SEOUL, July 8 (Korea Bizwire) — Unlike shopping malls struggling in the aftermath of the onset of the coronavirus pandemic, discount warehouses are seeing continuous growth. E-Mart Traders, a major discount warehouse chain, saw sales jump by 21.9 percent in the period from January to May compared to the same period last year. The company [...]
SEOUL, July 6 (Korea Bizwire) — South Korea’s capital city and its surrounding areas saw the net inflow of residents more than double in March and April from a year earlier as the novel coronavirus pandemic hit job markets in local areas, a report showed Monday. A net 275,000 people moved into Seoul, Incheon and [...]
SEOUL, June 30 (Korea Bizwire) — One in four South Koreans are inclined to spend more on 5G network services and faster internet connection to better prepare for the coronavirus pandemic, a survey showed on Tuesday. The survey conducted by Ericsson-LG, a joint venture between Sweden-based Ericsson and South Korea’s LG Electronics Inc., showed that [...]
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 11 (Korea Bizwire) — South Korea’s auto exports more than halved in May from a year earlier due to falling demand in the face of the new coronavirus pandemic that as infected more than 7 million people, data showed Thursday. Local carmakers shipped 95,400 units of cars overseas last month, down 57.6 percent [...]
SEOUL, April 8 (Korea Bizwire) — Lee Ga-ram, 37, was forced to give up her decadelong annual ritual of having a picture taken of herself in the same spot at Seokchon Lake, one of Seoul’s most popular cherry blossom sites, as access to the park was closed due to the coronavirus pandemic. “It is just [...]
London, March 20 (Korea Bizwire) - CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announced today that, in light of the supply chain constrains caused by the COVID-19 emergency in Europe, it is suspending the majority of its European assembly operations for a two week period. This suspension applies to the Company’s agricultural, construction, commercial and [...]
SEOUL, March 17 (Korea Bizwire) — A so-called ‘infodemic,’ a swarm of fake information that incites fear of the coronavirus, is undermining efforts to limit the spread of the pandemic. As fake information piles up, people are less likely to find trustworthy information about the infectious disease, inciting fear and conflict among social constituents rather [...]
NAMYANGJU, Aug. 22 (Korea Bizwire) – The city of Namyangju, Gyeonggi Province, said in a public statement that it had identified geographic locations at varying risk of outbreaks of disease through the application of big data technology. The city government charted a map of the city by combing through 2,072 civilian reports of disease carrying [...]