SEOUL, Jan. 18 (Korea Bizwire) — South Korea’s auto exports rose 8.6 percent on-year in 2021 on the back of the growing popularity of local brands in the global market and solid demand for eco-friendly vehicles, the industry ministry said Tuesday. Outbound shipment of vehicles reached 2.05 million units last year, compared with 1.89 million [...]
SEOUL, Jan. 18 (Korea Bizwire) — South Korean adults and students both spent less time reading books last year, a survey showed Monday. The survey on the reading habits of South Koreans conducted by the Ministry of Culture, Sports and Tourism showed that adults read an annual average of 4.5 books over the past year [...]
SEOUL, Jan. 17 (Korea Bizwire) — South Korea’s indigenous fighter jet KF-21 and K-9 artillery guns will be made available in the commercial market as brick-assembled toys. The Defense Acquisition Program Administration (DAPA) joined hands with local toy maker Oxford Co. to release miniature models of the KF-21, also known as the Boramae, within the [...]
SEOUL, Jan. 17 (Korea Bizwire) — South Korea’s leading cinema chain CJ CGV is introducing a sports climbing gym at CGV Piccadilly 1958 located in Seoul’s Jongno District. The movie theater is being remodeled into a sports facility to cater to the demand for health and diversification of the multiplex industry in the pandemic era. [...]
SEOUL, Jan. 17 (Korea Bizwire) — The Korea International Cooperation Agency (KOICA), South Korea’s overseas aid agency, has signed an agreement with the East Timorese Ministry of Finance to improve the health and nutritional consumption of local youth by introducing a basic health and cafeteria system at schools. Schools in East Timor struggle with a [...]
SEOUL, Jan. 16 (Korea Bizwire) — Four out of 10 self-employed people in South Korea are considering closing their businesses due to sluggish sales amid the long-enforced strict social distancing rules during the coronavirus pandemic, a survey showed Sunday. According to the survey of 500 people operating restaurants, retail and other service businesses by the [...]
SEOUL, Jan. 14 (Korea Bizwire) — South Koreans have become the world’s 4th largest spenders on smartphone apps, data showed Thursday. Industry tracker App Annie reported that mobile consumers worldwide spent US$170 billion on mobile apps last year, which was 19 percent more than the previous year. Chinese consumers spent the most on mobile apps, [...]
SEOUL, Jan. 14 (Korea Bizwire) — Sales of supercars that cost more than 200 million won (US$168,000) spiked last year. Italian supercar maker Ferrari sold 357 cars in South Korea last year, which was 68.4 percent more than the previous year (212 cars), according to the data by CarIsYou Data Research Center. Bentley sales also [...]
SEOUL, Jan. 14 (Korea Bizwire) — Samsung Electronics Co.’s new portable projector The Freestyle is enjoying significant popularity at an online shopping mall for employees only. The new portable projector for which reservation sales began at Samsung FamilyNet employee mall from Tuesday, is available at a price of 690,000 won (US$580), almost half-price compared to [...]
SEOUL, Jan. 13 (Korea Bizwire) — The number of elementary and secondary school students in South Korea is expected to drop below 5 million for the first time in 2026, the government said Thursday, citing an ongoing decline of the school-age population. According to the Ministry of Education, the number of elementary, middle and high [...]