SEOUL, Dec. 18 (Korea Bizwire) — South Korea’s chip and semiconductor firms performed well throughout 2017 to set record-breaking earnings, industry watchers said Monday, while the diplomatic row with Beijing dealt a harsh blow on tourism and automobile businesses. The country’s tech giants saw their earnings soar throughout this year due to the global boom [...]
SEOUL, Dec. 13 (Korea Bizwire) – Signiel Seoul, the hotel at the 123-story skyscraper of South Korean retail giant Lotte, has been namded the best new new luxury hotel in Asia in a reader survey by a U.S. travel magazine, the company said Wednesday. Global Traveler (GT) awarded the hotel – which is in Lotte World Tower, the country’s tallest building, in eastern Seoul — with the Best New Luxury Hotel in Asia. Signiel Seoul was followed by Park [...]
YANGPYEONG, Gyeonggi Province, Dec. 12 (Korea Bizwire) – Located just east of the South Korean capital of Seoul, Yangpyeong County is a perfect destination for people seeking to relax away from the hustle and bustle of urban life. The county is famous as the place where the two tributaries of the Han River, which cuts [...]
SEOUL, Dec. 12 (Korea Bizwire) — Hotel Shilla Co. partially began operating its duty-free chain at the Hong Kong International Airport on Tuesday, expanding its overseas foothold in the business, the company said. The operator of Shilla Duty Free secured the business license for the fragrance, cosmetics and fashion accessories zone at the airport earlier [...]
TOKYO, Dec. 7 (Korea Bizwire) – The chief of Japan’s Komeito party vowed Thursday to make efforts to have large numbers of Japanese people visit South Korea on the occasion of the 2018 PyongChang Winter Olympics, the South Korean Embassy in Tokyo said. Natsuo Yamaguchi, the leader of Komeito, which is the ruling coalition partner [...]
SEOUL, Dec. 6 (Korea Bizwire) – Despite growing tensions with North Korea, the number of visitors to the DMZ has more than doubled this year, according to a travel agency. Cosmojin Travel Agency, which specializes in packages for international tourists in South Korea, said on Tuesday that the number of visitors to the Demilitarized Zone had [...]
SEOUL, Dec. 6 (Korea Bizwire) – MBC every1’s hit show Welcome, First Time in Korea?’s ratings hit a record high with the latest episodes featuring Finnish panel members, and viewers are expressing interest in the Nordic country following the program’s success. The latest episode of the variety show garnered an audience of 5 percent, according to [...]
SEOUL, Dec. 3 (Korea Bizwire) — South Korean hotel chains are targeting Southeast Asian countries to bypass tough competition at home and take advantage of the region’s fast-growing economy, industry watchers said Sunday. Industry watchers said Southeast Asia is an attractive market for local hotel chains as South Koreans also frequently visit the region for [...]
SEOUL, Dec. 3 (Korea Bizwire) — China’s economic retaliation against South Korea is estimated to have led to some 7.5 trillion won (US$6.8 billion) in losses for the country’s tourism industry, data showed Sunday. According to the data compiled by the National Assembly’s Budget Office, South Korea’s tourism and accommodation industries suffered a sharp decrease [...]
SEOUL, Dec. 1 (Korea Bizwire) — South Korean retail giant Lotte Group said Friday that it has purchased a hotel and farm in Russia as it seeks to tap deeper into the overseas markets. Hotel Lotte, the lodging and accommodation arm of South Korea’s fifth-largest conglomerate with sprawling businesses in food, retail and construction, bought [...]