SEOUL, May 30 (Korea Bizwire) — Demand for overseas travel is on the rise as the country’s nearly two-year-long mandatory quarantine for international travelers was lifted for fully vaccinated people. Mode Tour reported a 230-percent increase in the number of overseas travel package reservations between May 13 and 26 compared to the previous two weeks [...]
SEOUL, May 30 (Korea Bizwire) — South Korea’s food and beverage industry is releasing a new series of products made with “makgeolli,” a traditional grain-based alcoholic drink, for the summer season. Kooksoondang Brewery Co. on Wednesday is releasing a new makgeolli mixed with Lotte Chilsung Beverage Co.’s Chilsung Cider carbonated beverage. The product comes in [...]
SEOUL, May 30 (Korea Bizwire) — Retail sales in South Korea rose 10.6 percent on-year in April on the back of growing demand for fashion-related items and luxury goods amid eased antivirus curbs to support people’s return to normalcy, the industry ministry said Monday. The combined sales of 25 major offline and online retailers reached [...]
SEOUL, May 30 (Korea Bizwire) — The amount of electricity generated from renewable energy in South Korea touched an all-time high in 2021 on government efforts to cut greenhouse gas emissions, data showed Monday. Electricity produced from renewable energy sources came to 43,085 gigawatt hours last year, accounting for 7.5 percent of the country’s total [...]
SEOUL, May 29 (Korea Bizwire) — More than 170 employees from banks and other financial firms have embezzled more than a combined 100 billion won (US$79.62 million) over the past five years, but about a mere 11 percent has been retrieved, data showed Sunday. Calls have grown recently for financial firms and authorities to strengthen [...]
SEOUL, May 27 (Korea Bizwire) — Major card firm Hyundai Card Corp. said Friday its credit card users’ payments soared in April amid eased anti-virus restrictions. Hyundai Card said users spent a total of 8.69 trillion won (US$6.92 billion) for travel, flight, hotel and other reopening-related expenses last month, up 15 percent from a year [...]
SEOUL, May 27 (Korea Bizwire) — With Koreans scrambling to travel with the lifting of social distancing rules, the so-called ‘resort look’, a style of fashion suited for vacation, is gaining popularity. Shinsegae International Inc., the apparel arm of retail giant Shinsegae, proposed one-piece dresses, see-through and mesh clothing as upcoming fashion trends for the [...]
SEOUL, May 27 (Korea Bizwire) — The Korean Cultural Center in Vietnam said Thursday it had hosted its first Korean speaking competition to celebrate the 30th anniversary of South Korea-Vietnam relations this year. Among the participants were students from 27 universities, 12 King Sejong institutes and 11 middle and high schools in Vietnam. Under the [...]
SEOUL, May 27 (Korea Bizwire) — The number of the Reserve Officers’ Training Corps (ROTC) program applicants is declining at a rapid pace as the monthly wage of conscripted soldiers increases with their duration of military service becoming shorter. This year’s Army ROTC program applicants numbered 7,600, the second lowest behind only 2020 when the [...]
SEOUL, May 26 (Korea Bizwire) — Employment of wage workers in South Korea grew at a slower clip in the fourth quarter of 2021 compared with three months earlier amid the prolonged COVID-19 pandemic, data showed Thursday. The number of paid employee jobs came to 19.97 million in the fourth quarter, up 376,000, from a [...]