POHANG, Jan. 3 (Korea Bizwire) — South Korea’s Marine Corps opened 2023 with vigorous training to strengthen their capability of mission completion and combat readiness. The 1st Marine Division on Monday performed a variety of training exercises around its stronghold in the southeastern city of Pohang despite the cold weather. Amid freezing sea wind and [...]
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 [...]
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, 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 [...]
HWACHEON, Jan. 2 (Korea Bizwire) — An “indoor square of ice sculptures” opened on Saturday in Hwacheon, Gangwon Province with a week remaining before the opening of the Hwacheon Sancheoneo Ice Festival, one of the most popular winter festivals in South Korea. In January this year, nearly 20,000 fishing holes were pierced through the ice [...]
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, [...]
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 [...]
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 [...]
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 [...]
SEOUL, Dec. 30 (Korea Bizwire) — Samsung Electronics Co. announced Thursday a plan to showcase artworks using its lifestyle TV The Frame at the 2022 Union Art Fair, which is currently being held at Seoul Auction’s Gangnam Center in Seoul. This year marks the seventh anniversary of the Union Art Fair, which is a direct [...]