SEOUL, April 10 (Korea Bizwire) — The Incheon Metropolitan City Government announced that it will hold a marathon for people and their pets at the Songdo Moonlight Festival Park in October. The marathon will see both pets and their owners run a 6-kilometer course together. The marathon will accept some 10,000 participants. The entry price [...]
SEOUL, April 10 (Korea Bizwire) — South Korean convenience store chains are continuing discount promotions for popular alcoholic beverages, including whisky and wine. CU sold 1,600 bottles of some 30 popular whiskies and wines at 30 stores in the Seoul region last weekend at a discount rate of up to 30 percent. Balvenie 12-Year-Old Double [...]
SEOUL, April 10 (Korea Bizwire) — Foreign investors turned net sellers of South Korean stocks in March amid the collapses of Silicon Valley Bank in the United States and the global bank Credit Suisse, central bank data showed Monday. Offshore investors sold a net US$1.73 billion worth of local stocks last month, a turnaround from [...]
JEJU, April 10 (Korea Bizwire) — On March 10th, the Nexon Computer Museum announced its upcoming large-scale artwork exhibition, “Hello, REAL World!” The exhibition is set to celebrate the museum’s 10th anniversary and the 20th anniversary of the popular online game, MapleStory. The exhibition features five beloved MapleStory characters – Pink Bean, Yeti, Slime, Stone [...]
SEOUL, April 10 (Korea Bizwire) — More than half of major listed firms in South Korea saw their financial soundness worsen in 2022 amid high global interest rates and inflation, data showed Monday. The debt-to-equity ratio of 56 out of the 106 listed companies belonging to the country’s top 10 business groups increased last year [...]
SEOUL, April 9 (Korea Bizwire) — South Korea’s superrich had an average of 32.3 billion won (US$24.5 million) of assets last year, and their yearly income came to about 1.23 billion won, a report showed Sunday. The Hana Institute for Finance, affiliated with major lender Hana Bank, defined the superrich in its report as those [...]
SEOUL, April 9 (Korea Bizwire) — South Korea’s exports of instant noodles jumped 14.3 percent on-year in the first three months of 2023 to reach the highest figure for any first quarter ever amid the growing popularity of the Korean culture, data showed Sunday. The country exported US$208 million worth of instant noodles, or “ramyeon” [...]
SEOUL, April 9 (Korea Bizwire) — Nearly half of single-member households were in the poor class and the proportion among senior citizens came to nearly 70 percent, a report showed Sunday. The relative poverty rate of one-person households came to 47.2 percent in 2020, compared with 15.3 percent for all households, according to the report [...]
SEOUL, April 7 (Korea Bizwire) — The number of teenage drug offenders more than octupled in South Korea last year compared with about a decade earlier, a minor opposition party said Friday. Teenagers apprehended for using drugs totaled 481 last year, jumping more than eight times from 58 in 2013, the Justice Party said, citing [...]
SEOUL, April 7 (Korea Bizwire) — The U.S. city of Irvine, California has designated September 4 as Taekwondo Day, local Korean media said. Korean-American Irvine Vice-Mayor Tammy Kim delivered a frame carrying the Taekwondo Day resolution to Grandmaster Lee Dong-seop, head of Kukkiwon, at Irvine City Hall on Tuesday (local time). The city will hold [...]