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Number of Weekday Moviegoers Falls amid Worsening Pandemic

Number of Weekday Moviegoers Falls amid Worsening Pandemic

SEOUL, Nov. 27 (Korea Bizwire) – The number of weekday moviegoers in South Korea dropped this week under the heightened antivirus curbs during the third wave of the new coronavirus pandemic, data showed Friday. The Korean Film Council (KOFIC) said 83,050 and 60,891 visited theaters on Wednesday and Thursday, respectively, down from 91,175 and 86,091 [...]

Over 70 pct of S. Koreans Support Seoul’s Role as ‘Facilitator’ in Nuclear Talks in Biden Administration

Over 70 pct of S. Koreans Support Seoul’s Role as ‘Facilitator’ in Nuclear Talks in Biden Administration

SEOUL, Nov. 27 (Korea Bizwire) — A majority of South Koreans agree that Seoul should play the role of a “facilitator” to push the stalled nuclear negotiations forward between the United States and North Korea, a survey showed Friday. According to the Nov. 20-21 survey of 1,000 adults by the National Unification Advisory Council, 73.9 [...]

Some 84 pct of Newspapers, Magazines in Crisis Due to Pandemic

Some 84 pct of Newspapers, Magazines in Crisis Due to Pandemic

SEOUL, Nov. 25 (Korea Bizwire) — Around 84 percent of local newspapers and magazines have experienced severe business difficulties due to the new coronavirus pandemic, a recent survey showed. According to the survey published Tuesday by the Korea Press Foundation, 33.4 percent of newspaper and magazine companies said the management crisis was “very severe,” while [...]

Households’ Q3 Spending on Liquor, Tobacco Hits New High amid Pandemic

Households’ Q3 Spending on Liquor, Tobacco Hits New High amid Pandemic

SEJONG, Nov. 25 (Korea Bizwire) — South Korea’s household spending on alcohol and cigarettes reached a new record high in the third quarter as the coronavirus outbreak forced more people to stay home, government data showed Wednesday. Local households spent an average of 42,980 won (US$38.7) on liquors and cigarettes during the July-September period, up [...]

Retail Sales Up in Oct. on Pandemic, Promotional Events

Retail Sales Up in Oct. on Pandemic, Promotional Events

SEOUL, Nov. 23 (Korea Bizwire) — Retail sales in South Korea increased 8.4 percent in October from a year earlier on the back of the pandemic and consumption-boosting events, data showed Monday. The combined sales of 26 major offline and online retailers reached 12.01 trillion won (US$10.7 billion) last month, up from 11.08 trillion won [...]