SEOUL, Sept. 1 (Korea Bizwire) – The number of South Koreans traveling to China continued to drop in August, with more people opting to fly to Japan or Southeast Asia instead, industry data showed Friday, as the ongoing diplomatic spat between Seoul and Beijing over the deployment of a U.S. missile defense system does not [...]
SEOUL, Sept. 1 (Korea Bizwire) — An increasing number of South Korean companies are using virtual reality in their marketing campaigns as the latest technology that allows people to thoroughly experience products online before purchasing has proven to improve customer satisfaction. VR technology has been increasingly popular in the mobile and desktop online shopping industry in [...]
SEOUL, Aug. 31 (Korea Bizwire) — Representatives of duty-free shops at Incheon Airport have called on the airport officials to consider dropping the price of rent temporarily amid China’s economic retaliation over the South Korean deployment of a THAAD anti-missile system, which has had a devastating impact on the local tourism industry. According to industry sources, [...]
SEOUL, Aug. 31 (Korea Bizwire) — South Korea’s retail giant Lotte said Thursday it will inject another $300 million into its hypermarket chain in China, which is bearing the brunt of Beijing’s apparent economic retaliation over Seoul’s deployment of a U.S. missile defense system. Lotte Mart, the operator of the group’s hypermarket chain, said Lotte [...]
DAEJEON, Aug. 31 (Korea Bizwire) — Korail is introducing a new car sharing service catering to those traveling on the company’s high-speed KTX trains, beginning Friday at 15 stations including Seoul Station. Dubbed ‘KTX-Deal Car’, the collaboration between Korail and Hyundai Capital allows Korail passengers to rent a car from the nearest pick-up point, primarily parking [...]
SEJONG, Aug. 31 (Korea Bizwire) — South Korea’s industrial output rose at the fastest pace in six months in July on gains in cars and electronic devices, government data showed Thursday. Production in the mining, manufacturing, gas and electricity industries climbed 1.9 percent on-month in July, turning around from a 0.5 percent on-month drop in [...]
SEOUL, Aug. 30 (Korea Bizwire) – The operator of a new resort complex under development on the country’s southern resort island of Jeju said Wednesday its theme park will open to the public next month, as it aims to become a world-leading tourist destination. The Shinhwa World resort complex will encompass high-end facilities along with [...]
SEOUL, Aug. 30 (Korea Bizwire) – A new international cruise terminal will be completed at the eastern port of Sokcho this week to accommodate a growing number of travelers coming to Korea through the coastal city, the oceans ministry said Wednesday. The port will be fully completed on Thursday with the commemorative ceremony scheduled for [...]
SEOUL, Aug. 28 (Korea Bizwire) — For the past two months, Gangnam district has inspected around 50 cosmetic surgery facilities within its boundaries by sending out mystery shoppers. The aim of its covert operation was to “objectively measure the quality of the medical services offered and identify any problems and improve them in order to [...]
SEOUL, Aug. 23 (Korea Bizwire) — South Korea’s trade balance of intellectual property has improved during the first half of this year, with the deficit dropping to a record low of $600 million, while major companies posted a surplus for the first time thanks to royalties in the IT industry, the Bank of Korea said. [...]