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Work Hour Restrictions Popular Among South Korean Public

Work Hour Restrictions Popular Among South Korean Public

SEOUL, Sept. 5 (Korea Bizwire) – A new survey has found that at 64.2 percent, a significant majority of South Koreans are in favor of the government’s recent decision to place a cap on weekly work hours, according to the Ministry of Culture, Sports and Tourism. The survey, which was commissioned by the ministry and [...]

Online Shopping Purchases Hit Record High in July

Online Shopping Purchases Hit Record High in July

SEJONG, Sept. 5 (Korea Bizwire) — Purchases made using the Internet and mobile devices in South Korea reached an all-time high in July, government data showed Wednesday, demonstrating the popularity of smartphones, fast delivery and convenient payment options offered to local shoppers. The total value of transactions made with computers, smartphones and tablets reached a [...]

S. Korea’s Fruit Imports Reach Record High in 2017

S. Korea’s Fruit Imports Reach Record High in 2017

SEJONG, Sept. 3 (Korea Bizwire) — South Korea’s fruit imports reached record high levels last year on growing demand for dietary diversity, customs data showed Monday. The country imported 834,000 tons of fruit, worth US$1.24 billion, last year. In terms of value, last year’s figure marks the highest tally ever, according to the data compiled [...]

Richest People Make 1,000 Times More than Poorest

Richest People Make 1,000 Times More than Poorest

SEOUL, Sept. 2 (Korea Bizwire) — The richest people in South Korea earned nearly 1,000 times more than the lowest wage earners last year, a parliamentary report said Sunday, highlighting the country’s widening income disparity. The average earned income of the top 0.1 percent bracket reached 660 million won (US$590,000) per person last year, according [...]

About 94 pct of Korean Adults Have Experienced YouTube: Survey

About 94 pct of Korean Adults Have Experienced YouTube: Survey

SEOUL, Aug. 30 (Korea Bizwire) — About 94 percent of Korean adults have used YouTube directly or indirectly via other routes, a survey showed Thursday. A media research center of the Korea Press Foundation canvassed online 1,218 adults across the country from Aug. 20-24, and 77.8 percent, or 948, of the respondents answered they are [...]

Heat Wave Boosts Department Store Sales in S. Korea

Heat Wave Boosts Department Store Sales in S. Korea

SEOUL, Aug. 30 (Korea Bizwire) — Sweltering heat affecting South Korea has boosted the sales of local department stores this summer as people have flocked to air-conditioned malls to get relief, industry sources said Thursday. According to retail sector data, revenues from restaurants inside Lotte Department Store jumped 10.6 percent on-year between July 16 and [...]

Restructuring-hit Regions Suffer Higher Jobless Rates

Restructuring-hit Regions Suffer Higher Jobless Rates

SEJONG, Aug. 29 (Korea Bizwire) — Corporate restructuring-hit regions in South Korea logged higher jobless rates, data showed on Wednesday, adding to concerns that the current employment market slump may become a long-drawn affair. According to the numbers released by Statistics Korea, the jobless rate in Geoje, home to the country’s major shipyards, including Daewoo [...]