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Earnings in Show Business Show Heavy Imbalance between Celebrity Level, Gender

Earnings in Show Business Show Heavy Imbalance between Celebrity Level, Gender

SEJONG, Jan. 16 (Korea Bizwire) – The glitz of show business isn’t the same for everyone in the industry, where earnings are heavily imbalanced between A-listers and those who are not, income tax filings for 2015 showed Monday.  A total of 15,423 people, whose reported jobs were actors and actresses, reported an annual income that [...]

S. Korea to Spend 937.2 Bln Won in 2017 for Winter Olympic Preparations

S. Korea to Spend 937.2 Bln Won in 2017 for Winter Olympic Preparations

SEOUL, Jan. 10 (Korea Bizwire) – South Korea plans to spend 937.2 billion won (US$779.7 million) this year in support for the 2018 PyeongChang Winter Olympic and Paralympic Games preparations, the sports ministry said Tuesday.  The Ministry of Culture, Sports and Tourism said its 2017 budget for the Olympic preparations is down 49.4 percent from [...]

Yuna Kim’s Ice Skates Become “Cultural Asset”

Yuna Kim’s Ice Skates Become “Cultural Asset”

SEOUL, Jan. 9 (Korea Bizwire) – A pair of ice skates worn by South Korean figure skating legend Yuna Kim will soon become a “cultural asset” officially designated by the Cultural Heritage Administration.  The skates were worn by Kim during the 2010 Vancouver Winter Olympics, where she won the gold medal with a world record [...]

Comeback of First Generation Idols Triggers Nostalgia amid Economic Slump

Comeback of First Generation Idols Triggers Nostalgia amid Economic Slump

SEOUL, Jan. 6 (Korea Bizwire) – When times are hard, people look back and start immersing themselves in nostalgia, because reality simply doesn’t feel good enough.  The recent comebacks of first generation K-pop idols amidst the worst economic downturn that Korea has suffered since the 2008 financial crisis are offering a trip down memory lane, [...]

Netflix to Make Its First Korean Original Series

Netflix to Make Its First Korean Original Series

SEOUL, Jan. 5 (Korea Bizwire) – U.S. video service provider Netflix Inc. announced on Thursday that it will produce its first Korean original series “Love Alarm” based on a popular eponymous local webtoon for release next year.   The upcoming cartoon-based drama, written by one of the country’s most eminent graphic novelists Chon Kye-young, marks Netflix’s [...]

Economic Uncertainty Brings Back Popularity of Claw Machines

Economic Uncertainty Brings Back Popularity of Claw Machines

JEONJU, South Korea, Jan. 4 (Korea Bizwire) – Claw machines are back, and arcades offering a dozen, or dozens, of the machines are found on almost every corner of busy neighborhoods in Korean cities.  Jeonju, a small city in North Jeolla Province with a little over 650,000 residents, is no exception.  Famous for its Hanok [...]