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Experts Divided On Whether 10-Day Holiday Period Will Increase Consumer Spending

Experts Divided On Whether 10-Day Holiday Period Will Increase Consumer Spending

SEOUL, Sept. 8 (Korea Bizwire) — The 10-day holiday starting late September will likely have mixed effects on South Korea’s economy struggling to cope with trade sanctions imposed by China over a missile row, growing protectionism from the United States and geopolitical risks caused by North Korea. The government designated October 2 as a one-off [...]

Small Businesses and Shift Workers Can’t Afford to Enjoy This Year’s Extended Chuseok Holiday

Small Businesses and Shift Workers Can’t Afford to Enjoy This Year’s Extended Chuseok Holiday

SUWON, Sept. 6 (Korea Bizwire) — Despite the government’s decision to make October 2 a temporary national holiday, stretching this year’s Chuseok holiday out over 10 days, workers at small businesses and those on a rotational shift won’t be able to enjoy the so-called Golden Holiday. While workers in the public sector or big corporations welcomed [...]

Chuseok Holiday Sets New Travel Records

Chuseok Holiday Sets New Travel Records

SEOUL, Sept. 19 (Korea Bizwire) – This year’s Chuseok holiday, which began on September 14, has finally ended, and Koreans are returning to their workplaces.  The holiday began with tension following a historic 5.8-magnitude earthquake that struck Gyeongju last Monday, and ended with typhoons Meranti and Malakas affecting the peninsula with heavy rain starting on Saturday.  [...]

S. Korean Espionage Film Sweeps Local Cinemas during Chuseok Holiday

S. Korean Espionage Film Sweeps Local Cinemas during Chuseok Holiday

SEOUL, Sept. 17 (Korea Bizwire) – South Korea’s espionage film “The Age of Shadows” swept local cinemas during the Chuseok holiday this week, surpassing 5 million viewers, data showed Saturday.  According to data compiled by the state-run Korean Film Council (KFC), the film broke the 5 million mark after recording an accumulated audience of more [...]

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 [...]