SEOUL, April 26 (Korea Bizwire) — South Korea’s new coronavirus cases stayed above 10,000 for the second straight day Wednesday amid eased virus curbs aimed at regaining pre-pandemic normalcy. The country reported 16,383 cases, including 13 imported cases, bringing the total caseload to 31,114,786, the Korea Disease Control and Prevention Agency (KDCA) said. Wednesday’s tally [...]
SEOUL, April 26 (Korea Bizwire) — South Korea’s rate hike measures have weighed heavily on people’s spending, particularly impacting those in their 20s and 30s who have debt, a state-run think tank said Wednesday. A 1 percentage-point hike in the key rate led to a decrease of 132,000 won (US$98.7) in annual spending of South [...]
SEOUL, April 26 (Korea Bizwire) — The number of babies born in South Korea dropped to yet another record low level in February, data showed Wednesday, further highlighting the population crisis facing Asia’s No. 4 economy. Only 19,939 babies were born in February this year, down 3.7 percent from a year earlier, according to the [...]
SEOUL, April 25 (Korea Bizwire) — South Korea’s new coronavirus cases bounced back to over 10,000 on Tuesday as the country is on its way to pre-pandemic normalcy. The country reported 14,817 cases, including 23 imported cases, bringing the total caseload to 31,098,403, the Korea Disease Control and Prevention Agency (KDCA) said. Tuesday’s tally jumped [...]
SEOUL, April 25 (Korea Bizwire) – In recent years, a new trend has emerged among the younger generation of South Korea: the love for “ajae-sul,” or “old-timer’s favorites,” whiskey. This phenomenon is particularly popular among members of Generation MZ, those born between 1980 and 2000, who have now become the primary consumer segment in the [...]
SEOUL, April 24 (Korea Bizwire) – South Korea’s new coronavirus cases fell below 10,000 on Monday due to fewer tests over the weekend as the country is well on track to pre-pandemic normalcy. The country reported 5,027 cases, including 20 imported cases, bringing the total caseload to 31,083,586, the Korea Disease Control and Prevention Agency [...]
SEOUL, April 23 (Korea Bizwire) — A month after the postponement of a decision on the second-quarter electricity rates, South Korea is still struggling with when and how much to raise utility bills due to high inflation and political burdens amid high global energy prices and the snowballing losses of state utility firms, analysts said [...]
SEOUL, April 22 (Korea Bizwire) — South Korea’s new coronavirus cases stayed above 10,000 for the fifth consecutive day Saturday amid eased virus curbs aimed at regaining pre-pandemic normalcy. The country reported 13,793 cases, including 28 imported cases, bringing the total caseload to 31,066,725, the Korea Disease Control and Prevention Agency (KDCA) said. Daily infections [...]
SEOUL, April 21 (Korea Bizwire) — Amid South Korea’s “War against Drugs,” which is infiltrating the country’s youth, the term “drugs” is being widely used in various sectors of society. The term “Mayak,” which literally means drugs in Korean, is used to emphasize the addictive taste of a food product or the level of comfort [...]
SEOUL, April 21 (Korea Bizwire) — Voice phishing caused a loss of more than 100 billion won last year, but only a small amount has been returned to the victims, data showed Thursday. The Financial Services Commission revealed that voice phishing resulted in losses of 145.1 billion won (US$109 million) last year, with a return [...]