SEOUL, June 17 (Korea Bizwire) — South Korea’s overseas direct investment more than doubled on-year in the first quarter of this year amid an economic recovery from the COVID-19 pandemic, the finance ministry said Friday. The value of investments made overseas by South Korean companies reached US$25.4 billion in the January-March period, up from $11.34 [...]
SEOUL, June 17 (Korea Bizwire) — South Korea’s oldest apartment building in Seoul will be demolished. The Seoul Metropolitan Government announced that such a plan was resolved at the meeting of the urban planning committee held on Wednesday. The Chungjeong Apartment in Seodaemun District is the nation’s oldest apartment building, and was built in 1937 [...]
SEOUL, June 16 (Korea Bizwire) — South Korean Army’s 35th Infantry Division on Wednesday invited families to a ceremony for the completion of Army recruits’ basic military training, for the first time in two years and five months following the onset of the coronavirus pandemic. Family members filled in the hall at a boot camp [...]
SEOUL, June 16 (Korea Bizwire) – The number of adolescents treated for gambling addiction spiked last year as they spent more time at home due to the coronavirus pandemic, data showed Thursday. Rep. Kim Do-eup of the ruling People Power Party released the statistics from the state-run Health Insurance Review and Assessment Service that showed [...]
SEOUL, June 16 (Korea Bizwire) — The Cultural Heritage Administration (CHA) announced that it will provide a free commentary program in Spanish at Gyeongbok Palace, one of the four royal palaces in Seoul, starting on Friday. Spanish guide programs will be held at 10:30 a.m. and 3:00 p.m. on Fridays and Saturdays. Anyone who wishes [...]
SEOUL, June 16 (Korea Bizwire) – Local businesses saw their first-quarter sales continue to rise but at a slower pace than three months earlier amid growing economic uncertainty at home and abroad, central bank data showed Thursday. A total of 20,120 corporations subject to external audits posted a 17 percent rise in their combined sales [...]
SEOUL, June 16 (Korea Bizwire) — The New York Mets, a Major League Baseball (MLB) team, unveiled plans to renovate their ballpark on Tuesday (local time), with Samsung Electronics Co. playing a key role. As part of the team’s Samsung Tech Summit event at Citi Field in New York, officials briefed the public about the [...]
SEOUL, June 15 (Korea Bizwire) — South Korea’s car exports rose 19.1 percent in May from the previous year on the back of global popularity of eco-friendly cars, data showed Wednesday. Outbound shipments of automobiles stood at 182,869 units last month, compared with 150,894 units a year earlier, according to the data from the Ministry [...]
SEOUL, June 15 (Korea Bizwire) — South Korea reported job additions for the 15th consecutive month in May as economic recovery momentum has been extended despite heightened global uncertainty, data showed Wednesday. The number of employed people came to 28.49 million last month, up 935,000 from a year earlier, according to the data compiled by [...]
SEOUL, June 15 (Korea Bizwire) — A foreign YouTuber revealed test results of folding Samsung Electronics Co.’s foldable smartphone Galaxy Z Flip3 thousands of times under harsh conditions. Polish tech YouTuber ‘Mrkeybrd’ carried out a test in which a Galaxy Z Flip3 was folded and opened thousands of times on a live broadcast last week. [...]