INCHEON, Aug. 12 (Korea Bizwire) – The Tour de DMZ, an international road cycling competition, is returning after three-year hiatus brought on by the COVID-19 pandemic. The city of Incheon announced Thursday that the competition, which will take place in areas adjacent to the Demilitarized Zone (DMZ), will be held from Aug. 26 to 30. [...]
SEOUL, Aug. 12 (Korea Bizwire) — Heavily-discounted fried chicken buckets released by discount store chains are gaining rising popularity in South Korea amid sky-high inflation. Discount store chain Homeplus started selling 30 to 50 buckets of fried chicken a day at each store from June 30. As of Wednesday, the company had already sold more [...]
SEOUL, Aug. 11 (Korea Bizwire) — The King Sejong Institute, a state-run Korean language education center, opened its second school in Mexico on Tuesday (local time) in response to rising demand for Korean language education amidst the Korean wave. The Korean Cultural Center in Mexico held an opening ceremony for the new King Sejong Institute [...]
DAEJEON, Aug. 11 (Korea Bizwire) — The most popular trees among South Koreans are pine trees, a survey showed Wednesday. The National Institute of Forest Science surveyed 1,200 citizens and 290 experts, in which 37.9 percent of the citizens and 39.3 percent of the experts picked pine trees as their favorite. Pine trees were followed [...]
SEOUL, Aug. 11 (Korea Bizwire) – Teenagers regard one’s ability as the most important criterion for distributing rewards, a study indicated Thursday. The report published by the Korea Educational Development Institute surveyed about 500 students from a total of three middle and high schools about their perception of fair distribution. They were presented with various [...]
SEOUL, Aug. 11 (Korea Bizwire) — Foreign investors became net buyers of South Korean stocks for the first time in six months in July on expectations that the Federal Reserve may slow the pace of monetary tightening, central bank data showed Thursday. Foreigners’ stock investment funds recorded a net inflow of US$160 million in July, [...]
SEOUL, Aug. 11 (Korea Bizwire) — Per-team caddie fees at South Korean public golf courses rose sharply over the past 10 years, a civic group said Wednesday. According to the Golf Consumer Agency of Korea, domestic public golf courses’ per-team caddie fees rose to 138,500 won (US$106) in August, up 39.5 percent from 99,300 won [...]
SEOUL, Aug. 10 (Korea Bizwire) — Torrential rain triggered flash floods in the Seoul region on Monday that caused extensive damage, with some people deciding to ‘stop fighting’ the rain. Seoul’s Seocho District, located south of the Han River that bisects the city, sustained the most damage during the downpour. Cars were trapped in the [...]
SEOUL, Aug. 10 (Korea Bizwire) — South Korea’s department store operators are competing to attract customers in their 20s and 30s for dessert, appealing to their need to take photos for social media. Shinsegae Department Store opened up the new Cafe Layered, a British-themed bakery, at its Centum City outlet in Busan. The company’s Gangnam [...]
SEOUL, Aug. 10 (Korea Bizwire) — South Korea reported job additions for the 17th straight month in July, but the pace of job growth slowed from the previous month amid heightened economic uncertainty, data showed Wednesday. The number of employed people came to 28.48 million last month, up 826,000 from a year earlier, according to [...]