SEOUL, Jan. 22 (Korea Bizwire) — South Korea’s finance ministry said Monday it has started to levy preliminary anti-dumping duties on coated printing paper from Japan, China and Finland to protect the local industry from being hurt by cheap imports. In July of last year, the Korean Trade Commission under the trade ministry launched an [...]
SEOUL, Jan. 22 (Korea Bizwire) – Two South Korean airports will adopt biometrics authentication systems next week, allowing local passengers to travel without identification cards, the transport ministry said Monday. South Korean passengers using Gimpo International Airport, located in western Seoul, and Jeju International Airport on the resort island of Jeju, will be able to [...]
SEOUL, Jan. 22 (Korea Bizwire) — South Korean products are competitive in design and prices, but still lag behind advanced economies in technology and brand image, a survey showed Monday. In Vietnam, South Korean products have better brand images than those of Chinese goods, according to a survey of 1,200 consumers in the United States, [...]
SUWON, Jan. 22 (Korea Biziwire) — The city of Suwon will kickstart a social media campaign with meal and beverage vouchers offered as prizes in a bid to gather data on the troublesome flocks of rooks that descend on the city during winter. On January 22, Suwon announced that residents of Osan, Yongin and Hwaseong [...]
SEOUL, Jan. 22 (Korea Bizwire) — The beer trade deficit surpassed $100 million for the first time in South Korean history last year, as consumers are increasingly electing to imbibe foreign brews. Trade data collected by the Korea Customs Service showed last year’s beer imports stood at $263 million, 44.9 percent higher than in 2016. [...]
SEOUL, Jan. 22 (Korea Bizwire) — With cryptocurrency valuations having plummeted since reaching record highs only weeks ago, online communities for investors have degenerated from optimism and high spirits to, evidenced by uploaded photos of cracked monitors and ruined doors, bitterness and destructive behavior. Whether the damage wrought in these photos was truly caused by [...]
Seoul, Jan. 22 (Korea Bizwire) — Samsung Electronics’ C-Lab, an in-house program run by the tech giant to develop new and creative projects, wrapped up a successful showing at this year’s Consumer Electronics Show (CES 2018) held in Las Vegas. C-Lab’s booth played host to over 10,000 interested visitors and fielded a large number of [...]
SEOUL, Jan. 22 (Korea Bizwire) — The amount of stock sales through block deals on South Korean bourses increased sharply in 2017 from a year earlier, the Korea Exchange (KRX) said Monday. The amount surged to 55.9 trillion won (US$52.3 billion) on the KOSPI main bourse last year, up 37 percent from the previous year. [...]
SEOUL, Jan. 22 (Korea Bizwire) — Hyolyn, leader of the now-disbanded girl group Sistar, will release a digital single Feb. 6, her own agency Bridge said Monday. The 27-year-old singer has prepared to work as a solo artist since the disbandment of the group in June last year, participating in the soundtrack to TV series [...]
SEOUL, Jan. 22 (Korea Bizwire) — The government said Monday it will collect up to 24.2 percent of corporate and local income taxes from South Korea’s cryptocurrency exchanges this year. The Seoul government has been striving to rein in the virtual currency frenzy in Asia’s fourth-largest economy while contemplating a bill to ban cryptocurrency exchanges. [...]