea Bizwire) – The South Korean love affair with Starbucks burned hot last year, as the Seattle-based coffee behemoth revealed it had sold 83.6 million americanos last year, the coffee chain’s number one selling drink for the 11th year running. South Korea’s population is estimated at 51.6 million (Statistics Korea), meaning that [...]
GOKSEONG, Jan. 29 (Korea Bizwire) – Since its opening on December 22, a “small cinema social cooperative” in South Jeolla Province has proven to be a smash hit among the local populace. More than 6,000 locals have patronized the movie theater in the month since it opened, according to Gokseong County, making the goal of [...]
PYEONGCHANG, South Korea, Jan. 29 (Korea Bizwire) — The controversy surrounding the South Korean Olympic alpine skiing team selection will spill into court, a source revealed Sunday. The source, who is close to alpine skier Kyung Sung-hyun, said the athlete will file a court injunction against the Korea Ski Association (KSA) on Monday to suspend [...]
SEOUL, Jan. 29 (Korea Bizwire) — Samsung Electronics Co. is taking steps to strengthen its online sales presence in the critical Indian market as it strives to stay ahead of its main Chinese rival, industry sources said Sunday. Market watchers said that the South Korean tech giant is taking steps to become more localized in [...]
SEOUL, Jan. 29 (Korea Bizwire) — The average retirement age for salaried workers topped 61 years last year as a law raising the retirement age for employees to 60 came into full effect, the labor ministry said Sunday. A survey by the ministry found that workers were retiring at an average age of 61.1 in [...]
SEOUL, Jan. 26 (Korea Bizwire) — As the hugely successful Hwacheon Sancheoneo Ice Festival draws to a close, the 18th Inje Pond Smelt Festival is set to kick off on January 27, running until February 4. Considered to be the very first ice fishing festival in South Korea, the Inje Pond Smelt Festival takes place on [...]
SEOUL, Jan. 26 (Korea Bizwire) — The Korea Consumer Agency (KCA) has advised caution when using scented candles and incense sticks after an inspection revealed them to be producers of air pollutants. The KCA announced January 26 that after testing 10 different scented candles and incense sticks by burning one of the former for two [...]
SEOUL, Jan. 26 (Korea Bizwire) — Contact lenses that light up or turn off depending on the wearer’s blood glucose levels — high blood glucose levels can be an indicator of diabetes — have been developed by a joint research team from the Ulsan National Institute of Science and Technology (UNIST) and Sungkyunkwan University. Named [...]
SEOUL, Jan. 26 (Korea Bizwire) — Improved benefits and a shift in social attitudes towards childrearing have been two factors driving more South Korean dads to take time off work to be with their children. Statistics disclosed by the Ministry of Employment and Labor on January 25 show a record-setting 12,043 working men in the private sector [...]
SEOUL, Jan. 26 (Korea Bizwire) — SK Biotek Co., the pharmaceutical unit of South Korean energy and telecom conglomerate SK Group, said Friday it has held an opening ceremony for its plant in Ireland, the latest attempt to expand its presence in the global market. SK Biotek purchased the plant in Swords from New York-based [...]