SEOUL, April 3 (Korea Bizwire) — Online shopping in South Korea rose 7.5 percent on-year in February on the back of the surge in demand for travel services on growing outdoor activities following eased COVID-19 restrictions, data showed Monday. The value of online shopping transactions amounted to 16.94 trillion won (US$12.85 billion) last month, compared [...]
SEOUL, April 2 (Korea Bizwire) — South Korean exporting companies saved 6.6 trillion won (US$5.8 billion) due to lower tariffs in 2021 thanks to the country’s free trade agreements (FTAs) with six major economies, including the United States and the European Union, government data showed Sunday. According to the trade data compiled by the Ministry [...]
SEOUL, March 31 (Korea Bizwire) — The National Institute of Ecology on Friday held a ceremony for the third anniversary of Endangered Species Day at Seoul Zoo in Gwacheon, south of Seoul. Endangered Species Day was first proclaimed in 2021 in remembrance of April 1, 1987, when South Korea designated its first endangered species. In [...]
SEOUL, March 31 (Korea Bizwire) — A large-scale artwork with an inscribed depiction of the Bible has been built in a cemetery in Yangpyeong County, Gyeonggi Province. The artwork, made with stainless steel, is 83 meters wide and 7.7 meters high, with an inscription of 1,753 pages or 1.5 million letters of the Bible. The [...]
JEJU, March 31 (Korea Bizwire) — A growing number of seniors over 60, city dwellers and high income earners prefer a monthlong stay on Jeju Island, according to recent data. The Jeju Tourism Organization estimated that as many as 9.3 million people visited the island during the period from August 2021 to July 2022, based [...]
JEJU, March 30 (Korea Bizwire) — A new coastal bridge has been built at Wimi Port, located on the southern coast of Jeju Island looking out over the South Sea. The Jeju provincial government said Wednesday it had completed the construction of a new pedestrian bridge at Wimi Port, located along Jeju’s Olle Trail 5. [...]
SEOUL, March 30 (Korea Bizwire) — POSCO DX Co., a unit of South Korea’s leading steelmaker POSCO, said Wednesday it would develop a roadkill prevention system for wild animals that incorporates artificial intelligence (AI) technology in tandem with the Korea National Park Service. The company, formerly POSCO ICT Co., will set up LiDAR sensors around [...]
SEOUL, March 30 (Korea Bizwire) — Rice production costs in South Korea rose 9.3 percent on-year in 2022 due mainly to soaring prices of fertilizers, causing net profit from rice farming to sink nearly 40 percent, data showed Thursday. Farmers spent 31,631 won (US$24.24) to produce 20 kilograms of rice last year, up 2,689 won [...]
SEOUL, March 30 (Korea Bizwire) — South Korea’s exports of instant noodles reached an all-time high in 2022, boosted by the global popularity of Korean food and culture, data showed Thursday. The country exported US$862 million worth of noodles, including instant noodles, or “ramyeon” in Korean, and udon noodles, last year, up 12 percent from [...]
SEOUL, March 30 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it will showcase a new interactive display and a whiteboard app during its participation in the British Educational Training and Technology Show scheduled to be held in London. The newly-released WAV 2023 version makes use of Android OS, enabling teachers and students to be [...]