SEOUL, Nov. 22 (Korea Bizwire) – A recent test of clothes dryers available in the South Korean market revealed that some small models have subpar drying functions. The drying time for clothes varied by up to one hour, and the disparity in annual power rates reached up to 25,000 won. On Tuesday, the Korea Consumer Agency [...]
SEOUL, July 24 (Korea Bizwire) — A 93-year-old British veteran of the 1950-53 Korean War and winner of a major British TV competition will visit South Korea this week to perform in a ceremony commemorating the signing of the conflict’s armistice, Seoul’s veterans ministry said Monday. Colin Thackery, who rose to fame after winning in [...]
SEOUL, Oct. 14 (Korea Bizwire) — Lotte Property & Development, the operator of South Korea’s tallest skyscraper, announced Thursday that a British military band will hold a performance at the 123-story Lotte World Tower in Seoul on Saturday as part of a South Korea-Britain cultural exchange. The Regimental Band of the Scots Guards is famous [...]
BUSAN, June 30 (Korea Bizwire) — A youth art group, together with the police, launched an eye-catching campaign to publicize the upcoming change in the way pedestrians cross an intersection. Life Art Edition recently held a surprise performance at a crosswalk. While cars were stopped for the traffic light, it held a dance and band [...]
SEOUL, June 28 (Korea Bizwire) — Internet-only lender Toss Bank logged a rapid business expansion only nine months after its launch, backed by the convenience of mobile banking and services that target all ages, bank data showed Tuesday. Since its launch in October 2021, the online bank has opened 3.6 million new accounts as of [...]
SEOUL, May 11 (Korea Bizwire) — South Korean car rental firms are enjoying an unexpected boom, benefiting from the supply shortage of new cars resulting from the semiconductor chip crisis. Lotte Rental Co., the No. 1 player in the nation’s car rental market, reported record first-quarter results, posting sales of 648 billion won (US$507 million) [...]
SEOUL, April 6 (Korea Bizwire) — K-Bank, a South Korean internet-only bank, said Wednesday that it garnered more than 7.5 million customers in five years of its launch thanks to a steep increase in mid- and low-credit loans and the rising popularity of mobile banking. K-Bank has enjoyed brisk business growth in the recent years, [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korea’s benchmark stock index skyrocketed over 30 percent this year from a year ago, buoyed by strong buying of individual investors and expectations of a speedy recovery from the pandemic next year, the bourse operator said Wednesday. In the final trading session of 2020 on Wednesday, the benchmark [...]
SEOUL, Dec. 24 (Korea Bizwire) — Despite the fallout of the coronavirus pandemic, South Korea’s big three shipbuilders have fared relatively well this year as they clinch a majority of global orders for liquefied natural gas (LNG) ships and very large crude carriers (VLCCs), industry sources said Thursday The trio — Korea Shipbuilding & Offshore [...]
SEOUL, May 6 (Korea Bizwire) — Gold funds in South Korea have shined over the past three months on investors’ flight to safety amid the coronavirus pandemic, but oil funds have fared dismally on tumbling crude prices, a market tracker said Wednesday. The three-month average return of 12 local gold funds with assets of 1 [...]