SEOUL, Sept. 23 (Korea Bizwire) — Home appliance manufacturers are diversifying their marketing strategies to win the hearts of the new and upcoming MZ generation, born between the 1980s and 2000s. Samsung Electronics Co. appeared on Naver Live Commerce to release and sell the new multifunctional cooking appliance BESPOKE Qooker while its rival LG Electronics [...]
SEOUL, Sept. 23 (Korea Bizwire) — Tourism and accommodation businesses are locked in fierce competition for customers by introducing new facilities and package deals. They are also introducing so-called ‘pet-cation’ packages that allow guests to bring pets to five-star hotels and resorts. Sono Hotels & Resorts currently runs a pet hotel at Vivaldi Park ski [...]
SEOUL, Sept. 23 (Korea Bizwire) — COVID-19 is speeding up the era of digital public education, as unexpectedly as it seems, while taking a toll on offline education. Since April of last year, following the first wave of the pandemic across the country, education authorities have scrambled to set up digital infrastructure across all schools. [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korea’s banking industry is performing a variety of experiments to ensure efficient and cost-effective branch operations, while, at the same time, speeding up the restructuring of branches as a way to promote a digital transformation. KEB Hana Bank and the state-run Korea Development Bank (KDB) joined hands to [...]
SEOUL, Sept. 23 (Korea Bizwire) — Samsung Electronics Co., South Korea’s leading tech firm, unveiled a series of YouTube videos to introduce domestic semiconductor plants as well as to offer a full glimpse of the process of producing and distribution chips. Mainly targeting the “MZ generation,” a Korean term referring to millennials and Generation Z, [...]
SEOUL, Sept. 23 (Korea Bizwire) — The use of non-face-to-face bank loans that can be applied for simply through several clicks online is on a steady rise. The outstanding balance of non-face-to-face loans at the nation’s 18 commercial banks as of the end of June 2021 totaled 111.8 trillion won (US$94.4 billion), an almost threefold [...]
SEOUL, Sept. 23 (Korea Bizwire) — The number of online scams surrounding the transactions of used products and gaming items has increased sharply over the past five years. According to the data from the National Police Agency, disclosed by Rep. Oh Young-hwan of the Democratic Party, the number of online scams shot up to 174,000 [...]
NEW YORK, Sept. 22 (Korea Bizwire) — South Korean President Moon Jae-in used his last U.N. General Assembly speech this week for a bid to revive hopes of a declaration to formally end the Korean War. In an unusual move, he publicly mentioned the names of signatories to the envisioned declaration, as he addressed the [...]
SEOUL, Sept. 22 (Korea Bizwire) — South Korea is planning to spend about 23.2 billion won (US$19.5 million) in next year’s official development assistance (ODA) projects for war-torn Afghanistan, a document showed Wednesday. The Office for Government Policy Coordination under the Prime Minister’s Office said in the document submitted to Rep. Tae Young-ho of the [...]
INCHEON, Sept. 22 (Korea Bizwire) — South Korea has imported twice as many cats and dogs this year compared with two years ago as people spend more time at home amid the protracted COVID-19 pandemic, customs data showed Wednesday. According to the data by the regional customs office in Incheon, a main gateway for trade [...]