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GS Retail to Introduce Forex Kiosks at Convenience Stores and Supermarkets

GS Retail to Introduce Forex Kiosks at Convenience Stores and Supermarkets

SEOUL, Jan. 3 (Korea Bizwire) — GS Retail Co. said Monday it will be installing foreign currency exchange kiosks at stores that are part of its convenience store chain GS25 and supermarket unit GS The Fresh. The forex kiosks will be operated on a trial basis at about 10 stores run by the company. The [...]

Exports of Agro-fisheries Products Hit Record High in 2022

Exports of Agro-fisheries Products Hit Record High in 2022

SEOUL, Jan. 2 (Korea Bizwire) — South Korea’s exports of farm and fisheries products reached an all-time high last year, surpassing the US$10 billion mark for the second consecutive year, data showed Monday. Outbound shipments of agricultural and fisheries goods rose 5.45 percent on-year to come to a record high of $11.98 billion in 2022, [...]

Seogwipo Swimming Festival Returns After 3-year Hiatus

Seogwipo Swimming Festival Returns After 3-year Hiatus

SEOGWIPO, Jan. 2 (Korea Bizwire) — The 24th Seogwipo Winter Sea International Swimming Festival was held on Sunday at Jungmun Saekdal Beach in the city of Seogwipo on Jeju Island. The festival returned after three-year hiatus resulting from the COVID-19 pandemic. Hundreds of residents, tourists and foreigners gathered together on the sandy beach and jumped [...]

Banks’ Household Lending Rate Rises to Highest in Over 10 yrs in Nov.

Banks’ Household Lending Rate Rises to Highest in Over 10 yrs in Nov.

SEOUL, Dec. 31 (Korea Bizwire) — Banks’ rates charged on new household loans in November hit the highest level in over a decade, affected by the central bank’s aggressive rate increases to tame inflation, data showed Friday. Banks’ household lending rate applied to new loans last month stood at 5.57 percent per annum on average, [...]

Descendants of Korean War Veterans from Ethiopia to Serve ‘Peace’ Coffee in S. Korea

Descendants of Korean War Veterans from Ethiopia to Serve ‘Peace’ Coffee in S. Korea

HWACHEON, Dec. 30 (Korea Bizwire) – The descendants of Ethiopian veterans who fought in the Korean War are coming to South Korea to introduce coffee from the world’s largest coffee-producing country. Gangwon Province’s Hwacheon County announced Thursday that an Ethiopia promotional hall and cafe will be set up at the Hwacheon Mountain Trout Festival from Jan. 7-29 [...]

Military Scrambles Fighter Jets to Intercept Balloons, Flocks of Birds After N. Korea’s Drone Infiltration

Military Scrambles Fighter Jets to Intercept Balloons, Flocks of Birds After N. Korea’s Drone Infiltration

SEOUL, Dec. 30 (Korea Bizwire) — The South Korean military deployed fighter jets in recent days in response to radar sightings of unidentified objects wrongly assumed to be drones from North Korea. On Wednesday morning, an unknown object was detected by radar, with the military scrambling fighter jets on standby to Incheon and northern Gyeonggi [...]

Travel to Japan Booms on Visa-free Entry, Yen’s Weakness

Travel to Japan Booms on Visa-free Entry, Yen’s Weakness

SEOUL, Dec. 30 (Korea Bizwire) — Travel demand to Japan has exploded in South Korea amid a weak yen and Japan’s easing of virus restrictions, industry data showed Friday. Japan resumed visa-free entry of international travelers in early October, after two years of strict border control to contain the spread of the coronavirus. The Japanese [...]