SEOUL, Jan. 17 (Korea Bizwire) — Long padded jackets, referred to as “long padding” locally, have become the target of feverish consumerist activity ever since the Winter Olympics-inspired goose down jackets sold out on the online Olympics and Lotte Department stores last November. In a year in which the fashion industry claimed an absence of [...]
SEOUL, Aug. 2 (Korea Bizwire) – South Korea on Wednesday outlined stricter measures to stabilize the country’s overheating housing market as its previous efforts to curb speculative forces did not work properly. The Moon Jae-in government announced its first real estate measures in June a month after taking office to strengthen lending rules that can [...]
SEOUL, March 22 (Korea Bizwire) – The South Korean government said Wednesday that it plans to move forward with the process of raising the Sewol ferry from the bottom of the sea if mild weather conditions continue. “The hull was carefully test lifted up one meter from the sea bottom,” the Ministry of Oceans and [...]