JEJU, Sept. 1 (Korea Bizwire) — Around 8 out of 10 local residents and South Korean tourists believe the Olle Trail has made a significant contribution to Jeju Island’s tourism industry over the last decade, a survey has found. The survey conducted with a sample of over 600 people by the Jeju Development Institute in celebration [...]
SEOUL, Sept. 1 (Korea Bizwire) – The number of South Koreans traveling to China continued to drop in August, with more people opting to fly to Japan or Southeast Asia instead, industry data showed Friday, as the ongoing diplomatic spat between Seoul and Beijing over the deployment of a U.S. missile defense system does not [...]
SEOUL, Aug. 28 (Korea Bizwire) – The number of South Koreans traveling abroad is expected to jump during the upcoming Chuseok season which falls in early October as the holiday could be as long as 10 days, industry data showed Monday. Chuseok, one of the biggest annual holidays here and roughly equivalent to Thanksgiving in [...]
SEOUL, Aug. 28 (Korea Bizwire) — Foreign ownership of listed firms belonging to South Korea’s top 10 conglomerates tumbled nearly 4.6 percent over the past month amid a market correction, data showed Monday. Offshore investors held a combined 349.2 trillion won (US$310 billion) worth of shares in 95 listed firms of the leading business groups [...]
SEOUL, Aug. 27 (Korea Bizwire) — The number of visitors to the overpass-turned-park Seoullo 7017 surpassed the 3 million mark as of Sunday as the site celebrated its 100th day since its opening, the Seoul city government said. The number of users reached 3.61 million on Aug. 23, since the public park converted from an [...]
SEOUL, Aug. 25 (Korea Bizwire) — A group of South Korean and American scientists have developed high-tech yarn that generates electricity, Seoul’s ICT ministry said Friday, a finding that may one day lead to the development of smartphones and other devices that do not need batteries. The Ministry of Science and ICT said a joint [...]
SEOUL, Aug. 24 (Korea Bizwire) – The number of South Koreans expected to travel abroad is set to be twice that of foreigners visiting the country this year amid a sharp drop in the arrival of Chinese nationals, a state-run tourism agency said Thursday. The January-July tally showed that some 7.76 million foreigners came to [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korea’s top 30 conglomerates have seen their sales growth and profitability worsen over the past six years amid increased costs, a report showed Thursday. Per capita sales of 164 listed companies belonging to the leading business groups fell at an annual average rate of 1.8 percent between 2011 [...]
SEOUL, Aug. 24 (Korea Bizwire) — Gold-related funds in South Korea have posted stellar returns over the past month, data showed Thursday, as geopolitical risks chilled the stock market and stoked investors’ flight to safety. Those funds posted an average return of 3.49 percent in the month to Wednesday, the top performer among local investment [...]
SEJONG, Aug. 23 (Korea Bizwire) — South Korea’s exports to Vietnam surged nearly 50 percent in the first seven months of 2017, customs data showed Wednesday, an increase that is likely to put the Southeast Asian country among the top three shipment destinations for locally made goods. According to Korea Customs Service, exports to Vietnam [...]