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South Koreans Spent 5.6 Billion Minutes on Facebook in April

South Koreans Spent 5.6 Billion Minutes on Facebook in April

SEOUL, May 12 (Korea Bizwire) – South Koreans spent 5.6 billion minutes on Facebook last month, topping the list amongst all social media apps, according to the latest report from WiseApp. The app analytics company based its study on 23,663 Android users in the country, excluding iPhone users. Following Facebook was Naver’s Band, a mobile [...]

Over 200,000 Foreign Residents Take out Life Insurance Policies: Data

Over 200,000 Foreign Residents Take out Life Insurance Policies: Data

SEOUL, May 10 (Korea Bizwire) — The number of foreign residents who took out life insurance policies here topped 200,000 in 2015, with their subscriptions rising at an annual rate of 16 percent over the past five years, industry data showed Sunday. According to the data compiled by the Korea Insurance Development Institute, a total [...]

Sales of Dust Masks, Air Purifiers Spike on Murky Air

Sales of Dust Masks, Air Purifiers Spike on Murky Air

SEOUL, May 10 (Korea Bizwire) — Sales of dust masks and air purifiers soared in South Korea as citizens become increasingly concerned about seasonal fine and yellow dust here, industry data showed Tuesday. Originating from deserts in southern Mongolia and northern China, the dust has been a source of concern here, particularly in the spring. [...]

Aftereffects of THAAD Row to Linger in S. Korea and China

Aftereffects of THAAD Row to Linger in S. Korea and China

SEOUL, May 4 (Korea Bizwire) — South Korea and China will both be hurt economically by the fallout caused by the deployment of the advanced U.S. missile defense system on the Korean Peninsula, a local think tank said Wednesday. According to the Hyundai Research Institute (HRI), Beijing’s retaliation against Seoul’s decision to station a Terminal [...]

S. Koreans Increasingly Eschew China for Travel Destination

S. Koreans Increasingly Eschew China for Travel Destination

SEOUL, May 4 (Korea Bizwire) – South Koreans refrained from traveling to China last month and opted to fly to Japan or Southeast Asia instead, industry data showed on Tuesday, as the ongoing diplomatic spat has caused many to become weary of the neighboring country.  According to the data by Hana Tour, the country’s No. [...]

Study Shows 88 pct of Financial Firms Threatened by Clout of Fintech

Study Shows 88 pct of Financial Firms Threatened by Clout of Fintech

SEOUL, May 2 (Korea Bizwire) — Nearly 90 percent of financial firms worldwide said their businesses are at risk from rapidly expanding fintech rivals and they fear losing revenue to the financial innovators, according to a new study released on Monday, in the latest sign of the growing influence of financial technology, known as fintech. [...]