SEOUL, Sept. 9 (Korea Bizwire) — South Korea’s consumer price index declined for the very first time last month, a sign of deflation. Experts point out that declining consumer prices may become the so-called ‘new normal’ for South Korea. Statistics Korea reported that South Korea’s consumer prices reached a growth rate of 0.5 percent this [...]
SEOUL, Sept. 9 (Korea Bizwire) — A youth baseball match between South Korea and Japan is moving the hearts of citizens in both countries, despite the deteriorating political relationship between the two states. On Friday, South Korea and Japan met at Gijang-Hyundai Dream Ballpark in Gijang County, Busan, to compete in the final round of [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korea on Thursday called for international cooperation to respond to a possible move by Japan to discharge contaminated water from its crippled Fukushima power plant into the Pacific Ocean. In a press conference held in Seoul, Choi Won-ho, the head of the Ministry of Science and ICT’s big [...]
SEOUL, Sept. 5 (Korea Bizwire) — A video that introduces the victims of forced labor during Japanese rule is going viral on social media, moving the hearts of netizens around the world. The video begins with a famous quote from Good Will Hunting, a popular film that talks about a man who overcomes his hurtful [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korean companies are making progress with localizing production of materials essential for semiconductors and displays, which were previously imported from Japan before restrictions were imposed on them by the Japanese government. A local company recently succeeded in developing ultra-pure hydrogen fluoride, which was one of the materials that [...]
SEOUL, Sept. 4 (Korea Bizwire) — Japan has announced its plans to permit the use of the Rising Sun Flag at the 2020 Tokyo Olympic and Paralympic Games. Many South Koreans see the Rising Sun Flag as a symbol of Japan’s aggression and militarism. According to SBS, a domestic broadcaster, the Tokyo Organizing Committee of [...]
SEOUL, Sept. 4 (Korea Bizwire) — The number of South Korean tourists visiting Japan plunged more than 19 percent on-year last month due to a widening voluntary “Japan tour boycott” campaign against Tokyo’s recent implementation of strict trade regulations on Seoul, the country’s main airport operator said Wednesday. According to the Incheon International Airport Corp., [...]
SEOUL, Sept. 4 (Korea Bizwire) — Imported vehicle sales in South Korea fell 5.6 percent last month due to a slump in sales of Japanese vehicles amid trade tension with Japan, industry data showed Wednesday. The number of newly registered foreign vehicles stood at 18,112 in August, down from 19,206 a year earlier, according to [...]
SEOUL, Sept. 3 (Korea Bizwire) — Samsung Electronics Co., the world’s leading memory chip and smartphone maker, has begun replacing Japanese materials with local supplies for its production of semiconductors, company officials said Tuesday, a move that could offset Japan’s restrictions on high-tech exports to South Korea. “(The company) has injected supplies other than Japanese [...]
SEOUL, Sept. 3 (Korea Bizwire) — As South Korea continues to boycott Japanese products in response to economic retaliation from Japan, this year’s most sought-after tourist destination for the Chuseok holidays is also changing. Wemakeprice Inc., a local open market operator, said that the majority of South Koreans booked flights to Vietnam, Thailand, and other [...]