SEOUL, Oct. 25 (Korea Bizwire) — South Korea’s coffee imports are expected to set a new annual record in 2015, the customs office said Sunday, driven by soaring demand from local consumers. Asia’s fourth-largest economy imported a record 102,500 tons of coffee in the January-September period, up 3.2 percent from the same period last year, [...]
SEOUL, Oct. 25 (Korea Bizwire) — The number of South Korean tourists to Japan has hit an all-time high this year as the yen’s continued weakness makes travel to the neighboring country cheaper, industry data showed Sunday. A total of 2.86 million South Koreans visited Japan in the first nine months of the year, up [...]
SEJONG, Oct. 8 (Korea Bizwire) — The number of foreign companies operating in South Korea continued to grow in 2014 as the country steadily attracted more businesses from abroad, government data showed Thursday. According to the data by the National Tax Service (NTS), the number of foreign invested firms reached 8,095 in 2014, up 0.5 [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korea’s tech giant Samsung Electronics Co. ranked seventh in the world this year in terms of brand value, a global consultancy report showed Monday. According to the annual report compiled by Interbrand, Samsung Electronics came in seventh for this year, with its brand value estimated at US$45.3 billion. [...]
SEOUL, Oct. 4 (Korea Bizwire) – A growing number of South Korean companies failed to generate enough operating profit to pay tax and interest payments on their debt, potentially raising downside risks in Asia’s fourth-largest economy, data showed Sunday. Out of 628 listed companies excluding financial firms, 34.9 percent of the companies failed to make [...]
SEOUL, Oct. 2 (Korea Bizwire) — South Korea’s market for mobile advertisements is expected to surpass the 1 trillion won (US$849 million) mark this year on the back of the country’s high smartphone penetration, data showed Friday. The market size is estimated to reach 1.05 trillion won this year, which will mark a 27.2 percent [...]
SEOUL, Sept. 24 (Korea Bizwire) — The proportion of diesel-engine cars among newly registered vehicles in South Korea hit an all-time high during the first half of this year, pointing to their strong popularity among fuel efficiency-conscious consumers, industry data showed Thursday. The strong presence of diesel cars over gasoline-engine vehicles, however, could weaken as [...]
SEJONG, Sept. 18 (Korea Bizwire) — South Korea ranked relatively low among members of the Organization for Economic Cooperation and Development (OECD) in terms of the quality of life mainly due to a lack of satisfaction felt by people in their everyday lives, a report showed Thursday. According to the Korea Institute for Health and [...]
SEOUL, Sept. 17 (Korea Bizwire) — The number of foreign patients receiving plastic surgery in South Korea has shot up 13-fold since 2010 thanks to Chinese tourists, a report showed Thursday. The number of foreigners visiting cosmetic clinics operating in South Korea reached 36,224 last year, up from 2,851 tallied in 2009, according to the [...]
SEOUL, Sept. 16 (Korea Bizwire)- “Dried” foods sell like hotcakes in the run up to Chuseok or Hangawi, a major harvest festival celebrated in Korea. Gift sets consisting of dried Hanwoo(Korean beef), dried fish, half-dried baked yams, and dried persimmons are in high demand as Chuseok(Korean Thanksgiving) gifts. According to Shinsegae department store, sales of [...]