SEOUL, Jan. 19 (Korea Bizwire) – South Korea’s tourism industry suffered a severe blow from the Middle East Respiratory Syndrome (MERS) outbreak last year, but Japan enjoyed a huge influx of travelers thanks to the cheap yen and easier visas, data showed Tuesday. The number of foreign travelers to South Korea slipped in 2015 for [...]
SEOUL, Jan. 12 (Korea Bizwire) – South Korea said Tuesday it is not considering temporarily shutting down a joint industrial park in North Korea at this stage despite the North’s claimed successful test of a hydrogen bomb last week. The government has decided to limit the entry of South Korean nationals into Kaesong Industrial Complex [...]
BUSAN, Dec.22 (Korea Bizwire) – Although often talked about, happiness in Korea has reached a new low. The Smart Happiness Forum has investigated the happiness index of the seven major cities in Korea since 2011, and this year it announced that the happiness index of Korea was 5.46 points out of 10, which is the [...]
SEOUL, Dec. 14 (Korea Bizwire) – South Korean Prime Minister Hwang Kyo-Ahn and his Lao counterpart, Thongsing Thammavong, agreed Monday to work closely on a hydropower project in the Southeast Asian country, a South Korean official said. The two sides had planned to sign a deal on the development of Sepon III hydropower plant at [...]
SEOUL, Dec. 14 (Korea Bizwire) – More than half of business leaders in South Korea are seeking “belt-tightening” management next year amid gloomy outlooks for overall economic conditions, a poll showed Sunday. According to the poll of CEOs of 235 businesses by the Korea Employers Federation, a business lobby, 52.3 percent answered they will carry out the belt-tightening management next year. Of those polled, 32 percent said that they will maintain the “status quo,” while only 17.4 percent [...]
SEOUL, Dec. 14 (Korea Bizwire) – South Korea’s exports will likely grow at a slower pace than the global average for the second straight year in 2015, a state-run think tank said Sunday, pointing to unfavorable overseas market conditions facing many Korean companies. According to the Korea Development Institute (KDI), South Korea’s exports in terms of volume are expected to remain unchanged from a year earlier. This will be lower than the 3.2 percent gain that the International Monetary Fund is [...]
SEOUL, Dec. 9 (Korea Bizwire) – A free trade agreement between South Korea and China will come into force on Dec. 20, officials said Wednesday, about six months after the two nations formally signed the deal aimed at slashing tariffs and other trade barriers. The South Korean Ambassador to China, Kim Jang-soo, and Chinese assistant [...]
SEOUL, Dec.1 (Korea Bizwire) – ‘Jang Young-sil’, the drama based on the life of a Korean historic figure that aired on KBS 1TV, will be exported to Hong Kong. The drama is also attracting attention as it will be starring Song Il-guk, the Korean actor famous for his appearance in the drama ‘Jumong’ and ‘Superman [...]
SEOUL, Dec. 1 (Korea Bizwire) – The already close economic ties between South Korea and China will receive a further boost from the yuan’s inclusion in the International Monetary Fund’s (IMF) reserve currency basket, local observers said Tuesday. The move, to go into effect on Oct. 1, 2016, is not expected to have an immediate [...]
SEOUL, Nov. 18 (Korea Bizwire) – Nah Young-seok, the TV producer from tvN, famous for his hit shows ‘Grandpa over Flowers’ and ‘Three Meals a Day’, gave a special lecture about content businesses with a focus on expansion into the Chinese market. Nah emphasized that for content to be popular in China, it has to [...]