Kobiz Feature Archives | Be Korea-savvy

Archive by category Kobiz Feature

Tourism Industry Put to Test During Chuseok Holiday

Tourism Industry Put to Test During Chuseok Holiday

SEOUL, Sept. 21 (Korea Bizwire) – With the 10 day-long Chuseok holiday fast approaching, the South Korean tourism industry finds itself at a critical turning point, with millions of South Koreans deciding between traveling around the country and going abroad. This year’s much anticipated Chuseok holiday, South Korea’s Thanksgiving celebration, is one of the longest in [...]

Relationship Between Illegal Gambling and Gambling Homemakers a Lasting One

Relationship Between Illegal Gambling and Gambling Homemakers a Lasting One

SEOUL, Sept. 16 (Korea Bizwire) – The recent bust of a gambling ring by South Korean law enforcement agencies has once again turned the national spotlight on the enduring connection between illegal gambling and homemakers. With annual numbers of around 4,000 (number of people discovered by police onsite) involved in illegal gambling in the previous [...]

Amidst Uncertainty, One Thing is Clear: Virtual Currency is a Reality

Amidst Uncertainty, One Thing is Clear: Virtual Currency is a Reality

SEOUL, Sept. 11 (Korea Bizwire) – By announcing a set of regulatory guidelines dealing with the peripherals of the virtual currency market, the South Korean government has made one thing very clear: virtual currency is here to stay. Virtual currency’s proliferation has been rapid since its conception by programmer Satoshi Nakamoto in 2009. His creation, [...]

South Korean Care Workers Face Hardships

South Korean Care Workers Face Hardships

SEOUL, Sept. 10 (Korea Bizwire) – With a plummeting birth rate and soaring life expectancy, care workers are emerging as one of the crucial professions in an aging South Korea where seniors now account for over 14 percent of the country’s population, but pressing issues such as difficult working conditions and poor treatment still remain [...]

Government-Funded Startups Vulnerable, but Show Promise

Government-Funded Startups Vulnerable, but Show Promise

SEOUL, Sept. 8 (Korea Bizwire) – Government funding for startups is bearing fruit after a report released on August 9 by the Korea Institute of Startup and Entrepreneurship Development and the Ministry of SMEs and Startups revealed that government-sponsored startups had hiring increases that were five to six times higher than at small and medium-sized [...]

Korea’s Answer to Netflix & Chill: ‘Wanna Eat Ramen Before You Go?’

Korea’s Answer to Netflix & Chill: ‘Wanna Eat Ramen Before You Go?’

SEOUL, Sept. 7 (Korea Bizwire) — Just like the phrase ‘Netflix and Chill’ has become an inseparable part of the modern dating culture in the West in recent years, the lexicon of dating has been expanding on the other side of the world in South Korea also, with the newly coined phrase ‘You wanna eat ramen [...]