SEOUL, Jan. 30 (Korea Bizwire) — South Korea’s exports of passenger cars rose 15 percent on-year in 2022 to reach a record high, data showed Monday, on the back of robust shipments of eco-friendly models. Carmakers shipped passenger cars worth a combined US$49 billion in 2022, up from $42.6 billion tallied a year earlier, according [...]
SEOUL, Jan. 29 (Korea Bizwire) — South Korean oil refiners’ exports hit a record-high level in 2022, data showed Sunday, on the back of soaring global energy prices amid the protracted war between Russia and Ukraine. The combined exports of local oil refiners reached US$57 billion in 2022, up 71.2 percent from a year earlier, [...]
SEOUL, Jan. 29 (Korea Bizwire) — South Korea’s imports of wine rose 3.8 percent in 2022 from a year earlier, data showed Sunday, as more people enjoyed consuming alcoholic beverages at home amid the COVID-19 pandemic. The total value of wine imported by South Korea last year came to US$581.2 million, according to the data [...]
SEOUL, Jan. 27 (Korea Bizwire) — The number of unmanned stores including selfie shops, and specialized stores like taphouses dramatically increased last year, a credit card issuer said Thursday. KB Kookmin Card Corp., a unit of South Korea’s banking giant KB Financial Group Inc., analyzed credit and debit card transaction data from its cardholders, which [...]
JINAN, Jan. 27 (Korea Bizwire) — Inverted icicles have formed in pools of freshly drawn water at Tapsa Temple in Mount Mai, located in the southwestern county of Jinan, North Jeolla Province. The mountain’s overall temperature dropped to minus 17 Celsius on Wednesday evening, creating reverse icicles in the pool. Icicles normally point downward. These [...]
SEOUL, Jan. 27 (Korea Bizwire) — South Koreans’ consumption of rice hit an all-time low in 2022 due mainly to changes in diet and eating habits, data showed Friday. The average South Korean consumed 56.7 kilograms of rice last year, down 0.4 percent, or 0.2 kilogram, from the previous year, according to the data compiled [...]
DAEJEON, Jan. 27 (Korea Bizwire) — A team of researchers at the Korea Advanced Institute of Science & Technology (KAIST) have made a breakthrough in the field of robotics, unveiling on Thursday a four-legged robot called Raibo that can walk quickly even on challenging terrain like sandy beaches. The research team developed technology that models [...]
SEOUL, Jan. 26 (Korea Bizwire) — South Korea’s imports of gas and coal hit an all-time high last year on surging global energy prices, data showed Thursday. The value of gas imports came to US$56.7 billion last year, the highest since 1956 when the government began compiling the related data, according to the Ministry of [...]
SEOUL, Jan. 26 (Korea Bizwire) — The recovery of the market for overseas travel last year was largely led by millennials and Generation Z, a South Korean travel agency said Wednesday. Hana Tour analyzed its international travel booking patterns, sorted by age group, which showed that travelers in their 20s and 30s accounted for 30 [...]
SEOUL, Jan. 26 (Korea Bizwire) — Department store chains and cosmetics firms are holding various makeup shows to attract customers as the indoor mask mandate soon to be lifted. Lotte Department Store announced that it will open up a pop-up store for Yves-Saint Laurent Beauty at its main branch in central Seoul until Sunday. On [...]