SEOUL, March 2 (Korea Bizwire) — The value of foreign securities held by South Korean institutions fell in 2022 due to losses from heightened global market volatility, data showed Thursday. The outstanding amount of foreign securities held by institutional investors is estimated at US$365.29 billion as of the end of December, down from the previous [...]
SEOUL, March 2 (Korea Bizwire) — Triangle kimbap (samgak kimbap) wrappers featuring Son Heung-min and his Tottenham teammates have been the talk of several online communities recently. However, some interpretations have emerged that the “presence” of Son disappearing from the wrapper is a good representation of his current situation, particularly since he has experienced the [...]
SEOUL, March 2 (Korea Bizwire) — Samsung Electronics Co. will begin adding its company logo to smartphones and other mobile devices sold in Japan. Samsung Japan recently changed the name of its mobile brand in Japan from “Galaxy” to “Samsung.” The name of its official website, too, changed from “Galaxy Mobile Japan” to “Samsung Japan.” [...]
SEOUL, March 2 (Korea Bizwire) — GS25, the convenience store chain run by GS Retail Co., has reintroduced the “Kim Hye-ja” lunchbox six years after production ceased. The low-priced lunchbox was originally promoted by actress Kim Hye-ja, spearheading the lunchbox boom at South Korean convenience stores. Since it was released in September 2010, 40 different [...]
SEOUL, March 1 (Korea Bizwire) — The scenery of Korean national flags flying outside every home on March 1 Independence Movement Day is now a thing of the past. A majority of newly built apartment complexes are choosing not to install flag poles on the exterior because it hurts the overall design of the building. [...]
SEOUL, March 1 (Korea Bizwire) — Seo Kyung-deok, a publicist and professor at Sungshin Women’s University, has released a video about the life of Albert Wilder Taylor (1875-1948). Albert Taylor was an American businessman and journalist responsible for telling the world about the March 1st Independence Movement and Korean efforts to gain independence from Japanese [...]
SEOUL, March 1 (Korea Bizwire) — The Ministry of Culture, Sports and Tourism and the Korea Tourism Organization said Tuesday they have designated five cities as those specializing in night tours through public competition. Busan and Daejeon were designated as international attraction cities and Gangneung (Gangwon Province), Jeonju (North Jeolla Province) and Jinju (South Gyeongsang [...]
SEOUL, Feb. 28 (Korea Bizwire) — Despite the ongoing dispute between South Korea and Japan, the number of Koreans traveling to Japan is increasing, government data showed Monday. When the Japanese government reopened its borders last October, some 123,000 Koreans reportedly visited Japan that month, according to the Korea Tourism Organization. The number gradually climbed [...]
SEOUL, Feb. 28 (Korea Bizwire) — The average monthly salary of wage earners in South Korea rose 4.1 percent on-year in 2021, data showed Tuesday, on the back of higher salaries in the finance and energy industries. Wage earners in Asia’s fourth-largest economy took home a monthly average of 3.3 million won (US$2,669) in December [...]
SEOUL, Feb. 28 (Korea Bizwire) — South Koreans’ overseas card spending swelled nearly 19 percent in 2022 on the back of eased COVID-19 curbs, central bank data showed Tuesday. The amount of money spent overseas by South Koreans with cards, including credit and debit cards, came to US$14.54 billion last year, up 18.9 percent from [...]