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Vehicle Registration Grew 3.9 Pct in 2016: Ministry

Vehicle Registration Grew 3.9 Pct in 2016: Ministry

SEOUL, Jan. 17 (Korea Bizwire) – The number of registered vehicles in South Korea continued to grow, nearing 22 million in 2016, the government said Tuesday.  Car registrations came to 21,803,351 units as of end-2016, up 3.9 percent or some 813,000 from a year earlier, according to the Ministry of Land, Infrastructure and Transport.  The [...]

S. Korea’s Auto Output Slips to World’s Sixth-Largest in 2016

S. Korea’s Auto Output Slips to World’s Sixth-Largest in 2016

SEOUL, Jan. 9 (Korea Bizwire) – South Korea’s local automobile output dropped significantly from a year earlier in 2016, also slipping a notch to the world’s sixth-largest producer of cars, industry data showed Monday.  According to the data from the Korea Automobile Manufacturers Association (KAMA), five South Korea-based automakers produced a combined total of 4,228,536 [...]

Avg. Age of Workers at SMEs Growing as Younger Generation Opts Out: Survey

Avg. Age of Workers at SMEs Growing as Younger Generation Opts Out: Survey

SEOUL, Jan. 6 (Korea Bizwire) – The average age of workers at small and mid-sized businesses (SMEs) is rising as the younger generation seeks jobs at bigger conglomerates for better pay and stability, a survey showed Friday.  A study carried out from May to September last year on 8,000 SMEs said 25.6 percent of their [...]

Six out of 10 Cancer Patients Drink During Treatment: Study

Six out of 10 Cancer Patients Drink During Treatment: Study

SEOUL, Jan. 5 (Korea Bizwire) – Six out of 10 cancer patients with experience of drinking still consume alcohol during treatment, a study showed Thursday.  According to the study conducted by Koh Hyun-young of Samsung Medical Center, 546 out of 906 people, or 60.3 percent, said that they have drank alcohol after being diagnosed with [...]

More Vietnamese Living in Korea Now Than Americans

More Vietnamese Living in Korea Now Than Americans

SEOUL, Dec. 27 (Korea Bizwire) – The proportion of Vietnamese among foreigners residing in South Korea was higher than Americans for the second straight month in November due to an increase in the number of women from the Southeast Asian country getting married with South Korean men, government data showed Tuesday.  The immigration office under [...]

Unmarried Population in Their 30s Rises to Record High in 2015

Unmarried Population in Their 30s Rises to Record High in 2015

SEJONG, Dec. 19 (Korea Bizwire) – More than 35 percent of thirtysomethings in South Korea remained unmarried last year amid a widespread late marriage trend in the country, census data showed Monday.  According to the 2015 census by Statistics Korea, out of 42.7 million people aged 15 or over, 13.4 million, or 31.3 percent, were [...]

S. Korea’s Air Passenger Traffic Reaches Record High

S. Korea’s Air Passenger Traffic Reaches Record High

SEOUL, Dec. 19 (Korea Bizwire) – South Korea’s air passenger traffic has reached a new high on a sharp increase in international passengers to and from the country, the transportation ministry said Monday.  Air passenger traffic has already reached over 100 million as of Monday, breaching the 100 million mark for the first time in [...]

Korea’s Security Services Market Expected to Grow to 7 Tln Won by 2020

Korea’s Security Services Market Expected to Grow to 7 Tln Won by 2020

SEOUL, Dec. 16 (Korea Bizwire) – The South Korean market for security services is expected to grow by 40 percent to 7 trillion won (US$5.9 billion) by 2020, the government said Friday.  The Ministry of Trade, Industry and Energy presented the outlook at a conference on how to better protect the country’s key infrastructure facilities.  [...]