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7 in 10 Foreign Property Owners on Jeju Island Are Chinese

7 in 10 Foreign Property Owners on Jeju Island Are Chinese

JEJU, April 28 (Korea Bizwire) – According to the Jeju Special Self-Governing Province, the number of buildings on the island owned by foreign nationals is estimated at 3,310, with nearly 73 percent belonging to Chinese nationals. The aggregate area of land owned by foreign nationals was estimated at 466,621 square meters, accounting for about 1 [...]

S. Korea Offers Largest Amount of Cash, Goods to N.K. in 2003-2008: Data

S. Korea Offers Largest Amount of Cash, Goods to N.K. in 2003-2008: Data

SEOUL, Apr. 28 (Korea Bizwire) — South Korea provided the largest amount of cash and products to North Korea between 2003 and 2008 under the liberal administration of late President Roh Moo-hyun, Seoul’s unification ministry said Thursday. The government and civic groups offered a combined US$4.36 billion to North Korea under the Roh administration, followed [...]

Drone Owners Increasingly Worried About Accidents: Survey

Drone Owners Increasingly Worried About Accidents: Survey

SEOUL, April 27 (Korea Bizwire) – As the drone market continues to grow in South Korea, an increasing number of consumers are worried about drone accidents and crashes, according to the Korea Consumer Agency (KCA). A recent survey conducted by the KCA covering 1,500 adult consumers from across the country revealed that nearly 40 percent [...]

South Korean Home Ownership Reaches Record Levels

South Korean Home Ownership Reaches Record Levels

SEOUL, April 26 (Korea Bizwire) – Soaring rental prices in the housing market in recent years are seeing upper-middle class households purchase their own homes, with the home ownership rate reaching 56.8 percent, the highest figure since records began in 2006, according to a report released yesterday by the Ministry of Land, Transport and Maritime [...]

Social Robot Patent Applications Rise Sharply on AI, Robotics Advances: Data

Social Robot Patent Applications Rise Sharply on AI, Robotics Advances: Data

SEOUL, Apr. 26 (Korea Bizwire) — The application of patents for social robots that can interact and communicate with humans has risen sharply in South Korea in recent years with the advances being made in robotics and artificial intelligence, government data showed Tuesday. Social robot patent applications have surged more than 20 percent annually since [...]

S. Koreans Think 67.2 is Appropriate Age to be Considered Old: Poll

S. Koreans Think 67.2 is Appropriate Age to be Considered Old: Poll

SEOUL, Apr. 26 (Korea Bizwire) — The age at which South Koreans think a person can be considered old has been pushed back to reflect the general aging of the population, a new poll showed Tuesday. The survey released by Hyundai Research Institute (HRI), a private think tank, showed respondents believed 67.2 should be viewed [...]

Tourists in Korea: Westerners Visit Historic Sites, Asians Shop

Tourists in Korea: Westerners Visit Historic Sites, Asians Shop

SEOUL, April 24 (Korea Bizwire) – Tourists prefer different attractions in South Korea depending on where they are from, with those from Asian countries favoring shopping districts like Myeong-dong, while westerners typically prefer historic sites like Gyeongbokgung Palace, a recent report from the Ministry of Culture, Sports and Tourism (MCST) revealed. According to the report released [...]

Over 90 pct of NK Defectors ‘Proud’ to be S. Koreans: Poll

Over 90 pct of NK Defectors ‘Proud’ to be S. Koreans: Poll

SEOUL, Apr. 24 (Korea Bizwire) — Nine out of 10 North Korean defectors said they were proud to be South Koreans, a survey showed Saturday. According to the poll by the Korea Hana Foundation, a South Korean unification ministry affiliate, 92.3 percent of 2,663 North Korean defectors said they were proud to be South Korean [...]