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Samsung Electronics’ Reputation Plunges on Heir’s Arrest

Samsung Electronics’ Reputation Plunges on Heir’s Arrest

SEOUL, Sept. 19 (Korea Bizwire) — Samsung Electronics Co.’s reputation plunged in 2017 compared with the year before, industry data showed Tuesday, apparently due to the arrest of its de facto head coupled with the Galaxy Note 7 debacle. According to the U.S.-based Reputation Institute, Samsung’s ranking in terms of corporate social responsibility plunged 69 [...]

Weak Employment Conditions Adversely Affects Sex Life among Women: Survey

Weak Employment Conditions Adversely Affects Sex Life among Women: Survey

SEOUL, Sept. 18 (Korea Bizwire) — South Korean women in their 20s and 30s had sex less in 2014 compared with a decade ago, a survey showed Monday, amid high youth unemployment that has led to late marriage and less dating. South Korea’s overall unemployment rate stood at 3.8 percent in June, up 0.2 percentage [...]

Health Care Costs for Insured Foreigners Double over 5 years

Health Care Costs for Insured Foreigners Double over 5 years

SEOUL, Sept. 15 (Korea Bizwire) — Health care costs for foreigners covered by South Korea’s state health insurance have more than doubled over the past five years as more subscribe to the scheme, data showed Friday. The total medical cost for covered foreigners came to 553 billion won (US$487 million) last year, up 109 percent [...]

Young People’s Auto Purchase Dips on Budget, Car Sharing: Data

Young People’s Auto Purchase Dips on Budget, Car Sharing: Data

SEOUL, Sept. 14 (Korea Bizwire) — Young people in their 20s and 30s here have been buying fewer cars in recent years as they have difficulty finding jobs and car-sharing services here are more appealing to them, industry data showed Thursday. Those in their 30s bought a total of 144,360 vehicles in the first six [...]

Over 20 pct of Lavish Foreign Tourists Come from Mideast: Poll

Over 20 pct of Lavish Foreign Tourists Come from Mideast: Poll

SEOUL, Sept. 14 (Korea Bizwire) — Middle Eastern tourists accounted for more than 20 percent of big-spending foreign visitors to South Korea last year with their per-capita spending reaching over US$16,000, a poll showed Thursday. The survey on the top 1 percent high-spending foreign tourists, taken by the Korea Culture & Tourism Institute, showed that [...]

Foreigners Sell US$3.25 bln of S. Korean Stocks and Bonds in Aug.

Foreigners Sell US$3.25 bln of S. Korean Stocks and Bonds in Aug.

SEOUL, Sept. 13 (Korea Bizwire) — Foreign investors offloaded South Korean stocks and bonds worth US$3.25 billion in August due to security jitters and profit-taking, the central bank said Wednesday. Foreign investors sold local stocks and bonds worth $1.33 billion and $1.91 billion, respectively, the Bank of Korea (BOK) said. It marked the first sell-off [...]

Over 1.1 mln People Expected to Travel Abroad During Chuseok Holiday

Over 1.1 mln People Expected to Travel Abroad During Chuseok Holiday

SEOUL, Sept. 13 (Korea Bizwire) — More than 1.1 million people are expected to travel abroad during the 10-day Chuseok holiday, which begins late this month, industry sources said Wednesday. Incheon International Airport Corp. said 980,000 people took overseas trips between April 29 and May 9 this year when many took three days of leave [...]

S. Korea’s Cosmetics Exports to ASEAN Jump 31.6 pct in 2016

S. Korea’s Cosmetics Exports to ASEAN Jump 31.6 pct in 2016

SEOUL, Sept. 13 (Korea Bizwire) — Exports of South Korean beauty products to Southeast Asian countries soared 31.6 percent last year, amid surging demand for skin care and makeup items, a report showed Wednesday. The outbound shipments of Korean cosmetics products to the 10-member Association of Southeast Asian Nations (ASEAN) reached US$406 million in 2016, [...]