SEOUL, Jan. 11 (Korea Bizwire) — Marrying couples in South Korea in their 30s have become more common at wedding halls than those in their 20s, a statistics agency said Tuesday. About 193,000 couples got married in 2021 with 157,000 weddings involving wives getting married for the first time, according to Statistics Korea. Sorted by [...]
SEOUL, Jan. 11 (Korea Bizwire) — As the luxury resale market continues to grow in South Korea, demand for a variety of accessories that come with luxury products is also increasing. The boxes that are used to pack Rolex wristwatches or shopping bags from luxury brands like Hermes or Chanel are being sold at online [...]
SEOUL, Jan. 11 (Korea Bizwire) — The Seoul Tourism Organization said Tuesday it will begin a trial of a new service that provides information on the level of congestion at major tourist hotspots in Seoul. The service can be accessed through a PC or mobile device via Visit Seoul, the official website for tourism in [...]
SEOUL, Jan. 11 (Korea Bizwire) — The Gwangju Institute of Science and Technology said Tuesday it has developed a new technology that can extend the driving distance of electric vehicles by enabling the realization of a high-performance lithium metal battery with higher energy storage capacity. The research team developed a new lithium battery with a [...]
SEOUL, Jan. 10 (Korea Bizwire) – South Korea will double the annual budget for overseas development grants in the agricultural sector to 500 billion won (US$401.4 million) by 2027, the agriculture ministry said Tuesday. The government approved the plan to raise the yearly budget for official development assistance (ODA) grants, which was 246.7 billion won [...]
SEOUL, Jan. 10 (Korea Bizwire) — An unexpected boom of voluntary retirement is spreading across the South Korea’s banking industry, which has seen a major surge in profits in the last couple of years. KB Kookmin Bank received some 730 applications for voluntary retirement recently, up by more than 50 applications since January of last [...]
SEOUL, Jan. 10 (Korea Bizwire) — The issue of corruption in military conscription has resurfaced in the public eye following the arrest of individuals who falsely claimed to be suffering from epilepsy in order to evade their mandatory military service. A variety of methods have been used to avoid mandatory military service, in addition to [...]
SEOUL, Jan. 10 (Korea Bizwire) — The illegal distribution of South Korean content has become a part of everyday life in China, with the new Netflix series “The Glory” being no exception. At present, the average rating of the Netflix’s South Korean original starring top actress Song Hye-kyo stood at 8.9 out of 10 points [...]
SEOUL, Jan. 10 (Korea Bizwire) — South Korean instant noodle maker Nongshim Co. is exploring ways to attract young consumers who are reducing their consumption of instant noodles, or “ramyeon” in Korean. The company opened a Shin Ramyun cafeteria popup store in the hip district of Seongsudong in eastern Seoul on Monday. It brought the [...]
SEOUL, Jan. 9 (Korea Bizwire) — Rampant inflation that has caused a spike in consumer prices is affecting the size of “congratulatory money on wedding,” cash gifts given at wedding ceremonies, causing frustration among young people, those who are fresh out of college of late. As “paying 50,000 won (US$40.10) for just being present, or [...]