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Foreign Arrivals in S. Korea Again Dive 98 pct in May

Foreign Arrivals in S. Korea Again Dive 98 pct in May

SEOUL, July 4 (Korea Bizwire) — Due to coronavirus-related travel restrictions, the number of foreign arrivals in South Korea again nose-dived nearly 98 percent in May, reaching slightly over 30,000, official data showed Saturday. According to the Korea Tourism Organization (KTO), 30,861 foreigners visited South Korea in May, down 97.9 percent from the same month [...]

Online Shopping Jumps 13 pct in May amid Contactless Trend

Online Shopping Jumps 13 pct in May amid Contactless Trend

SEJONG, July 3 (Korea Bizwire) — Online shopping jumped 13.1 percent from a year earlier in May, data showed Friday, as the coronavirus pandemic prompted more consumers to buy goods via e-commerce platforms. The value of online transactions came to 12.72 trillion won (US$10.59 billion) in the month, up 1.46 trillion won from the same [...]

S. Korea’s Exports of Agricultural Goods Up 4.4 pct in H1

S. Korea’s Exports of Agricultural Goods Up 4.4 pct in H1

SEOUL, July 2 (Korea Bizwire) — South Korea said Thursday its exports of agricultural goods and foodstuffs advanced 4.4 percent on-year in the first six months of 2020 as the global new coronavirus pandemic has sparked higher demand for processed products. The country’s outbound shipments of agricultural products and foodstuffs reached US$3.6 billion in the [...]

Monthly Increase in 5G Subscribers Reaches Record High in May

Monthly Increase in 5G Subscribers Reaches Record High in May

SEOUL, June 30 (Korea Bizwire) — The number of new 5G subscribers rose by a record high in May for this year, with total network users reaching just under 6.9 million, official data showed Tuesday. The latest findings showed 5G subscribers increasing by 536,997 in May compared to the month before, exceeding the previous monthly [...]

1 in 4 S. Koreans Willing to Spend More on 5G amid Pandemic

1 in 4 S. Koreans Willing to Spend More on 5G amid Pandemic

SEOUL, June 30 (Korea Bizwire) — One in four South Koreans are inclined to spend more on 5G network services and faster internet connection to better prepare for the coronavirus pandemic, a survey showed on Tuesday. The survey conducted by Ericsson-LG, a joint venture between Sweden-based Ericsson and South Korea’s LG Electronics Inc., showed that [...]

S. Korea’s Fight Against Coronavirus Wins Favorable Reviews from Overseas

S. Korea’s Fight Against Coronavirus Wins Favorable Reviews from Overseas

SEOUL, June 30 (Korea Bizwire) – The South Korean government’s response to the novel coronavirus is favorably appreciated by people around the world, a survey showed Tuesday. Commissioned by the Joongmin Foundation for Social Theory, a Seoul-based liberal institute, the survey was conducted by Rakuten Insight Surveys on 15,312 people living in 30 cities across [...]