SEOUL, Feb. 16 (Korea Bizwire) — The Songpa District Office in Seoul said Tuesday that it had joined hands with startup Olulo, the operator of the electric scooters sharing service Kickgoing, to create new jobs for its elderly residents. After signing a business agreement with Olulo in December last year, the district office decided to [...]
SEOUL, Feb. 15 (Korea Bizwire) — A number of innovative curators across Korea are turning shipping containers into art galleries. At the recently opened Dalha Gallery, the front side of a shipping container has been turned into a show window. To promote culture in the local community, the container gallery was set up to allow [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korea’s automobile exports fell more than 6 percent in January from a year earlier due to a global shortage of automotive chips and a high base effect, data showed Tuesday. Outbound shipments of automobiles came to 179,709 units last month, down 6.4 percent from the previous year, according [...]
SEOUL, Feb. 15 (Korea Bizwire) — Dividend payouts by South Korea’s major listed firms fell more than 14 percent in 2021, but seven paid out more than 1 trillion won (US$835 million), a corporate tracker said Tuesday. The combined amount of dividends by 53 companies, including top-cap Samsung Electronics Co., stood at 28.55 trillion won [...]
BUSAN, Feb. 15 (Korea Bizwire) — The Busan metropolitan government plans to operate an amphibious bus from July. The city government announced that the amphibious bus will depart from Centum Marina Park in Haeundae District and tour around Suyoung River and Gwangalli Beach Road. The 45-seat bus will be 12 meters long, with a width [...]
SEOUL, Feb. 14 (Korea Bizwire) — Butter and milk-free ‘vegan chocolate’ that contains no animal products is gaining attention this Valentine’s Day. Makers of plant-based vegan chocolate, which is known to be less sweet than ordinary chocolate, are adding new ingredients such as oats, black beans, and chickpeas to overcome the bitter taste. Consumers who [...]
SEOUL, Feb. 14 (Korea Bizwire) — Wigs made with generous hair donations are giving hope to children suffering from cancer in South Korea. The country has been seeing approximately 1,600 children diagnosed with cancer each year, most of whom suffer from hair loss during the course of chemotherapy. Antibiotic wigs, which are readily available, are [...]
SEOUL, Feb. 14 (Korea Bizwire) — With sales of high-end imported cars increasing last year, Seoul’s Jung District has surpassed the affluent Gangnam District, and now has the highest proportion of registered imported cars. The Ministry of Land, Infrastructure and Transport reported that the number of imported cars registered in Jung District reached 23,578 vehicles [...]
SEOUL, Feb. 14 (Korea Bizwire) — Foreign investors turned net sellers of South Korean stocks in January, but their net investment in local bonds continued to expand, data showed Monday. Foreigners sold a net 1.68 trillion won (US$1.4 billion) worth of local stocks last month, compared with their net purchase of 4.36 trillion won in [...]
SEOUL, Feb. 14 (Korea Bizwire) — Four financial holding firms in South Korea saw their interest income surge nearly 15 percent in 2021 thanks to rising lending rates, industry data showed Monday. The combined interest income of the four holding companies — KB Financial Group Inc., Shinhan Financial Group Co., Hana Financial Group Inc. and [...]