SEOUL, May 4 (Korea Bizwire) — Raffling, a lottery system in which only winners can buy certain products, has become a popular marketing strategy ever since its introduction to South Korea by foreign fashion brands such as Nike and Adidas. Now, the practice is being incorporated into various fashion platforms. Musinsa, the No. 1 player [...]
SEOUL, May 3 (Korea Bizwire) — A smart traffic signal operating system that assigns traffic signals optimally by analyzing the traffic flow in real time will be expanded throughout the country. The Ministry of Land, Infrastructure and Transport announced on Sunday the launch of a project to expand the establishment of the smart traffic signal [...]
SEOUL, May 2 (Korea Bizwire) — South Korea’s homegrown craft beer has increasingly gained popularity over recent years, industry data showed Sunday, as local brewers offer a wide range of flavors at competitive prices. The local craft beer market was valued at 118 billion won (US$105.6 million) as of 2020, sharply up from 43.3 billion [...]
SEOUL, May 2 (Korea Bizwire) — Human-caused climate change has brought about extensive meteorological changes on the Korean Peninsula over the past century, making summers longer and winters hotter and shorter and increasing the frequency of extreme weather events, such as heat waves and heavy downpours, a report said Sunday. The report from the Korea [...]
SEOUL, May 1 (Korea Bizwire) — The National Police Agency (NPA) said Saturday it has expanded the use of a crime risk assessment system based on big data and artificial intelligence (AI) technologies. The system, which is designed to help police officers detect crime-prone areas and time frames in advance, was adopted by police stations [...]
SEOUL, April 30 (Korea Bizwire) — South Korea will introduce new COVID-19 social distancing rules in July if the nation’s daily caseload remains below 1,000, health authorities said Friday. The new rules are aimed at imposing fairer restrictions and giving the public a simpler message on containment, officials said. The revamped distancing rules will also [...]
SEOUL, April 30 (Korea Bizwire) — Family of the late Samsung Chairman Lee Kun-hee will be borrowing an unprecedented amount from banks to pay for a certain portion of their inheritance tax of 12 trillion won (US$10.8 billion). For the public, this seems rather unfair, since current restrictions imposed by financial authorities allow banks to [...]
SEOUL, April 29 (Korea Bizwire) — South Korea will start the electronic travel authorization (ETA) system on Monday for nationals from some visa-waiver countries, the justice ministry said. Under the new system, called K-ETA, visitors from visa-waiver countries will need to obtain an ETA at least 24 hours before getting on a plane or a [...]
SEOUL, April 29 (Korea Bizwire) — South Korea said Thursday those who have been fully vaccinated here will be exempted from the mandatory 14-day isolation when arriving from overseas amid the country’s all-out efforts to expand inoculation. The new rules will be applied starting next Wednesday only for those who have been fully inoculated in [...]
SEOUL, April 29 (Korea Bizwire) — Hundreds of kilometers southeast from Indonesian capital Jakarta in West Java Province’s Tasikmalaya Regency stands Malaya Park. While it has been open since March on a trial basis, the park is expected to hold its official opening next month. Inside, a hanok village has been built in ‘Jeju Park’, [...]