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Foreign Arrivals in S. Korea Again Dive 98 pct in May

Foreign Arrivals in S. Korea Again Dive 98 pct in May

SEOUL, July 4 (Korea Bizwire) — Due to coronavirus-related travel restrictions, the number of foreign arrivals in South Korea again nose-dived nearly 98 percent in May, reaching slightly over 30,000, official data showed Saturday. According to the Korea Tourism Organization (KTO), 30,861 foreigners visited South Korea in May, down 97.9 percent from the same month [...]

Seoul Subway to Install Foldable Advertisement Boards for Emergency Escape

Seoul Subway to Install Foldable Advertisement Boards for Emergency Escape

SEOUL, July 3 (Korea Bizwire) — Advertisement boards installed at subway stations in Seoul will be replaced with new ones that can be folded into emergency doors. Seoul Metro plans to remove 4,258 stationary safety doors currently in place in 132 subway stations on subway lines 1-8 and 1,987 advertisement boards attached on top of [...]

S. Koreans Define Middle Class as Households with 770 mln Won in Assets

S. Koreans Define Middle Class as Households with 770 mln Won in Assets

SEOUL, July 2 (Korea Bizwire) — A recent survey revealed that South Koreans define the middle class as households with more than 700 million won (US$582,300) in assets. According to the “2020 Middle Class Report” released on Wednesday by NH Investment & Securities Co.’s 100-Year-Old Research Institute, a majority of respondents replied that four-person households [...]