SEOUL, Aug. 31 (Korea Bizwire) — The number of people working at restaurants and hotels dropped 64,000 on-year in July as the fourth wave of the coronavirus pandemic continued to weigh down on the sectors, the government said Tuesday. The total number of workers in the restaurant and hotel industry stood at 1.09 million last [...]
SEOUL, Aug. 31 (Korea Bizwire) — South Korean game developers have been turning their eyes to the production of TV series and films in a bid to diversify their business portfolios amid the booming Korean entertainment industry. Com2uS, an online and mobile game publisher, said last week that it has claimed a combined 38 percent [...]
SEOUL, Aug. 31 (Korea Bizwire) — Cryptocurrency investment has surged in popularity among South Koreans from the latter half of last year, and teens were no exception, a lawmaker said Monday, citing data from four major cryptocurrency exchanges. The value of deposits made by teenage investors totaled 4 billion won (US$3.43 million) as of the [...]
SEOUL, Aug. 30 (Korea Bizwire) — New services are taking care of ‘cumbersome tasks’ on behalf of those who want to stay indoors following the coronavirus outbreak. Fitco introduced a service in November that comes up with various recommendations on fashion, picked by professional stylists based on the ‘Style Quiz’ questionnaire that asks customers some [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korea’s wine imports hit a fresh high in 2020 as more people enjoyed drinking at home and alone due to the coronavirus pandemic, data showed Monday. Asia’s fourth-largest economy imported US$330 million worth of wine last year, up 27.3 percent from a year earlier, according to the data [...]
SEOUL, Aug. 30 (Korea Bizwire) — POSCO Energy, a wholly owned energy unit of South Korean steelmaker POSCO, is gearing up to develop a low-carbon power generation technology that makes use of waste heat, in collaboration with a local company. The company recently announced that it had established a business tie-up with heat exchanger manufacturer [...]
SEOUL, Aug. 29 (Korea Bizwire) — The government on Sunday called for all foreigners illegally staying in South Korea to receive COVID-19 vaccines, saying that it will not lead to deportation or other immigration measures. Seoul has allowed undocumented foreigners, including those who overstayed their visas, to get the vaccine shots, just like its own [...]
SEOUL, Aug. 29 (Korea Bizwire) — Cash-strapped carmaker SsangYong Motor Co. plans to receive acquisition proposals through mid-September, as a two-way race between two local investors is expected, industry sources said Sunday. The firm plans to receive bids from potential buyers through Sept. 15. So far, a total of 11 investors from home and abroad [...]
SEOUL, Aug. 27 (Korea Bizwire) — POSCO, the world’s fifth-largest steelmaker by output, said Friday it has teamed up with Korea Shipbuilding & Offshore Engineering Co. and other partners to develop a carrier of liquefied carbon dioxide in the latest move to reduce greenhouse gas emissions. Under the deal, POSCO and its partners will build [...]
SEOUL, Aug. 27 (Korea Bizwire) — With transportation cards becoming ubiquitous among commuters on city buses, Seoul city government plans to introduce buses without fare boxes, causing public concerns. The city plans to cater to any inconvenience caused by the lack of fare boxes by putting up QR codes at every bus station through which [...]