SEOUL, Jun. 4 (Korea Bizwire) — Foreigners who had travel plans in Korea are increasingly canceling their reservations. According to the Korea Tourism Organization on June 3, the number of tour program cancelations jumped 180 percent from 2,500 on June 1 to 7,000 on June 2. The number of hotel reservations for July and August [...]
SEOUL, Jun. 4 (Korea Bizwire) — BNP Paribas South Korea sued its customers most frequently when facing disputes with them, among all the non-life insurance companies in Korea last year. According to the Financial Consumer Agency on June 3, BNP Paribas South Korea dealt with seven dispute cases at the court, with 26.9 percent of [...]
SEOUL, Jun. 3 (Korea Bizwire) — Almost 8 out of 10 Koreans support the legalization of the right to turn off life support systems under familial consent, when additional care is considered to be in vain. According to a survey report by Gallup Korea on 1,006 Koreans over 19 years of age, conducted between May [...]
SEJONG, Jun. 2 (Korea Bizwire) — A speculated increase in Koreans eating out due to income increases and shrinking families is being confirmed following the analysis of data collected during recent research programs. According to a report published by the Hyundai Research Institute in February, the average expenditure per month on eating out among middle [...]
SEOUL, Jun. 2 (Korea Bizwire) — Korean exports in dollar value decreased 10.9 percent in May from the same period last year, due to the weakening Yen, slowing economies in the U.S. and China, a loss of competitiveness for Korean companies, and low oil prices. Korean exports have decreased for five months in a row, [...]
SEOUL, May 30 (Korea Bizwire) — Korean stock firms place much more emphasis on recommending their customers to buy stocks rather than sell them. According to the Korea Financial Investment Association and industry representatives on May 29, only 0.3 percent of the stock recommendations given by analysts from 33 Korean firms over the past year [...]
SEJONG, May 29 (Korea Bizwire) — As several electronic cigarettes sold in Korea are reported to contain different nicotine content from what is claimed on the packaging, the Korea Fair Trade Commission (KFTC) is set to investigate whether some companies have made false claims. Kim Hak-Hyeon, vice-commissioner of the KFTC, said on May 28 that [...]
BEIJING, May 21 (Korea Bizwire) — South Korea was ranked as the second-most popular destination for Chinese Internet users buying high-quality goods via cross-border e-commerce platforms, a survey showed Thursday. The survey, conducted by a Chinese research institute named i-research and commissioned by the Chinese unit of South Korea’s Korea Trade and Investment Promotion Agency [...]
SEOUL, May 19 (Korea Bizwire) — ‘Avengers: Age of Ultron’ has attracted more than 10,000,000 moviegoers in Korea 25 days after opening, making the sequel the 15th film in Korea to do so. Although ‘Avatar’, ‘Frozen’ and ‘Interstellar’ have drawn 10 million moviegoers, ‘Age of Ultron’ set the record for the fastest time to reach [...]
SEOUL, May 18 (Korea Bizwire) — South Korea has suffered a growing deficit in the trade of kimchi, the traditional Korean side dish, in the past few years due to the influx of Chinese products, data showed Sunday. The deficit stood at US$84.09 million over the past five years in April, according to the statistics [...]