SEOUL, Feb. 27 (Korea Bizwire) — Despite soaring consumer prices and interest rates, South Korean travelers are willing to pay any price to visit relatively underpopulated, attractive travel destinations. Hyecho Adventure Travel, a travel agency specializing in outdoor travel, is excited that it was able to fill two teams of twenty people on a package [...]
SEOUL, Feb. 27 (Korea Bizwire) — The price of goat meat is surging as it is becoming known as the best alternative to dog meat. The Korea Black Goat Association reported that the price of black goat meat reached 19,000 won (US$14.40) per kilogram as of Feb. 13, up 73 percent from last July. The [...]
SEOUL, Feb. 27 (Korea Bizwire) — LG Electronics Inc. announced that it will open up free laundromats and mobile service centers in the parts of Turkey recently devastated by a series of earthquakes. The company has set up some 120 washing machines and dryers at eight temporary shelters in Mersin and Tarsus. LG will deploy [...]
JEJU, Feb. 24 (Korea Bizwire) — Recent threats to their survival, such as wild dog attacks and habitat invasion, have prompted the need for the protection of Jeju’s roe deer population, once a headache for many on the island. These deer, once known as the “symbols of Mount Halla,” experienced an explosive population increase over [...]
INCHEON, Feb. 24 (Korea Bizwire) — High-end drones will be deployed on large vessels operated by South Korea’s Coast Guard to monitor Chinese boats engaging in illegal fishing activities, officials said Thursday. The Coast Guard announced that it will invest 28 billion won (US$21.4 million) by 2028 to purchase 144 additional drones for 32 large [...]
SEOUL, Feb. 24 (Korea Bizwire) — The COVID-19 pandemic changed the landscape of the South Korean import liquor market, which is now dominated by whisky and wine. The nation’s imports of whiskies such as scotch, bourbon, and rye amounted to US$266.8 million last year, up 52.2 percent year on year, according to the data from [...]
SEOUL, Feb. 23 (Korea Bizwire) — The government will introduce energy performance grades for all electronic vehicles, similar to fossil fuel cars, in order to encourage the development of highly efficient EVs. The Ministry of Trade, Industry and Energy officially announced the new policy on Wednesday. The government plans to divide energy performance into five [...]
SEOUL, Feb. 23 (Korea Bizwire) — Busan has won the top prize in South Korea’s city brand rankings, surpassing Seoul. The Korea Corporate Reputation Research Institute conducted a monthly analysis of 57,048,306 data records on city brands, which showed that Busan ranked first, followed by Seoul and Jeju City. The City Brand Index was based [...]
SEOUL, Feb. 23 (Korea Bizwire) — Hanwha Aerospace Co., a South Korean aircraft engine maker, is on track to secure anti-drone technology to cope with the threat of unmanned drones. The company announced on Wednesday that it had invested in Fortem Technologies, Inc., a U.S.-based airspace defense and security specialist, under a Simple Agreement for [...]
JEJU, Feb. 22 (Korea Bizwire) — Cruise ships are set to visit South Korea’s resort island of Jeju for the first time since the onset of the pandemic. The Jeju Provincial government reported that 29,000-ton MS Amadea will be entering Jeju Port on March 16. The cruise ship will set sail from Niigata carrying 300 passengers [...]