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Hotel Prices Surge Up to 400% During Summer Festivals in South Korea, Consumer Agency Finds

Hotel Prices Surge Up to 400% During Summer Festivals in South Korea, Consumer Agency Finds

SEOUL, Oct. 30 (Korea Bizwire) – A government investigation has revealed dramatic price hikes at hotels and lodging facilities during South Korea’s peak summer season, particularly around major music festivals and local cultural events. The Korea Consumer Agency disclosed its findings on October 29 after examining prices at 347 accommodations listed on booking platforms. The investigation [...]

Daily Maximum Power Demand Hits Record in Aug. amid Extreme Heat

Daily Maximum Power Demand Hits Record in Aug. amid Extreme Heat

SEOUL, Sept. 2 (Korea Bizwire) — South Korea’s average daily maximum power demand reached a new high in August as the country experienced scorching summer heat that persisted throughout the month, data showed Monday. The country’s peak power demand in August averaged 87.8 gigawatts, a 6.1 percent increase from a year earlier, according to the [...]

Industry Minister Confirms to Raise Electricity Prices after Summer Ends

Industry Minister Confirms to Raise Electricity Prices after Summer Ends

SEJONG, Aug. 27 (Korea Bizwire) — Industry Minister Ahn Duk-geun has confirmed that the government will increase electricity prices after summer comes to a close, in an effort to ease financial burdens on Korea Electric Power Corp (KEPCO). “We plan to raise electricity bills,” Ahn said during a meeting with reporters in the central city [...]

Authorities Focus on Treating COVID-19 in High-risk Patients as Summer Wave Could Peak by End-August

Authorities Focus on Treating COVID-19 in High-risk Patients as Summer Wave Could Peak by End-August

SEOUL, Aug. 21 (Korea Bizwire) — Health authorities plan to focus on treating COVID-19 in high-risk patients as this year’s summer wave is expected to peak by the end of this month, the chief of the Korea Disease Control and Prevention Agency (KDCA) said Wednesday. KDCA Commissioner Jee Young-mee told reporters that she expects the [...]

As Heatwaves Drive Beachgoers to Gangwon, One Popular Surf Town Sees Decline

As Heatwaves Drive Beachgoers to Gangwon, One Popular Surf Town Sees Decline

YANGYANG, Aug. 21 (Korea Bizwire) – With sweltering temperatures persisting throughout the summer, beach resorts in Gangwon Province have seen a surge in visitors compared to previous years. However, the tourist hotspot of Yangyang County has experienced an unexpected decline, raising questions about changing travel patterns and local challenges. According to data released by Gangwon Province [...]