SEOUL, March 23 (Korea Bizwire) – With many modern Koreans confined t0 cities but longing to get in touch with nature, demand for houses and residential buildings with terraces is growing quickly. Over the last two years, more than 5,000 ‘terrace’ housing units in 16 apartment complexes were sold, according to a study conducted by Shim [...]
SEOUL, March 16 (Korea Bizwire) – U.S. Secretary of State Rex Tillerson is to visit the Demilitarized Zone (DMZ) on Friday as the first major schedule of his trip to South Korea, the foreign ministry said Thursday, in an apparent bid to demonstrate a strong alliance between the two countries against North Korea. Tillerson is [...]
BEIJING, March 13 (Korea Bizwire) – China’s economic retaliation against South Korea over the deployment of a THAAD missile defense system continues to grow with no sign of abatement, as reports emerge of the Chinese government targeting more South Korean enterprises including private business establishments. As the deployment of the THAAD battery is reportedly being accelerated, [...]
CHINA, March 8 (Korea Bizwire) – Chinese hackers have officially declared online war on South Korea and Lotte, one of its biggest conglomerates, in what appears to be retaliation against the deployment of the controversial THAAD missile-defense system. An unidentified masked man appeared in a video uploaded on Yuku, the Chinese equivalent of Youtube, where [...]
SEOUL, March 7 (Korea Bizwire) – A recent study revealed most young people in South Korea get news through their mobile phones. A survey conducted by the Korea Press Foundation found that seven out of ten people over 19 years of age now consume news using mobile phones. The number increased by over 5 percentage [...]
SEOUL, Mar. 7 (Korea Bizwire) – Over half of South Korean consumers now shop online through a mobile device, rather than a desktop computer, according to Statistics Korea. In January of this year, online shopping through mobile devices accounted for more than 58 percent of all online sales in South Korea, the highest percentage since records [...]
SEOUL, Mar. 7 (Korea Bizwire) – Half of the new recruits at Hyundai Mobis will be working in research and development with a focus on self-driving and connected car technologies, the company announced yesterday. Of the 278 employees Hyundai Mobis hired last month, nearly a quarter were electronics and computer science majors in light of [...]
SEOUL, March 6 (Korea Bizwire) — Tension between Korea and China is intensifying as illegal Chinese fishing in Korean waters continues unabated amid controversy surrounding Korea’s deployment of a Terminal High Altitude Area Defense (THAAD) missile defense system. In a letter of complaint to the Chinese Embassy in Seoul last year, the Korean National [...]
GEYONGGI, SOUTH KOREA, March 6 (Korea Bizwire) — The Gyeonggi provincial government has announced a plan to adapt blockchain technology for transparency where charitable donations are concerned. Blockchain is a groundbreaking technology that allows users to keep a record of all their transactions transparently, in linear and chronological order. “Working closely with charities and experts, we’ll develop [...]
SEOUL, Dec. 27 (Korea Bizwire) – The proportion of Vietnamese among foreigners residing in South Korea was higher than Americans for the second straight month in November due to an increase in the number of women from the Southeast Asian country getting married with South Korean men, government data showed Tuesday. The immigration office under [...]