SEOUL, Jan. 24 (Korea Bizwire) — Eight in 10 foreigners living in and out of South Korea positively view the country, a government survey showed Monday. The Korean Culture and Information Service (KOCIS) canvassed 12,500 non-Koreans aged 16 and more in 24 countries around the world in September and found 80.5 percent of the respondents [...]
SEOUL, Jan. 24 (Korea Bizwire) – The so-called ‘token economy’ is expanding, in which companies give out tokens that can be exchanged for tangible and intangible goods to provide incentives to consumers to draw out certain behavior. Home training service platform Yafit Cycle, run by online education startup Yanadoo, is selling tablet PC-equipped cycling machines [...]
SEOUL, Jan. 24 (Korea Bizwire) – The Bank of Korea (BOK) said Monday it has successfully completed its first phase of a two-step mock test of the feasibility of a central bank digital currency (CBDC) as it is reviewing whether to introduce the potential new form of money. The BOK launched the first phase in [...]
SEOUL, Jan. 24 (Korea Bizwire) — South Korea’s romantic TV series have recently made their global presence strong through Netflix, prompting global streaming services to expand their 2022 slate with romances. The romantic comedy “Our Beloved Summer,” starring Choi Woo-shik of “Parasite” and Kim Da-mi, has been on the top 10 of Netflix’s official weekly [...]
CAIRO, Jan. 22 (Korea Bizwire) — South Korean President Moon Jae-in used the just-ended, three-nation swing through the Middle East to forge deeper cooperation with the region in the fields of clean energy and defense. In every stop of the eight-day trip to the United Arab Emirates (UAE), Saudi Arabia and Egypt, Moon pitched for [...]
SEOUL, Jan. 21 (Korea Bizwire) — South Korea is not considering lifting a ban on imports of Japanese seafood to win Japan’s support for joining a mega free trade agreement in the Asia-Pacific region, Seoul’s oceans minister has said. South Korea is working to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which [...]
JEJU, Jan. 21 (Korea Bizwire) — The provincial government of Jeju said Friday it will push to raise the minimum investment required of foreigners under its real-estate investment immigration policy to 1.5 billion won. Under the current property investment immigration system, foreigners who invest 500 million won (about US$419,000) or more in condominiums or other [...]
SEOUL, Jan. 21 (Korea Bizwire) — Nearly two-thirds of South Koreans have no interest in the upcoming Beijing Winter Olympics, a survey showed Friday. Gallup Korea polled 1,002 South Korean adults from Tuesday to Thursday on their thoughts on the Feb. 4-20 Winter Games in the Chinese capital. And 65 percent said they were not [...]
SEOUL, Jan. 21 (Korea Bizwire) — South Koreans attending universities in Northeast China are giving up their enrollment after being denied entry to the country for two years. The South Korean Consulate General in Shenyang and an association of Korean students from Liaoning, Jilin and Heilongjiang provinces in China said that local universities in these [...]
SEOUL, Jan. 21 (Korea Bizwire) — Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, said Thursday the launch of ‘Auto Bell,’ an online used car transaction platform designed to connect used car dealers with customers. To establish a reliable dealer network as well as to prevent false advertising, the company plans to check [...]