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Everland Most Popular Tourist Attraction

Source | 2017/07/23 | | Permalink

Everland was the most visited tourist attraction in Korea last year with 6.97 million visitors, according to the Korea Culture and Tourism Institute on Wednesday...More

Won Is Asia's Top-Performing Currency

Source | 2017/07/23 | | Permalink

The South Korean won was the "top-performing Asian currency" against the U.S. dollar in the first half of this year. Bloomberg on Wednesday called it "missile-proof" because it withstood the impact of North Korea's test of an intercontinental ballistic missile...More

Most Employers Plan Job Cuts Over Minimum Wage Hike

Source | 2017/07/23 | | Permalink

Eight out of 10 owners of small shops say they will have to lay off part-time staff if the minimum hourly wage increases to W7,530 next year, a poll suggests (US$1=W1,124).

Part-time job portal Alba polled 352 small shop owners and 5,804 part-time workers across the country on Monday and Tuesday after the government approved a record W1,060 hike in the hourly minimum wage...More

Naver Launches Papago Translation App

Source | 2017/07/23 | | Permalink

Naver officially launched its translation app papago on Wednesday, about a year after trial service began.

Several auto-translate apps are competing for the market, with Google, Microsoft and Baidu in the lead...More

Dark Times for Duty-Free Shops as Chinese Stay Away

Source | 2017/07/23 | | Permalink

Duty-free shops are likely to see their annual sales drop for the first time in 14 years amid an unofficial Chinese boycott.

Last year's sales totaled at W12.27 trillion, but this year's are projected to plunge 14 percent to W10.5 trillion (US$1=W1,129)...More

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