SEOUL, Aug. 14 (Korea Bizwire) — A new survey has found that due to the nation’s low birth rates since the early 1980s, the country’s overall population will continue to decline even if birth rates in the future increase. According to a new report released by the Korea Institute for Health and Social Affairs, South [...]
YEONGDONG, Aug. 14 (Korea Bizwire) — A gigantic zelkova tree in North Chungcheong Province is known as the “independence fighter tree,” having been around for approximately 350 years in the small village of Bakgye-ri in Haksan-myeon, Yeongdong-gun. The tree got its nickname after villagers climbed up to keep watch over Japanese military police during the [...]
SEOUL, Aug. 14 (Korea Bizwire) — The amount of money transferred via South Korea’s P2P service applications surged nearly five times on-year in 2017 on the back of its growing popularity among young customers, the financial watchdog said Tuesday. According to the data compiled by the Financial Supervisory Service (FSS), the amount of transactions via [...]
SEOUL, Aug. 14 (Korea Bizwire) – South Korea on Tuesday issued an order to suspend the operation of all BMW vehicles that have yet to receive safety inspections amid dozens of German cars catching fire. Last month, BMW said it will start recalling 106,317 vehicles next Monday after making emergency safety checks on all models [...]
SEOUL, Aug. 14 (Korea Bizwire) — Samsung Electronics Co.’s mobile payment system, Samsung Pay, boasted 8.86 million users in July in South Korea, making it the most popular Android-based financial app, data showed Tuesday. According to the data compiled by industry tracker WiseApp, Samsung Pay saw its number of users move up 53 percent from [...]
SEOUL, Aug. 13 (Korea Bizwire) — An advertisement video for South Korea’s No. 1 carmaker, Hyundai Motor Co., has drawn a record 215 million views on YouTube, according to an ad agency Monday. The video was produced by Innocean Worldwide Inc. to celebrate the 20th anniversary of the South Korean automaker’s inroads into the Indian [...]
SEJONG, Aug. 13 (Korea Bizwire) — About 40 percent of South Korean municipalities may be abolished in the future because of declining birthrates and an aging population, a survey by a state-run research institute showed Monday. Lee Sang-ho, a researcher at the Employment Information Service, released the study, conducted in June, which measured the sustainability [...]
SEOUL, Aug. 13 (Korea Bizwire) — According to e-commerce giant Gmarket, a growing number of middle-aged South Koreans are spending more money on dieting, skin care and other products or services that help them to maintain a youthful appearance. Those in their 40s and 50s are investing more in themselves, as they have the economic [...]
SEJONG, Aug. 13 (Korea Bizwire) — The city of Sejong has kicked off the first bicycle sharing service in the nation featuring IoT technology. According to the municipal government of Sejong, the smartphone application “New Eoulling,” an upgraded version of the existing bike sharing service, allows users to access shared bicycles by tracking them via [...]
SEOUL, Aug. 13 (Korea Bizwire) – According to a new survey, only 2 out of 10 children and young adults think that unification between South and North Korea is necessary. This is according to the National Youth Policy Institute, which surveyed 1,392 students in middle school grades 1 to 3 and high school students in [...]