WANJU, South Korea, Nov. 3 (Korea Bizwire) — South Korean pro football’s all-time leading scorer said Thursday he plans to keep playing next season, even as he approaches his 40s. Lee Dong-gook, who plays for Jeonbuk Hyundai Motors in the K League Classic, said he is considering playing next season. The 38-year-old striker is a [...]
BEIJING, Nov. 2 (Korea Bizwire) – K-pop quartet Mamamoo has filmed a segment for a Chinese TV music program this week, raising the prospect of Beijing possibly lifting its ban on “hallyu,” or South Korean pop culture, sources said Thursday. The South Korean girl group reportedly arrived in China on Tuesday through Chengdu Shuangliu International [...]
SEOUL, Oct. 31 (Korea Bizwire) -- China imported 509,000 tons of coal from North Korea last month, raising doubts about its implementation of U.N. sanctions over Pyongyang’s nuclear and missile programs, Voice of America (VOA) reported Tuesday. VOA’s Korean Service said China bought US$44 million of coal from the North in September, citing data from [...]
SEOUL, Oct. 30 (Korea Bizwire) — Local banks are on alert as the government tightens the screw on mortgage loans that has contributed to their profits, financial industry insiders said Monday. The Moon Jae-in administration took a series of steps since taking office in May to tame real estate speculation. It placed nearly all major [...]
SEOUL, Oct. 27 (Korea Bizwire) – Speculation that the recently held 19th National Congress of China’s Communist Party would lead to a gradual easing of tensions between China and South Korea is building hope among local tourism and duty-free businesses. The relationship between the two neighboring countries turned icy after the installation of U.S. missile [...]
SEOUL, Oct. 26 (Korea Bizwire) — South Korea expressed its intention to bid in the upcoming nuclear reactor project in Saudi Arabia and discussed ways to expand cooperation in the energy sector in a bilateral business meeting, Seoul’s energy ministry said Thursday. Paik Un-gyu, South Korean minister of trade, industry and energy met with Adel [...]
SEOUL, Oct. 26 (Korea Bizwire) — The Japanese unit of Swiss food giant Nestlé on Thursday opened a flagship store for its chocolate brand KitKat in South Korea in response to growing popularity of the unique flavored chocolates developed in the neighboring country. The store, located at the Gangnam branch of Shinsegae Department Store in southern [...]
SEOUL, Oct. 25 (Korea Bizwire) — The amount of sin taxes levied on tobacco, liquor and gambling has risen dramatically in recent years due mainly to the sharp rise in dues levied on cigarettes, government data showed Wednesday. The government increased taxes on cigarettes by 2,000 won (US$1.70) per pack from Jan. 1, 2015, raising [...]
SEJONG, Sept. 29 (Korea Bizwire) — Purchases made through mobile devices in South Korea continued to break new records last month as a growing number of people spend more time with their handsets, government data showed Friday. Mobile transactions through smartphones and tablets reached an all-time high of 4.04 trillion won (US$3.5 billion) in August, [...]
SEOUL, Sept. 29 (Korea Bizwire) — South Korea’s icebreaker is on its way to the southern port of Busan after completing a 70-day international exploration mission in the Arctic Ocean, the oceans ministry said Thursday. The Araon, South Korea’s first ice breaking vessel, started its eighth mission to the North Pole on July 21 and [...]