SEOUL, Dec. 1 (Korea Bizwire) — South Korea’s whisky imports spiked nearly 62 percent in the first 10 months of the year as more people drank at home amid the coronavirus pandemic, data showed Thursday. The value of imported whisky stood at US$218 million in the January-October period, up 61.8 percent from a year earlier, [...]
SEOUL, Dec. 1 (Korea Bizwire) — South Korean automakers saw their combined domestic electric vehicle (EV) sales surpass the 100,000 mark this year for the first time. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Korea Motors Co. and SsangYong Motor Co. — saw their combined EV sales reach [...]
SEOUL, Nov. 30 (Korea Bizwire) — Nicaragua has introduced taekwondo as one of the regular courses offered at some of the public schools in the country. The South Korean embassy in Nicaragua reported that the Nicaraguan Ministry of Education incorporated the South Korean martial art part of the regular curriculum at two public schools in [...]
SEOUL, Nov. 30 (Korea Bizwire) — CJ Cheiljedang Corp., an unit of South Korean food and entertainment giant CJ Group, said Tuesday that the official cheering sticks for the 2022 MAMA Awards, the K-pop industry’s biggest annual year-end music awards that open in Japan on Tuesday, were made from its Hetbahn cooked rice product containers. [...]
SEOUL, Nov. 30 (Korea Bizwire) — South Korea’s imports of camping and hiking equipment rose 2.5 percent on-year through October this year, data showed Wednesday, as more people enjoyed activities avoiding crowds amid the pandemic. The combined imports of leisure equipment, including camping and hiking gear, came to US$304 million in the January-October period, rising [...]
SEOUL, Nov. 30 (Korea Bizwire) — Large South Korean companies saw their third-quarter borrowing costs jump more than 40 percent from a year earlier due to rising interest rates, a corporate tracker said Wednesday. The combined interest cost of 268 out of the country’s top 500 firms by sales came to 6.2 trillion won (US$4.7 [...]
SEOUL, Nov. 30 (Korea Bizwire) — South Korea’s first prototype of the M2 Carbine infantry rifle, produced back in 1971, will be unveiled to the public through a special exhibition that will open on Wednesday at the War Memorial of Korea, a museum commemorating the 1950-53 Korean War. The exhibition will showcase 52 firearms that [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Koreans’ overseas card spending continued to grow in the third quarter as outbound travel spiked bolstered by eased pandemic 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$3.81 billion in the July-September [...]
SEOUL, Nov. 29 (Korea Bizwire) — Retail sales in South Korea grew 7.3 percent on-year in October, as people’s outdoor activities and demand for various services grew amid eased antivirus curbs, data showed Tuesday. The combined sales of 25 major offline and online retailers came to 14.66 trillion won (US$10.95 billion) last month, compared with [...]
SEOUL, Nov. 29 (Korea Bizwire) — A string of premium hotels in Seoul is rolling out a series of cakes in preparation for the upcoming Christmas and end-of-year season. The Grand InterContinental Seoul Parnas’ Grand Deli released 11 new cakes inspired by winter fairy tales. Of the 11, five cakes will be introduced as special [...]