SEOUL, May 25 (Korea Bizwire) — Household income rose 4.7 percent on-year in the first quarter amid the strong job market, data showed Thursday, while the distribution ratio for disposable income also widened over the period. The country’s households earned an average 5.05 million won (US$3,822) per month in the January-March period, compared with 4.82 [...]
SEOUL, May 25 (Korea Bizwire) — Police have apprehended 31 people on charges of industrial technology leaks abroad between January and April, an 81 percent jump from 17 caught during the same period of last year, an opposition lawmaker said Thursday. In one such case, a manager working at a Chinese factory of a domestic [...]
SEOUL, May 25 (Korea Bizwire) — When shoppers eagerly camp outside a store in anticipation of purchasing expensive luxury goods or limited-edition products, they dash inside as soon as the store’s doors open, a phenomenon commonly known as an “open run.” The retail industry, including well-known establishments such as Lotte, Shinsegae, and Hyundai department stores, [...]
SEOUL, May 25 (Korea Bizwire) — The quality of jobs in South Korea is deteriorating as the number of regular positions at major companies remains stagnant, while the number of non-regular jobs is increasing, a corporate tracker said Wednesday. The Leaders Index analyzed quarterly reports from 334 companies, which are among the top 500 in [...]
SEOUL, May 24 (Korea Bizwire) — Sales of cold medicines in South Korea are increasing as more people contract influenza following the relaxation of social distancing measures implemented during the pandemic. “Pancold,” a cold medicine manufactured by Dongwha Pharmaceutical Co., recorded sales of 14.7 billion won (US$11.1 million) in the first quarter, marking a 32.4 [...]
SEOUL, May 24 (Korea Bizwire) — The Seoul Metropolitan Government said Tuesday it will introduce taxis equipped with dedicated car seats for toddlers aged under 24 months. These taxis will be in the form of vans and will be equipped with a KC safety-certified car seat, as well as an anti-germ air purifier, hand sanitizer, [...]
SEOUL, May 24 (Korea Bizwire) — South Korea’s new COVID-19 cases hit nearly 23,000 on Wednesday, continuing its downward trend from a week earlier as the country is returning to pre-pandemic normalcy. The country reported 22,961 new infection cases, including 40 imported cases, bringing the total caseload to 31,592,429, the Korea Disease Control and Prevention [...]
SEOUL, May 24 (Korea Bizwire) — The number of babies born in South Korea fell to a fresh low in March, data showed Wednesday, exacerbating the dire population crisis of Asia’s No. 4 economy. Only 21,138 babies were born in March this year, down 8.1 percent from a year earlier, according to the data from [...]
SEOUL, May 24 (Korea Bizwire) – LG Display Co., a major South Korean display maker, has announced its intention to establish an independent task force to develop countermeasures and address the situation following the recent death of one of its employees. Jeong Ho-young, president and CEO of LG Display, on Tuesday sent an email to [...]
SEOUL, May 23 (Korea Bizwire) — South Korea’s new COVID-19 cases hit around 21,000 on Tuesday in a steady decline from the previous week, as the country is returning to pre-pandemic normalcy with almost all virus restrictions gone. The country reported 21,385 new infection cases, including 43 imported cases, bringing the total caseload to 31,569,468, [...]