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Jeju Province Ranked No. 1 in 2012 Economic Growth Rate among 16 Regions

Jeju Province Ranked No. 1 in 2012 Economic Growth Rate among 16 Regions

SEOUL, July 28 (Korea Bizwire) — Jeju Special Self-governing Province was ranked No. 1 in terms of 2012 growth rate among 16 provinces and metropolitan cities. According to data on gross regional domestic products by the National Statistical Office on July 24, the GDP of Jeju Province was 12,706.8 billion won(US$12.4 billion), up 6.1 percent from [...]

China’s Big Money Rapidly Changing Property Market of Jeju Island in Korea

China’s Big Money Rapidly Changing Property Market of Jeju Island in Korea

SEOUL, July 26 (Korea Bizwire) –‘China money’ is rapidly changing the overall landscape of Jeju Island, the Hawaii of South Korea, well known for its pristine water and scenic beauty, along with its unique culture. As of the first quarter of this year, Chinese investors owned 3.2 million square meters of the island’s land, about [...]

Tickets for Night Tour to Gyeongbok Palace Sold Out in an Hour

Tickets for Night Tour to Gyeongbok Palace Sold Out in an Hour

SEOUL, July 25 (Korea Bizwire) – Night tour to Gyeongbok Palace which offers splendid night view of the major Joseon Dynasty palace enjoys huge popularity among local Koreans. Reflecting its popularity, all the tickets allocated for Internet reservations were sold out in an hour. According to Auction which managed the Internet ticketing of the night tour [...]

FTC Cracks down on Travel Agencies Charging Too Much on Cancellations

FTC Cracks down on Travel Agencies Charging Too Much on Cancellations

SEOUL, July 24 (Korea Bizwire) – From now on, consumers will be able to demand documentary evidence to travel agencies when they ask for too much for cancellation charges. In addition, consumers will pay a certain amount proportional to the shift in exchange rate instead of paying a fixed surcharge whenever the exchange rate moves to an [...]

National Parks to Serve as Outdoor Concert Halls

National Parks to Serve as Outdoor Concert Halls

SEOUL, July 19 (Korea Bizwire) – For the campers and hikers in national parks during the summer vacation, the national park agency will hold various cultural events like music concerts, photo exhibitions, film screening, and mobile libraries. The Korea National Park Service will begin music concerts starting on Hakdong Camping Site in Hallyeohaesang National Park on July [...]