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From Laundromats to Self-Service Karaoke, ‘Coin Economy’ Booming in South Korea

From Laundromats to Self-Service Karaoke, ‘Coin Economy’ Booming in South Korea

SEOUL, Jan. 29 (Korea Bizwire) – From coin-operated laundromats to unmanned karaoke rooms, a notable number of self-service businesses have sprung up across South Korea in recent years on the back of growing popularity. With a cold snap that saw temperatures drop below minus ten degrees Celsius over the weekend, South Koreans left with frozen pipes [...]

Gyeonggi to Tackle Gentrification with State-Controlled Commercial Properties

Gyeonggi to Tackle Gentrification with State-Controlled Commercial Properties

SUWON, Jan. 29 (Korea Bizwire) – The Gyeonggi provincial government will introduce state-controlled commercial properties this year as part of efforts to tackle gentrification. The province is trialing a policy providing 20 rent-controlled commercial spaces over 25 square meters in size between Gojan Station and Jungang Station in March, prioritizing young business owners. Public-owned commercial properties [...]

Young South Koreans Turn to Cryptocurrency Investment in Desperation

Young South Koreans Turn to Cryptocurrency Investment in Desperation

SEOUL, Jan. 27 (Korea Bizwire) — The cryptocurrency craze continues to sweep across South Korea despite the government’s hard-line stance, particularly thanks to young people who are hoping to turn their lives around with a get-rich-quick investment scheme. With over 1 million cryptocurrency trading accounts, the high level of public interest in virtual currencies in the [...]

Supporters Hold Creative Events in Celebration of President Moon’s Birthday

Supporters Hold Creative Events in Celebration of President Moon’s Birthday

SEOUL, Jan. 25 (Korea Bizwire) — President Moon Jae-in’s supporters held a number of events in celebration of his 66th birthday yesterday, including keyword ranking and donation goals. As part of a series of events, President Moon’s supporters made joint efforts to popularize ‘PyeongChang Olympics’ on the internet, resulting in the keyword dominating major search engines’ [...]

SsangYong Tivoli Completes the Notorious Dakar Rally

SsangYong Tivoli Completes the Notorious Dakar Rally

SEOUL, Dec. 24 (Korea Bizwire) – SsangYong Motor’s Tivoli DKR has successfully completed the notorious Dakar Rally, the manufacturer said on Tuesday. The Dakar Rally, known colloquially as “the race from hell”, is famous for its brutal conditions and harrowing racing schedule, leaving many participants with injuries and accidents. Against the odds, the Tivoli DKR, which [...]

Smart Highway That Prevents Vehicle Fires

Smart Highway That Prevents Vehicle Fires

SEOUL, Jan. 23 (Korea Bizwire) — The Korea Expressway Corporation will collaborate with other traffic organizations to expand road fire accident prevention systems at tunnels across the country. The corporation, which runs South Korean toll roads, announced on Monday it had signed a memorandum of understanding with the Korea Tracking Association and the National Charter [...]