SEOUL, Dec. 17 (Korea Bizwire) — China was the biggest buyer of South Korean beauty products last year, accounting for more than 60 percent, a report showed Tuesday. The report compiled by the Korea International Trade Association (KITA) showed that 65.6 percent of outbound shipments of locally made cosmetics products headed to China, Hong Kong [...]
SEOUL, Dec. 17 (Korea Bizwire) — South Korea’s chief economic policy maker on Monday warned that the government may unveil further steps to curb soaring home prices should the latest fresh set of measures end in futility. Earlier in the day, the finance ministry and related government agencies came up with the toughest steps ever [...]
SEOUL, Dec. 16 (Korea Bizwire) — Controversy is rising over ‘high heels for children’ and other fashion goods aimed at children as the children’s beauty market is expanding. 11st, an online shopping mall, reported that sales of cosmetics for children have surged by 360 percent since last year. Following the success of Walt Disney’s sensational [...]
SEOUL, Dec. 16 (Korea Bizwire) — Seoul citizens and visitors will be given a rare opportunity to appreciate about one hundred ancient Egyptian treasures, including a 2,700-year-old mummy and coffin, free of charge over the next two years, the National Museum of Korea (NMK) said Monday. The NMK said the Asian Gallery located on the [...]
SEJONG, Dec. 16 (Korea Bizwire) — One-person families will likely become the most common household type in all South Korean cities and provinces in the next 30 years amid the country’s low birthrate and rapidly aging population, data showed Monday. Households consisting of a single member are forecast to account for 37.3 percent of all [...]
SEOUL, Dec. 16 (Korea Bizwire) – The influence of vegan students is beginning to manifest itself at university snack distributing events hosted by student councils and other organizations for those preparing for their final exams. Ewha Womans University’s student council prepared and provided 240 servings of almond milk and glucose candies without dairy products on Friday in [...]
SEOUL, Dec. 16 (Korea Bizwire) — Women in South Korea have higher levels of resentment, depression and anger compared to men. The average “frustration” scale was 2.64 out of 4, according to a survey of 5,000 adult men and women in the country by the Korean Women’s Development Institute. Broken down by gender, the “frustration” [...]
SEOUL, Dec. 13 (Korea Bizwire) — Germany-based company Delivery Hero has agreed to buy South Korea’s top food delivery app operator, Woowa Brothers Corp., for US$4 billion, industry officials said Friday. The German firm, which also has second-biggest delivery player Yogiyo under its wing, will acquire an 87 percent stake in Woowa Borthers, operators of [...]
SEOUL, Dec. 13 (Korea Bizwire) — Female characters with revealing costumes and muscular men are what we commonly see in mobile game commercials. Recently, however, female characters are increasingly being replaced with handsome, feminine male characters resembling those from romance cartoons as the game industry is expanding to attract female players. NHN Entertainment Corp., a [...]
SEOUL, Dec. 12 (Korea Bizwire) — South Korea announced a package of policy measures, including the expansion of a visa-free stay program, on Thursday to help the country’s flourishing tourism trickle down to smaller regional provinces. The measures were discussed in a government meeting on strategies to promote regional tourism held in the southern city [...]