SEOUL, Apr. 13 (Korea Bizwire) — As the U.S.A deals with controversy over abuse of force from police officers, South Korea is faced with a completely different problem. Korean police are dealing with citizens abusing their rights, obstructing police duties, and even committing crimes against the police. Last month, a man in his fifties drove [...]
SEOUL, Apr. 13 (Korea Bizwire) — Koreans keep tracks of their SNS channels for fun and information seeking, according to a paper written by Lee Jeong-kwon, a doctoral student at Hankuk University of Foreign Studies. Lee conducted a study concerning 248 individuals who were using opened SNS and closed, private SNS last year. When asked [...]
SEJONG, Apr. 10 (Korea Bizwire) — South Korea’s imports of dairy products have risen at an annual average rate of 14.9 percent over the last three years, fueled by local demand, government data showed Friday. According to the data by the Korea Customs Service (KCS), imports of such products as cheese, powdered milk, cream and [...]
SEOUL, April 8 (Korea Bizwire) – The number of baptized Catholics increased last year for the first time since 2010, apparently affected by Pope Francis’ first-ever visit to the country, the local church said on Wednesday. According to the official statistics released by the Catholic Bishops’ Conference of Korea, a total of 124,748 Catholics were baptized [...]
SEOUL, April 8 (Korea Bizwire) – German-made vehicles in South Korea, which are unrivaled among foreign autos here, are losing their presence as car buyers look for more unique brands, data showed Wednesday. The share of German cars sold here in the January-March period came to 69.7 percent, down 3 percentage points from the 72.7 percent [...]
SEOUL, Apr. 2 (Korea Bizwire) — More than a hundred executives at Samsung Electronics Co., South Korea’s No. 1 tech giant, left their posts between late last year and the first quarter of 2015, data showed Thursday, in what seems to be an aftereffect of the lackluster performance in 2014 smartphone sales. The number of [...]
SEOUL, March 31 (Korea Bizwire) — There is a famous preconception that chewing gum is a popular item at the beginning of the year, as it is sought after by smokers trying to kick the habit as part of their New Year’s resolutions. However, according to research released by convenience store chain CU on March [...]
SEJONG, March 31 (Korea Bizwire) — South Korea’s duty-free shop sales surged 21.6 percent on-year in 2014, the finance ministry said Tuesday, thanks to the steady rise in foreign travelers. Data sent by the ministry to the National Assembly showed sales by the 43 duty-free shops in the country hitting 8.3 trillion won (US$7.5 billion) last [...]
SEOUL, Mar. 16 (Korea Bizwire) — South Korea’s 30 leading business groups will expand investment, but decrease new employment this year compared to last year, amid worries of increasing labor costs, a survey showed Monday. According to the survey by the Federation of Korean Industries (FKI) of the top 30 conglomerates in terms of assets [...]
SEOUL, March 15 (Korea Bizwire) – The South Korean economy grew at a slower pace than the economies of the Group of 20 (G-20) countries on average in 2014 for the fourth year in a row, data showed Sunday.The real gross domestic product (GDP) of the G-20 nations grew 3.4 percent in 2014, a notch [...]