SEOUL, March 9 (Korea Bizwire) — Major global investment banks (IBs) have revised up their forecasts for South Korea’s 2021 economic growth for the third consecutive month amid growing expectations for a recovery, a report showed Tuesday. As of end-February, nine major global IBs, including Barclays, BoA-Merrill Lynch and Citi, forecast Asia’s fourth-largest economy to [...]
SEOUL, March 4 (Korea Bizwire) — South Korea said Thursday it has decided to donate 50,000 tons of rice to six countries suffering from deepening poverty amid the prolonged new coronavirus pandemic. The rice will be sent to refugees and other vulnerable people in Yemen, Ethiopia, Kenya, Uganda, Syria and Laos under cooperation with the [...]
SEOUL, Feb. 23 (Korea Bizwire) — South Korea’s economic growth rate ranked third among major economies across the globe in 2020 despite an on-year contraction due to the coronavirus pandemic, data showed Tuesday. Asia’s fourth-largest economy contracted 1 percent last year from a year earlier, but it posted the third-best performance among 15 major nations, [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korea and the United States are preparing to hold their annual springtime combined military exercise next month, sources said Sunday. The planned exercise has drawn keen attention amid concern that North Korea could use the exercise as a pretext for provocations in the early months of the administration [...]
CHICAGO, Feb. 11 (Korea Bizwire) — Oil-Dri Corporation of America (NYSE: ODC), a leading manufacturer of sorbent minerals, doing business as Amlan International, today announced that the Korean Intellectual Property Office has issued Patent 28958.07.0042 entitled “Clay Product and Uses Thereof.” The patent protects the unique and proprietary mineral-based technology of two of Amlan’s natural [...]
PORTO CERVO, SARDINIA, Feb. 10 (Korea Bizwire) - KAMPOS, the ultimate Italian brand promoting luxury with integrity, is expanding overseas by entering the South Korean market. The brand has recently signed a partnership with a local distributor, Sanghyun Yu, based in the capital, Seoul, and has already established KAMPOS South Korea Ltd. As part of the [...]
SEOUL, Jan. 14 (Korea Bizwire) — The South Korean smartphone market is projected to grow 11 percent this year from a year earlier, a report showed Thursday, on the back of increased sales of 5G handsets. Smartphone shipments in South Korea are estimated to reach 19 million units this year, up from 17 million units [...]
Jakarta, Indonesia, Jan. 6 (Korea Bizwire) — ePac Flexible Packaging, the global leader in digitally produced flexible packaging, is pleased to announce its intent to open ePac Seoul, Ltd. as the flexible packaging provider expands its network of production plants in the Asia Pacific region. The company’s affiliate, ePac Holdings Asia, will be the managing [...]
SEOUL, Dec. 21 (Korea Bizwire) – South Korea’s video game market was the fifth largest in the world in 2019, falling one position from the previous year, a report showed Monday. The country’s video game market reached sales of 15.6 trillion won (US$14.2 billion) last year, up 9 percent from the previous year, according to [...]
SEOUL, Dec. 4 (Korea Bizwire) — Apple Inc. is picking up the pace in its efforts to grow its presence in South Korea, a market that has long been dominated by Samsung smartphones. The U.S. tech giant recently announced that it will open its second official store in South Korea. The store will be located [...]