SEOUL, June 20 (Korea Bizwire) — South Korea’s overseas direct investment dipped 41.6 percent in the first quarter of 2023 from a year earlier, data showed Tuesday, led by the manufacturing and property sectors. The value of overseas investments by South Korean companies reached US$16.49 billion, down 41.6 percent from a year earlier, according to [...]
SEOUL, June 20 (Korea Bizwire) — The Seoul Metropolitan Government said Monday it will operate outdoor swimming pools along the Han River during the summer season, starting this Friday and continuing until Aug. 20. Three outdoor swimming pools in the Ttukseom, Gwangnaru and Yeouido areas, and two swimming areas in the Nanji and Yanghwa districts [...]
SEOUL, June 19 (Korea Bizwire) —Seoul, Gyeonggi, and other central regions were placed under heat advisories on Monday due to the intense midday heat. Individuals spending time outdoors are actively seeking shaded areas to cool off, and the presence of parasol shades has become vital infrastructure throughout the country, offering significant assistance. The large parasols [...]
SEOUL, June 19 (Korea Bizwire) — Small boats can now enjoy streaming video from platforms like YouTube and Netflix, thanks to the availability of satellite antennas designed specifically for them. In the past, communication on small ships required bulky and heavy satellite antennas. However, a new ultra-compact antenna has been introduced to replace them. SK [...]
SEOUL, June 19 (Korea Bizwire) — With convenience becoming the new trend, services that offer fruit and vegetable preparation are gaining popularity. At “The Hyundai Seoul” operated by Hyundai Department Store, approximately 200 customers visit each day to have the fruits and vegetables they purchased cut into their preferred shapes and sizes. Customers may need [...]
SEOUL, June 19 (Korea Bizwire) — South Korean imports of Japanese seafood sank more than 30 percent last month, data showed Monday, amid concerns over Tokyo’s planned release of contaminated water from its crippled nuclear power plant. South Korea imported 2,129 tons of fishery products from the neighboring country in May, down 30.6 percent from [...]
SEOUL, June 18 (Korea Bizwire) — The number of chargers for electric vehicles in South Korea has surpassed 240,000, data showed Sunday, amid the growing popularity of eco-friendly cars in the country. Fast chargers accounted for 10.6 percent of the 240,695 installed electric vehicle charging stations in South Korea, Rep. Park Sang-hyunk of the main [...]
SEOUL, June 18 (Korea Bizwire) — South Koreans’ combined purchase of the Japanese currency at local banks jumped nearly fivefold in May from a year earlier, data showed Sunday, as more people took advantage of a weaker yen. The amount of Japanese currency sold at the country’s four major banks came to 30.16 billion yen [...]
GWANGJU, June 16 (Korea Bizwire) — The Toechon Tomato Festival, which is one of the prominent festivals in Gwangju, Gyeonggi Province, made a comeback after a four-year hiatus. Spanning three days from Friday to Saturday, the festival offers unique attractions such as a captivating tomato juice making performance, an engaging tomato pot making experience, a [...]
SEOUL, June 16 (Korea Bizwire) — A ceremony to award the Ambassador for Peace Medal took place on Wednesday (local time) at City Hall in San Francisco. The medal is given by the Ministry of Patriots and Veteran Affairs as a token of appreciation from the Korean government and people to Korean War heroes. Yoon [...]