SEOUL, Aug. 23 (Korea Bizwire) — The amount of foreign securities held by major South Korean institutions fell for the first time in more than three years in the second quarter due to a drop in holdings of foreign currency-denominated bonds, central bank data showed Thursday. As of the end of June, the value of [...]
SEJONG, Aug. 22 (Korea Bizwire) — The number of newborns in South Korea fell again in June, government data showed Wednesday, in the latest sign of the chronically-low birthrate that has plagued Asia’s fourth-largest economy for more than a decade. About 26,400 babies were born in June, down 8.7 percent from 28,900 tallied a year [...]
SEOUL, Aug. 14 (Korea Bizwire) — U.S. online travel company Expedia Group Inc. said Tuesday it will closely review feedback from customers in South Korea, one of the most wired countries in the world, to better accommodate the increasing number of travelers using mobile transactions globally. According to the company, more than 50 percent of [...]
SEOUL, Aug. 8 (Korea Bizwire) — A group of BMW owners will file a complaint with police this week seeking a criminal investigation into top officials at the local unit of the German carmaker over a recent series of fires in vehicles, a law firm representing the plaintiffs said Wednesday. Barun Law LLC said it [...]
SEOUL, Aug. 6 (Korea Bizwire) — Long-running boy band g.o.d will celebrate the 20th anniversary of their debut next year with a series of celebratory projects, including the release of a new album, their management agency said Monday. The quintet debuted in 1999 and became a household name in the K-pop scene in the early [...]
SEOUL, Jun. 23 (Korea Bizwire) — Novel Alzheimer’s disease (AD) medication developed by Megabiowood research team is planning for phase I clinical trial in next year. The novel medication is appraised to have high commercial possibilities as its aspects which shows non-cytotoxicity and superior absorbency that solves not only the symptoms but also the cause [...]
SEOUL, Jun. 18 (Korea Bizwire) — Over 22,000 bed mattresses found to emit radiation levels above safety standards have been collected nationwide over the weekend, the country’s post office said Monday. Some 30,000 employees and 3,200 vehicles were mobilized to collect 22,298 mattresses produced by Daijin Bed Co. on Saturday and Sunday, according to Korea [...]
DAEGU, May 17 (Korea Bizwire) — The Agricultural Technology Center in Daegu will be holding a food festival where food free samples will be offered at the center’s hall in Bangchon-dong, Dong-gu at 2 p.m. So, what’s the catch? The food will be made from edible insects. This is due to the Agricultural Technology Center’s [...]
GURYE, May 14 (Korea Bizwire) — The second Korean “Oxfam Trailwalker” took place on Saturday at Gurye Natural Dream Park in Gurye County. The event consisted of four-person teams that journeyed on a 100-kilometer walk for 38 hours. The origin of the walk stemming from Hong Kong in 1981, its primary aim is for charity [...]
SEOUL, May 3 (Korea Bizwire) – South Korean retailers are basking in brisk sales of traditional alcoholic beverages after two famous brands were served at the dinner for last month’s historic summit, industry sources said Thursday. The leaders of South and North Korea enjoyed the two alcoholic drinks — “munbaeju,” a distilled liquor that originated [...]