SEOUL, Jul. 3 (Korea Bizwire) — South Korean shipbuilders, led by industry leader Hyundai Heavy Industries Co., have secured the largest amount of new orders in the first six months of the year to retain the top slot, while the global shipbuilding industry saw new orders halve, industry data showed Friday. According to the data [...]
SEOUL, Jun. 30 (Korea Bizwire) — Korean men between twenty and fifty have been the most frequent buyers of Apple Watches since they were released in Korea on June 26. Frisbee, an apple-centered store chain in Korea, studied the gender and age of customers who have purchased Apple Watches over the last four days, and [...]
SEJONG, Jun. 29 (Korea Bizwire) — South Koreans on average spent more time sleeping and eating, but allocated less to work and study in 2014, compared to five years earlier, mainly due to the country shifting to a five-day work and school week, a government survey showed Monday. According to the so-called time use poll [...]
SEOUL, Jun. 29 (Korea Bizwire) — Korean and American researchers have found a correlation between a group of genes that are known to trigger depression, schizophrenia and bipolar diseases. A team led by professor Lee Do-Heon at the Bio-Synergy Research Center and Dr. Kim Sang-Hyun at the Stanley Medical Research Institute (SMRI) said on June [...]
SEOUL, Jun. 26 (Korea Bizwire) — Koreans who consider themselves middle-income earners have unrealistically high expectations about their post-retirement lives, even as they save little. According to a survey conducted by AIA Group on 2,500 individuals from Korea, China, Hong Kong and Taiwan who consider themselves to be middle-income earners, Korean respondents answered that they [...]
SEJONG, Jun. 22 (Korea Bizwire) — Korean researchers have found a use for invasive alien plants that are disturbing local ecosystems, as six species have proven to be effective in treating and preventing tooth, gum and skin diseases. The National Institute of Biological Resources said on June 21 that extracts from Prickly lettuce, Buffalo weed, [...]
SEOUL, Jun. 12 (Korea Bizwire) — American beef is meeting increasing demand in Korea, with its import volume of 2,527 tons surpassing that of Australian beef between May 1 and 10, according to an announcement from the Ministry of Food and Drug Safety on June 11. American beef once faced an import ban in 2003 [...]
SEOUL, Jun. 10 (Korea Bizwire) — Prices at SPA brand Zara’s Korean stores are higher than anywhere else in the world. According to Spanish press El Confidencial on June 9, Morgan Stanley employed analytics company AlphaWise to conduct market research on Zara. The research firm discovered that products selling in Korea were twice as expensive [...]
SEOUL, Jun. 9 (Korea Bizwire) — It is estimated that in 2035, two out of three households in Seoul will be composed of one or two people. According to an infographic published by the Seoul Institute on June 8, the share of such small households in 2000 was 33.3 percent in Seoul. The share in [...]
SEJONG, Jun. 4 (Korea Bizwire) — The South Korean economy remains weak overall as a slump in exports weighs down on its growth, a state-run think tank said Thursday. In its latest report on the economy, the Korea Development Institute (KDI) said private consumption has improved at a moderate pace, but a drop in outbound [...]