SEOUL, June 28 (Korea Bizwire) — Three out of 10 adults under the age of 50 live with their parents, instead of living independently, a state-run think tank said Tuesday, casting light on the spreading phenomena of late marriage and non-marriage in Korean society. According to a research report issued by the Korea Institute for [...]
SEOUL, June 28 (Korea Bizwire) — Retail sales in South Korea rose 10.1 percent on-year in May on the back of growing demand for fashion-related items and other services amid the government’s relaxation of COVID-19 curbs and the growth in people’s outdoor activities, the industry ministry said Tuesday. The combined sales of 25 major offline [...]
SEOUL, June 28 (Korea Bizwire) — The average cost of food for four-person households marked near double-digit growth in the first quarter of this year due to the hike in food prices resulting from Russia’s invasion of Ukraine and major countries’ export sanctions on Russia. According to data from Statistics Korea, the monthly cost of [...]
SEOUL, June 27 (Korea Bizwire) — Foreign Korean War veterans, currently visiting South Korea, have received a warm welcome from citizens. The Ministry of Patriots and Veterans Affairs invited veterans from nine countries who participated in the Korean War under the U.N. flag, along with some 60 family members, to tour Cheong Wa Dae in [...]
SEOUL, June 27 (Korea Bizwire) — A drone competition hosted by both public and private agencies took place in Yangju, north of Seoul last weekend. The Army’s Ground Operations Command (GOC) joined hands with the city government of Yangju to host the ‘drone-bot festival’ starting on Friday for three days at Ganapri Airport. The battalion-grade [...]
SEOUL, June 27 (Korea Bizwire) — Genesis House New York, a Hyundai Motor Co.’s brand cultural complex that opened in Meatpacking District, New York in November of last year, is gaining positive ratings from global media and interior design associations. Hyundai announced that the restaurant, cafe, library and event space recently won at the 49th [...]
SEOUL, June 27 (Korea Bizwire) — About 4 out of 10 companies in South Korea saw their raw material prices jump 20 percent or more this year amid fast-rising oil and commodity bills, a central bank survey showed Monday. According to the survey by the Bank of Korea on 570 firms, 40.3 percent said so, [...]
SEOUL, June 24 (Korea Bizwire) — Seven out of 10 South Koreans believe the government should only provide non-military aid to Ukraine, a survey showed Friday. In the survey of 1,000 people aged 18 or above conducted by Gallup Korea from Tuesday to Thursday, 72 percent said the government of President Yoon Suk-yeol should only [...]
SEOUL, June 24 (Korea Bizwire) — Methamphetamines and other illegal drug substances were found at all major sewage treatment plants in South Korea. The Ministry of Food and Drug Safety conducted a series of regular checks at the 27 major sewage treatment facilities from April 2021 to April 2022, which found methamphetamines in all of [...]
SEOUL, June 24 (Korea Bizwire) — A mudflat suffering from heavy visitor traffic is going on a ‘vacation’. The state-run Korea National Park Service said Thursday it would trial a new restoration program in a mudflat strip at Mongsanpo Beach in Taeanhaean National Park in Taean, about 150 kilometers south of Seoul, blocking the entry [...]