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Living and entertainment news about South Korea. We bring you the latest information on what is happening in Korea today.

K-pop Group BTS’s Annual Economic Value Estimated at 4 tln Won: Report

K-pop Group BTS’s Annual Economic Value Estimated at 4 tln Won: Report

SEOUL, Dec. 18 (Korea Bizwire) — The economic value generated by K-pop boy band BTS is estimated at around 4 trillion won (US$3.54 billion) annually, a local researcher said Tuesday, indicating that the global sensation plays a significant role in South Korea’s economy that stretches beyond the cultural sector. The Hyundai Research Institute (HRI) said [...]

‘Burning’ Among Semi-finalists for Oscar’s Best Foreign-language Film

‘Burning’ Among Semi-finalists for Oscar’s Best Foreign-language Film

SEOUL, Dec. 18 (Korea Bizwire) — “Burning” has become the first South Korean film to be shortlisted for the Foreign Language Film award by the Academy of Motion Picture Arts and Sciences, the Academy said on its website on Monday (U.S. time). The movie, by director Lee Chang-dong, was among nine foreign language Oscar contenders, [...]

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 [...]