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Slumping Economy Drives S. Koreans to Travel Overseas More Frequently

Slumping Economy Drives S. Koreans to Travel Overseas More Frequently

SEOUL, Dec. 17 (Korea Bizwire) — An increasing number of South Koreans are opening their wallets to purchase plane tickets to go overseas. In fact, South Koreans spent a record-breaking amount of money overseas last year, and the total is only expected to increase in the future. Overseas consumption is gaining importance as a subset [...]

HomePlus ‘Maekmmelier’ Contest Crowns 27 Beer Masters

HomePlus ‘Maekmmelier’ Contest Crowns 27 Beer Masters

SEOUL, Dec. 17 (Korea Bizwire) — Supermarket chain HomePlus Co. said on December 16 that 27 ‘Maekmmelier’ had been chosen via ‘The First Maekmmelier Contest’ in which participants measured their beer mania skills with others. Maekmmelier is a combination of ‘maekju’, the Korean word for beer, and ‘sommelier,’ and refers to one whose beer mania [...]

Gov’t to Change Rule for Easier Pension Sharing After Divorce

Gov’t to Change Rule for Easier Pension Sharing After Divorce

SEOUL, Dec. 17 (Korea Bizwire) — The welfare ministry said Monday it is reviewing a regulatory change that would allow divorcees to claim part of the national pension received by their ex-spouses after just one year of marriage. Eligibility for pension sharing currently comes with a number of prerequisites, including minimum five years in marriage [...]