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Number of Employed Single-person Households Soars in 2021

Number of Employed Single-person Households Soars in 2021

SEOUL, June 21 (Korea Bizwire) — The number of employed one-person households in South Korea showed a steep increase last year amid an economic recovery, government data showed Tuesday. As of October 2021, the number of working one-person households jumped by 440,000 on-year to 4.14 million households, according to the data compiled by Statistics Korea. [...]

Hyundai, Kia’s Total Sales of Eco-friendly Cars Top 3 mln Units

Hyundai, Kia’s Total Sales of Eco-friendly Cars Top 3 mln Units

SEOUL, June 19 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. saw the total sales of their eco-friendly cars exceed 3 million units, industry data showed Sunday, 13 years after they began rolling out hybrid vehicles. South Korea’s top automaker and its affiliate sold 393,509 eco-friendly cars, including plug-in hybrid and all-electric vehicles, in [...]

Overseas Direct Investment More than Doubles in Q1 amid Post-pandemic Recovery

Overseas Direct Investment More than Doubles in Q1 amid Post-pandemic Recovery

SEOUL, June 17 (Korea Bizwire) — South Korea’s overseas direct investment more than doubled on-year in the first quarter of this year amid an economic recovery from the COVID-19 pandemic, the finance ministry said Friday. The value of investments made overseas by South Korean companies reached US$25.4 billion in the January-March period, up from $11.34 [...]