SEOUL, July 3 (Korea Bizwire) — The ‘No Japan’ boycott movement against Japanese products that broke out last July after Japan imposed export restrictions on South Korea has had a serious impact on last year’s imported beer market. The Korea Agro-Fisheries & Food Trade Corp. reported Thursday that the retail market for beer in the [...]
SEOUL, July 3 (Korea Bizwire) — Advertisement boards installed at subway stations in Seoul will be replaced with new ones that can be folded into emergency doors. Seoul Metro plans to remove 4,258 stationary safety doors currently in place in 132 subway stations on subway lines 1-8 and 1,987 advertisement boards attached on top of [...]
SEOUL, July 3 (Korea Bizwire) — Going forward, artificial intelligence (AI) and big data technology will be used in South Korea to select individuals subject to tax audits, the tax agency said Thursday. The National Tax Service (NTS) announced that it will trial a big data analysis system for sorting out borrowed-name bank accounts this [...]
SEOUL, July 2 (Korea Bizwire) — Subways running across South Korea’s capital will get contactless gates that will allow passengers to pass through without directly tagging their cards, the Seoul metropolitan government said Thursday. The city’s subway operator plans to inject 2.9 billion won (US$2.4 million) to set up 556 “tagless gates” at subway stations [...]
SEOUL, July 2 (Korea Bizwire) — The French luxury brand Christian Dior began to raise prices of its major bags Thursday, industry sources said, as people’s demand for luxury goods has not been subdued even amid the pandemic-caused economic slump. Dior will increase the price tags of its major products, including Dior Lady bags, by [...]
SEOUL, July 2 (Korea Bizwire) — Returning last month from seven weeks of compulsory working from home due to the pandemic, Kim Min-ju, a 41-year-old office worker, was at a loss to find a safe place to have lunch. Back to her office life in the busy business district of Gwanghwamun in central Seoul, she [...]
SEOUL, July 2 (Korea Bizwire) — Teenagers who stay up late at night are much more likely to suffer from depression compared to early birds, according to a recent study. Night owl refers to those who go to bed late and wake up late, while early birds prefer getting up and going to bed early. [...]
SEOUL, July 2 (Korea Bizwire) — The number of restaurants, bars and coffee shops that have closed this year in downtown Seoul areas such as Gangnam and Jongro has risen sharply due to the outbreak of the coronavirus. According to an analysis of the Seoul Open Data Square’s data on the current state of food [...]
SEOUL, July 1 (Korea Bizwire) — South Korean university students and civic groups declared a boycott of the movie “Mulan” on Wednesday in support of the democracy protests in Hong Kong. Several student and civic groups held a rally in front of Walt Disney Co. Korea in southern Seoul, asking the company to scrap its [...]
SEOUL, July 1 (Korea Bizwire) — Amid growing concerns about low fertility rate and population aging, South Korea has the world’s lowest birth rate, according to a report released by the Korea Population, Health & Welfare Association and the United Nations Fund for Population Activities (UNFPA) on Tuesday. The ratio of South Koreans under the [...]