SEOUL, Aug. 4 (Korea Bizwire) — The Ministry of Culture, Sports and Tourism and the Korea Creative Content Agency jointly announced on Wednesday that they will unveil a string of new initiatives as part of the project to fill the area of Gwanghwamun in central Seoul with a variety of immersive content. “Tiger,” an immersive [...]
SEOUL, Aug. 3 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 12 percent last month from a year earlier as the chip shortage continued to affect vehicle production, an industry association said Wednesday. The number of newly registered foreign vehicles stood at 21,423 units last month, down from 24,423 units a year [...]
SEOUL, Aug. 3 (Korea Bizwire) — The combined workforce of large South Korean companies expanded 1.5 percent in the first half of the year from a year earlier amid eased COVID-19 restrictions, a corporate tracker said Wednesday. The number of workers hired by 459 out of the country’s top 500 firms by sales totaled 1.55 [...]
SEOUL, Aug. 3 (Korea Bizwire) — Soaring consumer prices, a resurgence in the number of COVID-19 cases being reported, and scorching weather are prompting more young South Koreans in their 20s and 30s to postpone their summer vacation. “I saved up 10 vacation days. I’m thinking of going on a trip to Europe in the [...]
SEOUL, Aug. 3 (Korea Bizwire) — Amid the scorching summer heat, there are an increasing number of people looking for so-called “opposite-season” apparel like padded and fur coats. Shinsegae Department Store opened up a premium pop-up store for padded coats that cost more than 1 million won (US$760) each in Hanam branch on July 15. [...]
SEOUL, Aug. 2 (Korea Bizwire) — South Korea’s electricity consumption reached a record monthly high last month, as the country was gripped by a sweltering heat wave, the power operator said Tuesday. The country’s average maximum power consumption came to 82,007 megawatts (MW) in July, up 1 percent from a year earlier, according to the [...]
SEOUL, Aug. 2 (Korea Bizwire) — Coffee consumers were most satisfied with Starbucks Korea among all cafe franchises in the country, a poll showed Monday. The Korea Consumer Agency conducted a survey of 1,400 consumers over 20 years of age who had visited a coffee shop in the previous three months, with Starbucks receiving the [...]
SEOUL, Aug. 2 (Korea Bizwire) — As the COVID-19 pandemic continues to rage on, cold medicines are seeing an unexpected sales boost. Yuhan Corp.’s Cough Syrup and Cough Tabs reached 7.35 billion won (US$5.62 million) in sales for this year’s second quarter, up by 154.2 percent from last year. The sales of the two products [...]
SEOUL, Aug. 1 (Korea Bizwire) – The number of foreign travelers to South Korea in June tripled compared to the previous year, thanks to more lenient quarantine restrictions. The Korea Tourism Organization reported that 227,713 foreigners visited South Korea in June, up by 195.6 percent from the previous year. Sorted by nationality, 55,444 tourists were [...]
SEOUL, Aug. 1 (Korea Bizwire) — Hyundai Motor Co. held a special event during a K League 1 match at Jeonju World Cup Stadium between Jeonbuk Hyundai Motors and Jeju United on Saturday, in which players entered the arena with canine blood donors. It was the first time for players at a South Korean football [...]