SEOUL, June 15 (Korea Bizwire) — South Korea and the United Arab Emirates (UAE) have agreed to create a special entry system for businesspeople and other essential travelers as exemptions to entry curbs being imposed over coronavirus concerns, the foreign ministry said Monday. The two countries reached the agreement during the three-day visit by Deputy [...]
SEOUL, June 15 (Korea Bizwire) — A university in Seoul is moving to become the country’s first university to partially refund tuition amid the ongoing pandemic, possibly sending shock waves in the higher education circles. As the global crisis caused by the novel coronavirus has created a major disruption in the way the country’s higher [...]
SEOUL, June 15 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest carrier, said Monday it has raised the ceilings on stock and bond issuance in a bid to secure more funds amid new coronavirus worries. In an extraordinary shareholders’ meeting earlier in the day, Asiana shareholders agreed to a plan to raise the issuance [...]
SEOUL, June 15 (Korea Bizwire) — The growing number of South Koreans using shared mobility services as an alternative for public transportation following the spread of the coronavirus is causing a different kind of concern amidst efforts to contain the pandemic. South Korea’s shared mobility services are represented by Seoul Bike, a shared public bicycle [...]
SEOUL, June 15 (Korea Bizwire) — A recent study has revealed that as the outbreak of the coronavirus is prolonging, the level of the Korean people’s awareness of disease control and prevention efforts has become higher than five years ago when a MERS (Middle East Respiratory Syndrome) outbreak threatened the country. According to the Seoul [...]
SEOUL, June 15 (Korea Bizwire) – The worldwide spread of the coronavirus is accelerating the rise of so-called ‘untact’ culture across various fields of society. The number of people visiting no-caddie golf courses in South Korea has surged in recent months, compared to the same period last year. XGOLF, a golf course reservation platform, reported [...]
SEOUL, June 14 (Korea Bizwire) — After nearly four months of state-led mask rationing to fight new coronavirus outbreaks, South Korea may end the strictly regulated scheme this month on the back of eased supply shortages, a government official said Sunday. As mask prices skyrocketed amid massive virus outbreaks here in February, the country introduced [...]
SEOUL, June 14 (Korea Bizwire) — U.S. dollar-denominated deposits at South Korean banks have risen nearly 30 percent since February as investors have chased after safer assets amid the new coronavirus outbreak, industry data showed Sunday. Outstanding dollar deposits at five local banks reached US$47 billion as of Thursday, up 28 percent from $36.6 billion [...]
SEOUL, June 14 (Korea Bizwire) — Dividend payouts by listed firms in South Korea dropped in March from a year ago amid coronavirus uncertainties, with the upcoming June interim payouts also expected to decline, data showed Sunday. A total of 18 listed companies paid a combined 2.68 trillion won (US$2.23 billion) to their shareholders for [...]
SEOUL, June 14 (Korea Bizwire) – The number of people who are in search of jobs hit a record high in May as the new coronavirus outbreak hammered the job market, data showed Sunday. The number of jobless people who had been seeking to find jobs for less than three months reached 735,000 in May, [...]