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Pyeongchang Olympic Facilities Viewed Favorably in IOC Evaluation

Source | 2017/04/23 | | Permalink

Facilities of the 2018 Pyeongchang Winter Olympics are satisfactory, but more effort is needed for events to run more smoothly, according to the Olympic organizing committee on Tuesday...More

More People Enjoy Golf Indoors

Source | 2017/04/23 | | Permalink

More and more people seem to enjoy golfing at indoor simulation ranges to avoid the hassle to visit golf courses on the outskirts of the city...More

K-Bank Soars from Strength to Strength

Source | 2017/04/23 | | Permalink

Korea's first online lender K-Bank has racked up over 200,000 customers since its launch on April 3, with total deposits reaching W230 billion, the bank said Tuesday (US$1=W1,143). In turn the bank has already approved W130 billion worth of loans...More

HiteJinro Hits W1 Trillion Mark in Soju Sales

Source | 2017/04/23 | | Permalink

HiteJinro said Tuesday its annual sales of distilled liquor soju surpassed W1 trillion for the first time since it first came to the market in 1998 (US$1=W1,143)...More

Youth Population Dwindles Below 10 Million

Source | 2017/04/23 | | Permalink

The country's youth population has dropped below 10 million for the first time and is projected to keep dwindling until 2060, when it will hover at about 5 million.

The decline will cause labor shortages and have a negative effect on economic growth.

According to a census published by Statistics Korea on Tuesday, the total population is 51.45 million this year, but only 9.25 million are between nine and 24...More

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