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Overseas Card Spending Dips by Most in Over 2 Decades in Q2 amid Pandemic

Overseas Card Spending Dips by Most in Over 2 Decades in Q2 amid Pandemic

SEOUL, Aug. 27 (Korea Bizwire) — South Koreans’ overseas card spending dropped by the most in more than two decades in the second quarter on a sharp decline in the number of outbound travelers amid the COVID-19 pandemic, central bank data showed Thursday. The amount of money spent overseas by Koreans with cards, including credit [...]

S. Korea to Offer Telemedicine Services for Overseas Builders

S. Korea to Offer Telemedicine Services for Overseas Builders

SEOUL, July 5 (Korea Bizwire) — South Korea plans to start providing telemedicine services for overseas construction workers this year, the government said Sunday, amid heightened alert over new coronavirus infections among them. The Central Disaster and Safety Countermeasure Headquarters said it aims to launch the service in September at the latest, with four major [...]

S. Korea’s Fight Against Coronavirus Wins Favorable Reviews from Overseas

S. Korea’s Fight Against Coronavirus Wins Favorable Reviews from Overseas

SEOUL, June 30 (Korea Bizwire) – The South Korean government’s response to the novel coronavirus is favorably appreciated by people around the world, a survey showed Tuesday. Commissioned by the Joongmin Foundation for Social Theory, a Seoul-based liberal institute, the survey was conducted by Rakuten Insight Surveys on 15,312 people living in 30 cities across [...]

Remakes of S. Korean TV Shows Gain Popularity in U.S., Europe

Remakes of S. Korean TV Shows Gain Popularity in U.S., Europe

SEOUL, April 22 (Korea Bizwire) – In a reality singing competition television series on Fox, celebrities in extravagant costumes and face masks perform a cover of a famous song, while the audience and panelists who don’t know the identity of the singers vote for their favorite. This is the basic format of “The Masked Singer,” [...]

Overseas Resources Projects to Undergo Heavier Scrutiny

Overseas Resources Projects to Undergo Heavier Scrutiny

SEOUL, Oct. 2 (Korea Bizwire) — Overseas resource development projects exceeding 100 billion won (US$89.96 million) will be put through rigorous pre-assessment, a step meant to avoid indiscriminate investment and financial losses, officials said Tuesday. Bills approved by the Cabinet stipulate that such high-cost projects by the Korea National Oil Corp. (KNOC), in which state [...]