SEOUL, April 23 (Korea Bizwire) — The majority of young South Koreans between 20 and 30 years of age have chosen to live the life of a ‘voluntary outsider’, who chooses not to mingle with others. Instead of joining a community, an increasing number of people are preferring to spend time alone. Job Korea, an [...]
SEOUL, April 23 (Korea Bizwire) — A whirlwind of new music albums by idol bands are on course to hit the K-pop scene over the following weeks, providing a breath of life to the industry hard hit by the coronavirus pandemic. Starting next week, a flurry of high-profile idol bands are scheduled to drop new [...]
SEOUL, April 23 (Korea Bizwire) — Although the domestic fashion market has been hit hard by the novel coronavirus outbreak expensive brands are doing well. Despite the overall slump in consumption, industry analysts say that the pent-up desire for consumption is leading to an increase in purchases of luxury goods to display wealth. At the [...]
SEOUL, April 23 (Korea Bizwire) — Computers made the list of South Korea’s top 10 export items again in the first quarter of the year amid the spread of teleworking due to the coronavirus outbreak, data showed Thursday. South Korean exports of computers and related products came to US$3.18 billion in the January-March period, accounting [...]
SEJONG, April 22 (Korea Bizwire) — South Korea’s finance ministry said Wednesday it will sharply increase the size of the nation’s aid package for coronavirus-hit companies and job protection. The aid package will rise to 135 trillion (US$109 billion) won from 100 trillion won, which had been set previously, to supply more liquidity into companies [...]
SEOUL, April 22 (Korea Bizwire) — South Korea on Wednesday unveiled a set of guidelines for “everyday life quarantine” amid a slowdown in new coronavirus cases. The draft of new guidelines centers on preventative hygiene measures that communities and individuals should follow when the country initiates “everyday life quarantine,” which would allow people to engage [...]
SEOUL, April 22 (Korea Bizwire) — South Korean researchers have conducted a clinical study on virus preventive treatment using hydroxychloroquine, a controversial drug that has been touted as a possible cure for the novel coronavirus. However, they were not able to confirm the effectiveness of hydroxychloroquine despite people who participated in the study testing negative [...]
SEOUL, April 22 (Korea Bizwire) — Owners of dogs of certain breeds will be required to sign up for general insurance to compensate for any physical or property damages starting in February next year. The Ministry of Agriculture, Food and Rural Affairs announced Tuesday it will hold a series of promotion campaigns with the private [...]
SEOUL, April 22 (Korea Bizwire) — Long-term rental cars that do not require vehicle management are gaining popularity as the trend of finding services that maximize convenience is growing in status. The portion of individual users of Lotte Rent-a-Car, which stood at only 21.7 percent in 2014, reached 40.6 percent in 2019, nearly doubling over [...]
SEOUL, April 21 (Korea Bizwire) — The happiest South Koreans last year were men living in the administrative city of Sejong, a big data analysis has revealed. Seoul National University Center for Happiness Studies and Kakao Corp. conducted a joint survey in which Sejong City scored the highest (5.43/10) on a happiness index among 17 [...]