SEOUL, Aug. 3 (Korea Bizwire) — The results of a survey that asked South Koreans about their trust in others revealed that the level trust among Koreans has fallen significantly over the past 30 years. In addition, the level of “social capital” within society was found to be extremely low. Professor Kim Hui-sam at the [...]
SEOUL, Jul. 11 (Korea Bizwire) — South Korea’s No. 1 duty-free shop Lotte Duty Free is ramping up efforts to expand its presence in the global market in the face of fierce competition at home, industry sources said Wednesday. The duty-free chain, operated by Hotel Lotte Co., opened a new airport outlet in Nha Trang, [...]
SEOUL, May 30 (Korea Bizwire) — The number of South Korean food service firms in foreign countries rose 2.7 percent in 2017 from a year earlier, but their profitability deteriorated sharply due mainly to stiffer competition, a survey showed Wednesday. The survey released by the Korea Foodservice Industry Research Institute showed that 193 South Korean [...]
SEOUL, Mar. 29 (Korea Bizwire) — Global tech manufactures have been cutting costs of premium televisions recently amid the escalating competition in the global market, industry watchers said Thursday. Samsung Electronics Co., which has been promoting QLED TVs, reduced the price of its 55-inch QLED TV, the QN55Q7FN, to US$1,900, down 24 percent from $2,500. [...]
SEOUL, April 10 (Korea Bizwire) – The final round of an Italian K-pop competition was held at an exhibition center in Rome on Saturday. As part of Romics, one of the country’s biggest comic fairs, fourteen group and individual talents who passed the preliminary rounds showed off their moves for the final time to K-pop [...]
GORYEONG, South Korea, Nov. 18 (Korea Bizwire) – The second round of the 2016 – 2017 Korea Hot Air Balloon Championship kicked off in Goryeong County for three days of competition. Hosted by the Korea Balloon Association, the championship consists of six total rounds, with the final round expected to take place in Buyeo County [...]
GOYANG, South Korea, Sept. 29 (Korea Bizwire) – The 2016 Craftsmanship Competition for Small Businesses showcased on Thursday the 2nd International Makeup Competition, featuring amateur and professional make-up artists from both Korea and overseas. Taking place at Goyang’s KINTEX (Korea International Exhibition & Convention Center), the contestants were highlighted in eight different categories – Wedding, [...]
CHEONGJU, South Korea, Aug. 17 (Korea Bizwire) – An international martial arts competition will kick off in central South Korea early next month, bringing together some 2,000 fighters and officials from across the world, organizers said Wednesday. The inaugural World Martial Arts Masterships (http://www.2016martial-arts.kr) will be staged from Sept. 2-8 in the city of Cheongju, [...]
SEOUL, May 23 (Korea Bizwire) – Sometimes you just want to zone out and stay thoughtless for a while. But when some 70 people are sitting in one spot, all but spaced-out, there is something else going on. This is what happened Sunday by the Han River in Seoul. As it turned out, they were participants [...]
JEONJU, May 11 (Korea Bizwire) – B-boying was huge in Korea in the late 90s and early 2000s. A Korean dance group even won the 2002 Battle of the Year, which is one of the most prestigious international dance competitions. During every break at middle and high school, boys would try to impress the girls [...]