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‘Alternative Tourism’ on the Rise as Foreigners Send ‘Dolls’ to Travel in S. Korea

‘Alternative Tourism’ on the Rise as Foreigners Send ‘Dolls’ to Travel in S. Korea

SEOUL, Jan. 25 (Korea Bizwire) — ‘Alternative tourism’ is gaining popularity with South Korea reaching the third year of travel restrictions following the coronavirus outbreak. Major travel agency Interpark Tour said Monday it had released ‘Toy Story’, a unique tourist package that asks foreign customers to send dolls to ‘take the trip for them’. The [...]

S. Korea to Launch ‘Energy Cashback’ Pilot Program in Three Cities

S. Korea to Launch ‘Energy Cashback’ Pilot Program in Three Cities

SEJONG, Jan. 25 (Korea Bizwire) — South Korea will launch an energy cashback pilot program starting with three cities — Sejong, Naju and Jincheon. Under this program, apartment complexes and households that consume less electricity than the average of neighboring apartment complexes and households can receive a cashback refund for the amount saved. The apartment [...]

COVID-19 Quarantine Policy Influences Popular Items at Convenience Stores

COVID-19 Quarantine Policy Influences Popular Items at Convenience Stores

SEOUL, Jan. 24 (Korea Bizwire) — The changes in government policy against COVID-19 have influenced consumption patterns. Sales of hangover helpers and travel kits rose by 28.4 percent and 22.6 percent, respectively, in November of last year, following the introduction of the government’s ‘With Corona’ policy, according to the convenience store chain CU. In contrast, [...]

Hyundai Stages Unique Demonstration Using IONIQ 5 to Power Office

Hyundai Stages Unique Demonstration Using IONIQ 5 to Power Office

SEOUL, Jan. 24 (Korea Bizwire) — Hyundai Motor Co. is holding an unusual promotion event for its all-electric IONIQ 5 in which the model uses its “vehicle-to-load” technology to supply electricity to a small cabin deep in the woods. South Korea’s biggest carmaker recently joined hands with Studio Puisto Architects, a Helsinki architecture studio, to [...]

More Buildings Sold at Court Auctions Following Borrowing Restrictions and Higher Interest Rates

More Buildings Sold at Court Auctions Following Borrowing Restrictions and Higher Interest Rates

SEOUL, Jan. 24 (Korea Bizwire) — The number of buildings put up for court auction has increased since October of last year following the government’s introduction of stricter regulations for loans and higher interest rates. The National Court Administration reported that the number of court auction registrations last year went from 5,521 cases in September [...]