SEOUL, Oct. 4 (Korea Bizwire) — South Korean teens are refusing to take the change when paying for public transportation because it is ‘too embarrassing’. A 15-year-old teenager surnamed Lee said she has almost never taken any change when paying for a bus ride. “A single pack of snacks at a convenience store costs over [...]
SEOUL, Oct. 3 (Korea Bizwire) — The number of personal bankruptcy filings neared 50,000 last year amid a prolonged economic slowdown resulting in part from the COVID-19 pandemic. According to the National Court Administration, the number of personal bankruptcy cases filed in court across the country totaled 49,063 last year, down 2.6 percent from a [...]
SEOUL, Oct. 2 (Korea Bizwire) — Trials for sexual crimes in the military jumped 77.6 percent over the past four years, according to data from military courts. The number of trials for active-duty soldiers accused of sexual crimes amounted to 2,185 between 2018 and last year, according to the data provided to Rep. Kim Seung-won [...]
SEOUL, Oct. 2 (Korea Bizwire) — In recent years, LG Electronics Inc., a global leader in traditional home appliances, has striven to become an industry leader that creates hardly-seen-before and innovative devices, ranging from a steam closet to an automated indoor gardening device to a home brewer. Such moves, regardless of how niche of a [...]
SEOUL, Oct. 1 (Korea Bizwire) — South Korea’s military demonstrated some of its major high-tech weapons at its headquarters in a central city Saturday on the occasion of the Armed Forces Day following a series of ballistic missile provocations by North Korea this week. The defense ministry held an official ceremony marking the anniversary at [...]
SEOUL, Sept. 30 (Korea Bizwire) — South Korea’s top landlords own more than 20,000 homes, data showed Thursday. Rep. Kim Hoi-jae of the Democratic Party referred to a Statistics Korea report indicating that the 100 South Koreans with the largest real estate holdings owned a total of 20,689 homes as of 2020. Jointly owned homes [...]
SEOUL, Sept. 30 (Korea Bizwire) — South Korea will remove a COVID-19 polymerase chain reaction (PCR) testing requirement for inbound travelers on the first day of their arrival amid the waning virus wave, authorities said Friday. The measure will take effect Saturday. Currently, a PCR test is a must for inbound travelers within the first [...]
SEOUL, Sept. 29 (Korea Bizwire) — Criticism is mounting over Volkswagen Korea, which is allegedly delivering its brand-new model faster to customers who obtain financing from its auto finance service with an annual interest rate of more than 7 percent. According to industry sources, Volkswagen Korea’s official dealers are informing customers who make reservations for [...]
SEOUL, Sept. 28 (Korea Bizwire) — Close to 6 in 10 South Koreans are planning to cut back on spending for the latter part of this year due to skyrocketing prices and soaring interest rates, a poll showed Tuesday. The Federation of Korean Industries conducted a nationwide survey of some 1,000 South Koreans over 18 [...]
SEOUL, Sept. 28 (Korea Bizwire) – The vast majority of individuals who are not in a relationship choose to be single voluntarily, a survey showed Tuesday. The Korea Population, Health and Welfare Association conducted a survey of 1,047 ‘voluntary’ singles between the ages of 19 and 34, 65.5 percent of whom said they were not [...]