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South Korean Investors Eye Brazilian, and Mexican Government Bonds

South Korean Investors Eye Brazilian, and Mexican Government Bonds

SEOUL, Jul. 21 (Korea Bizwire) — An increasing number of South Korean investors are showing interest in government bonds from countries such as Brazil, Mexico and Russia, with the value of Brazilian government bonds sold in South Korea during the first half of this year estimated to be around three trillion won, according to recent [...]

Wind-Free Air Conditioners Highlight Samsung’s Growing Tech Acumen

Wind-Free Air Conditioners Highlight Samsung’s Growing Tech Acumen

SEOUL, Jul. 21 (Korea Bizwire) — Samsung Electronics’ dedication to technology development has entered the spotlight, as tech enthusiasts and everyday consumers alike have taken notice of the company’s groundbreaking product releases like the new Wind-Free Air Conditioner. Technologies like the Wind-Free Air Conditioner (it’s exactly what it sounds like) and Samsung washing machines with [...]

Police Probe Backdoor Deals Between Card Companies and Colleges

Police Probe Backdoor Deals Between Card Companies and Colleges

SEOUL, Jul. 21 (Korea Bizwire) — South Korean law enforcement agencies have revealed that 108 colleges entered into illicit agreements credit card companies, and received rebates for giving them exclusive rights to processing tuition payments by credit card.             Financial authorities are considering imposing administrative sanctions on the card companies for their improper transactions.   The Southern Gyeonggi Provincial [...]

Minimum Wage Hike to Bolster Consumption Despite Profit Drops in Retail Sectors

Minimum Wage Hike to Bolster Consumption Despite Profit Drops in Retail Sectors

SEOUL, July 21 (Korea Bizwire) – A decision by the government to raise the minimum wage next year is expected to cut profits at convenience and discount store chains, but it could help bolster consumption, according to foreign investment banks on Friday. The government has decided to hike minimum wage 16 percent to 7,530 won [...]

Online Shopping Experiencing Growth Surge as Retail Sales Stumble

Online Shopping Experiencing Growth Surge as Retail Sales Stumble

SEOUL, Jul. 21 (Korea Bizwire) — Online shopping is experiencing a growth surge, accounting for close to 20 percent of all retail sales in the first quarter of this year, data showed Friday. Retail transactions in the three months to March totaled 96.56 trillion won (US$85.83 billion), a growth of 4.7 percent from the same [...]