SEJONG, Jan. 26 (Korea Bizwire) — South Korea and the United States plan to hold the second round of talks to amend their free trade pact in Seoul next week, Seoul’s trade ministry said Friday, amid mounting U.S. trade pressure. The two-day talks — set to begin Wednesday — come days after U.S. President Donald [...]
SEOUL, Jan. 26 (Korea Bizwire) — South Korea’s chief economic policymaker said Friday the government is “cautiously” considering raising property taxes in yet another attempt to tame rising home prices. Finance Minister Kim Dong-yeon said there are speculative demands in some areas such as the wealthy Gangnam Ward and adjacent districts. “We have been reviewing [...]
SEOUL, Jan. 26 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-biggest carmaker by sales, said Friday it has released a teaser clip of its Stinger fastback sports sedan on YouTube, adding that the full commercial will appear during the Super Bowl early next month. The 30-second clip features Formula One world champion Emerson Fittipaldi [...]
SEOUL, Jan. 26 (Korea Bizwire) – South Korean officials who recently inspected a ski resort in North Korea found the facilities are in a good enough condition to host joint ski training ahead of the PyeongChang Winter Olympics, a government official said Friday. The two Koreas agreed last week to hold cultural events at Mt. [...]
SEOUL, Jan. 26 (Korea Bizwire) — Phytoncide air purifiers that supposedly recreate “forest air”, standard air purifiers, humidifiers and commercial oxygen generators are being bought up by droves of South Korean consumers, who are spending what it takes to keep their home environment free of the fine dust that periodically blankets the nation in the [...]
GOHEUNG, Jan. 26 (Korea Bizwire) — The ongoing frigid weather conditions have claimed the lives of tens of thousands of fish raised on an aquafarm in South Jeolla Province, with more casualties to come according to the aggrieved owner. With temperatures coming in at almost 10 degrees below zero, the sight that greets visitors to [...]
PAJU, Jan. 25 (Korea Bizwire) – Since its opening a little more than three years ago, the Camp Greaves DMZ Experience Center has slowly but surely become a pit stop for tourists visiting the Demilitarized Zone separating North and South Korea. The Gyeonggi Tourism Organization and Paju City revealed that 23,116 tourists visited Camp Greaves [...]
SEOUL, Jan. 25 (Korea Bizwire) — A total of 25.6 suicides per 100,000 across the entire population — a statistic that equates to one suicide per 40 minutes or 36 suicides per day — is South Korea’s alarming suicide rate in 2016. South Korea bears the undesirable distinction of having led all OECD countries in [...]
SEJONG, Jan. 25 (Korea Bizwire) — Rice consumption per capita may be on the decline, but data indicates that the popularity of instant rice, lunch boxes and onigiri-style samgak (triangle) gimbap is on the upswing thanks to the increasing proclivity for diners to eat unaccompanied. During the 2017 marketing year for rice announced by Statistics [...]
SEOUL, Jan. 25 (Korea Bizwire) – Not all drones fly, as telecom operator LG Uplus proved on the waters of coastal Busan on January 25 by showcasing its “smart drone management service”. Onlookers got a firsthand look at the full spectrum of capabilities offered by LG Uplus’s marine drone. Departing from land and traveling approximately [...]