SEOUL, April 7 (Korea Bizwire) — Swimsuit and beachwear sales are soaring as an increasing number of people are planning to travel overseas after the government lifted its two-week mandatory quarantine policy for all travelers entering the country. Online shopping mall Auction reported a 337-percent increase in female water leggings sales between March 12 and [...]
SEOUL, April 7 (Korea Bizwire) — Foreign direct investment (FDI) pledges to South Korea jumped 14.9 percent in the first quarter from a year earlier to reach the highest first-quarter figure ever, data showed Thursday. The country received US$5.45 billion worth of FDI commitments in the January-March period, compared with $4.74 billion logged a year [...]
SEOUL, April 7 (Korea Bizwire) — South Korea’s domestic car sales hit a five-year low last year, but the average selling price of new models reached an all-time high, data showed Wednesday. Last year’s domestic auto sales amounted to 1,735,000 units, down 9 percent from a year ago and equivalent to 90 percent of the average [...]
SEOUL, April 6 (Korea Bizwire) — The booming art market in South Korea saw a surge in auction sales as of March. The Korea Arts Management Service reported that the total bidding price at 71 auctions led by 10 local auction houses during the first quarter of this year reached 78.5 billion won (US$64.4 million). [...]
SEOUL, April 6 (Korea Bizwire) — Hyundai Mobis Co., the auto parts making unit of Hyundai Motor Group. said Tuesday it will donate air-purifying plants grown by management staff to elementary schools as part of its ‘classroom forest’ project. The company plans to send 2,500 plants to 10 schools this year. In celebration of Arbor [...]
SEOUL, April 6 (Korea Bizwire) — A gaming OLED TV promotional video produced by LG Display Co., a major display panel maker in South Korea, is going viral in the online world. The company said Tuesday that three episodes of the ‘NO OLED NO GAME’ series, designed to promote the gaming performance of OLED TVs, [...]
SEOUL, April 5 (Korea Bizwire) — Koreans from all around the world are stepping up to help Ukrainian refugees who have fled from their homes following Russia’s invasion of their country. The Korean American Federation of Los Angeles and the Hwarang Youth Foundation sent US$500 as the first round of donations to each of the [...]
SEOUL, April 5 (Korea Bizwire) — The Rural Development Administration said Monday it will begin a pilot project to disseminate agricultural tech for low-carbon cultivation of crops at 10 locations across the country this year. The project comes as a part of the 2050 National Carbon Neutrality Scenario announced by the government last October. The [...]
SEOUL, April 5 (Korea Bizwire) — South Korean online banks’ household loans grew nearly 8 percent in the first three months of this year amid decreased lending by offline rivals, industry sources said Tuesday. Outstanding household lending by the three online banks — Kakao Bank, K-Bank and Toss Bank — came to 36.14 trillion won [...]
SEOUL, April 5 (Korea Bizwire) — Jet fuel consumption in South Korea tumbled to a 17-year low in 2021 in the wake of the coronavirus pandemic, data showed Tuesday. Jet fuel consumption in Asia’s fourth-largest economy came to 21.17 million barrels last year, down 2.6 percent from a year earlier, according to the data from [...]