SEOUL, March 3 (Korea Bizwire) — The number of South Koreans in their 30s who opt to directly invest in stocks rather than other types of financial assets is increasing at a rapid pace. Rep. Yoo Gyeong-joon of the main opposition People Power Party recently analyzed investment data from Statistics Korea. The analysis showed that [...]
SEOUL, March 3 (Korea Bizwire) — A large number of South Korean mobile app developers experienced unfair transaction practices from mobile app stores including the Google Inc.’s Play store and Apple Inc.’s App Store, the antitrust regulator said Tuesday. The Korea Fair Trade Commission carried out a fact-finding survey with 500 local mobile and accommodation [...]
SEOUL, March 3 (Korea Bizwire) — South Korea’s department stores have seen a spike in sales of cosmetics after the government lifted restrictions on the use of samples. To comply with the government’s infection-control measures, department stores stopped the use of samples within outlets from December 24 last year. Such restrictions, however, were lifted on [...]
SUWON, March 3 (Korea Bizwire) — The families of comfort women are urging the government to enact a special law to prevent historical distortion and absurd statements. Comfort women is a euphemism used to refer to those who suffered under Japan’s military brothel system before and during World War II. On Tuesday, the families of [...]
SEOUL, March 2 (Korea Bizwire) — South Korean carmakers’ sales rose 4.8 percent last month from a year earlier helped by strong demand for SUVs amid the COVID-19 pandemic, industry data showed Tuesday. The five carmakers in South Korea — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor [...]
SEOUL, March 2 (Korea Bizwire) — The primary reason for indebtedness among those who filed for individual bankruptcy and indemnity through the Seoul Metropolitan Government was living expenses, a data showed Monday. The Seoul Welfare Foundation investigated the living conditions of 1,108 debtors who filed for individual bankruptcy and indemnity through the foundation last year. [...]
SEOUL, March 2 (Korea Bizwire) — South Korean men married to foreign women tend to be more cooperative than others when it comes to rearing a child or doing chores at home. Kim Seok-yeong, holding a master’s degree from Ewha Women’s University, studied 2,998 multicultural couples from the 2015 Family Survey and 11,744 multicultural couples [...]
SEOUL, March 2 (Korea Bizwire) — With local authorities imposing no-fishing zones to prevent pollution, fishing enthusiasts who are threatened by such measures are stepping up to collect trash at fishing zones. The city of Pyeongtaek, Gyeonggi Province, plans to designate several locations by Anseong Stream, Jinwi Stream, and Pyeongtaek Lake as no-fishing zones under [...]
SEOUL, March 2 (Korea Bizwire) — A recent study showed that a memory training program called Brain Tok Tok that was built for South Korea’s top mobile carrier SK Telecom Co.’s artificial intelligence (AI) speaker NUGU can help to delay the advancement of dementia. A research team from Seoul National University College of Medicine conducted [...]
SEOUL, March 2 (Korea Bizwire) — Mercedes-Benz Korea on Tuesday added its most luxurious SUV model to the lineup to gain a bigger share in the South Korean market. The German carmaker has launched the Mercedes-Maybach GLS 600 4MATIC SUV equipped with a twin-turbo, 4.0-liter V8 M177 engine at 257 million won (US$230,000), the company [...]