SEOUL, Nov. 23 (Korea Bizwire) — With the passing of a hiring freeze brought on by the onset of the COVID-19 pandemic, South Korea’s major companies have resumed open recruiting in full swing this year, with their welcome gifts for new employees drawing significant attention. CJ ENM’s commerce division prepared Apple Watch models as welcome [...]
SEOUL, Nov. 22 (Korea Bizwire) — The lower income tier spent more than half of its disposable income on food in the third quarter of this year, with consumers directly exposed to surging prices, the statistics agency said Monday. Statistics Korea’s Household Income and Expenditure Survey showed that households located in the lower 20 percent [...]
SEOUL, Nov. 22 (Korea Bizwire) — The deepening economic slowdown is attributed to the shrinking consumption of the “MZ generation,” a Korean term referring to those aged between late 10s and 30s, on hobby and leisure activities following the 2008-09 global financial crisis, a central bank report said Monday. The Bank of Korea said in [...]
SEOUL, Nov. 22 (Korea Bizwire) — More than 200 traditional markets in South Korea have shut down over the past 14 years, data showed Monday, due largely to the failure of responding to the changing retail industry. The government-affiliated agency Small Enterprise and Market Service reported there were 1,401 traditional markets in the country as [...]
SEOUL, Nov. 22 (Korea Bizwire) — South Korea’s new COVID-19 cases stood at around 72,000 on Tuesday, a similar level from a week earlier, amid concerns over the spread of a new virus wave in winter. The country reported 72,873 new COVID-19 infections, including 81 cases from overseas, bringing the total caseload to 26,654,729, the [...]
SEOUL, Nov. 22 (Korea Bizwire) — Around 17 percent of South Korean women experienced a career break following their marriage this year, with child-rearing among the top reasons, data showed Tuesday. The number of women aged 15-54 who had stopped working after marriage had come to 1.39 million as of April, slightly down from 1.44 [...]
SEOUL, Nov. 21 (Korea Bizwire) — Firefighters at the forefront of saving lives are suffering from worse psychological disorders than before. A survey conducted by the National Fire Agency of 54,056 firefighters showed that 29.8 percent were suffering from sleep disorders caused by stress at work. This was 7 percentage points higher than last year. [...]
SEOUL, Nov. 21 (Korea Bizwire) – The number of people subject to the so-called comprehensive real estate tax hovered above 1 million for the first time since the scheme was introduced in 2005 amid soaring overall property prices, data showed Monday. A total of 1.3 million home and land owners will receive the tax invoice [...]
SEOUL, Nov. 21 (Korea Bizwire) — South Korea’s new COVID-19 cases hit around 23,000 on Monday, on par with the level a week earlier, amid growing worries over yet another virus wave in the winter. The country reported 23,091 new COVID-19 infections, including 61 cases from overseas, bringing the total caseload to 26,581,856, the Korea [...]
SEOUL, Nov. 21 (Korea Bizwire) — South Korea’s nationwide consumer prices rose 5.9 percent on-year in the third quarter of the year due to higher energy and dining-out costs, data showed Monday. The figure marked an expansion from the 5.4 percent on-year growth tallied a quarter earlier, according to the data from Statistics Korea. By [...]