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Vietnamese Brides, Chinese Grooms Most Favored in Korea

Vietnamese Brides, Chinese Grooms Most Favored in Korea

SEOUL, March 23 (Korea Bizwire) – In 2016, there were 20,600 international marriages between South Koreans and foreign nationals, the latest data from Statistics Korea shows. Although the number was a 3.2 percent decline from 2015, international marriages accounted for 7.3 percent of all marriages last year, up slightly by 0.3 percent.  Korean men were [...]

Electronic Payments Hit Record High in 2016

Electronic Payments Hit Record High in 2016

SEOUL, Mar. 23 (Korea Bizwire) — The amount of payments made electronically hit a record high in 2016, central bank data showed Wednesday, underscoring the growing trend of South Koreans using electronic means for financial transactions. The daily average amount of electronic financial transactions came to 343.5 billion won (US$306 million) in 2016, up 36.1 [...]

Scientists Develop Gold Nanomaterials for Gout Treatment

Scientists Develop Gold Nanomaterials for Gout Treatment

SEOUL, Mar. 23 (Korea Bizwire) — A group of South Korean scientists developed a new type of gold nano-sized materials to treat hyperuricemia, the science ministry said Wednesday, opening a new gateway for the treatment of diseases such as gout. Hyperuricemia is a phenomenon marked by an abnormally high level of uric acid in the [...]

Seoul Becomes Sixth Most Expensive City in the World

Seoul Becomes Sixth Most Expensive City in the World

SEOUL, March 22 (Korea Bizwire) – The latest report from the Economist Intelligence Unit, Worldwide Cost of Living 2017, labelled Seoul as the sixth most expensive city in the world in 2016 out of 133 major cities examined.  The EIU compared prices of over 150 products and services, using New York as a base city [...]

S. Korea’s Unemployment Benefits Period Ranks Low Among OECD Nations

S. Korea’s Unemployment Benefits Period Ranks Low Among OECD Nations

SEJONG, March 22 (Korea Bizwire) – South Korea ranks low among the member nations of the Organization for Economic Cooperation and Development (OECD) in terms of the period during which jobless workers get unemployment benefits, a report said Wednesday.  The relatively shorter period for unemployment allowances is a testament to the low level of the [...]