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Parcel War Rages as Chuseok Approaches

Parcel War Rages as Chuseok Approaches

SEOUL, Sept. 8 (Korea Bizwire) – Despite a prolonged economic downturn and Korea’s new anti-graft law, which prohibits the acceptance of gifts exceeding 50,000 won ($45) for public officials, journalists and private school faculty, parcel delivery companies are once again being flooded with Chuseok gifts.  Korea’s leading parcel delivery services, CJ Korea Express and Hyundai [...]

Supermoon Pops Up at Seoul Lake

Supermoon Pops Up at Seoul Lake

SEOUL, Sept. 2 (Korea Bizwire) – Seokchon Lake Park was where Florentijn Hofman’s giant Rubber Duck made its landing for a 10-day stay 2014, but something else landed Thursday, attracting hundreds of visitors that sought a glimpse of something out of the ordinary – a colossal Supermoon.  Signaling the coming of Chuseok, the Korean Thanksgiving [...]

More Travelers Going Overseas for This Year’s Chuseok Holiday

More Travelers Going Overseas for This Year’s Chuseok Holiday

SEOUL, Sept. 1 (Korea Bizwire) – More South Koreans have planned overseas trips during this year’s Chuseok (harvest moon) holiday that’s extended to five days due to the following weekend, data from tour companies showed Thursday.  HanaTour said departure reservations for the Sept. 13-15 holiday period were counted at 26,500 people as of Thursday, up [...]

Retailers Promote Korean Thanksgiving Gifts amid Anti-Graft Law Fears

Retailers Promote Korean Thanksgiving Gifts amid Anti-Graft Law Fears

SEOUL, Aug. 24 (Korea Bizwire) – This year’s Korean Thanksgiving Day, or Chuseok, falls on September 15, inspiring weary Koreans with a long weekend holiday to look forward to from September 14 to September 18.  As one of the two major traditional holidays in Korea, with the other being Lunar New Year, the rush for bus [...]

Retail Sales hit 4-month high In Sept. Thanks to Tax Cuts and Chuseok

Retail Sales hit 4-month high In Sept. Thanks to Tax Cuts and Chuseok

SEJONG, Nov. 2 (Korea Bizwire) – South Korea’s retail sales rose to a 4-month high in September as tax cuts and the Chuseok holiday propped up consumer spending, a government report showed Monday.  Retail sales topped 31.13 trillion won (US$27.28 billion) in September, up 4.1 percent from 29.9 trillion won a year earlier and the [...]