SEJONG, Oct. 30 (Korea Bizwire) — Sales of cigarettes in South Korea rose 5.6 percent on-year in the first nine months of this year, data showed Friday, thanks to robust sales of traditional cigarettes. South Korean smokers purchased 2.75 billion 20-cigarette packs in the January-September period, compared with 2.6 billion packs in the same period [...]
SEOUL, Oct. 30 (Korea Bizwire) – The new coronavirus pandemic has had a more negative impact on the employment of women than that of men in South Korea, data showed Friday. The number of employed women stood at 11.58 million last month, down 2.4 percent from 11.87 million a year earlier, according to a report [...]
SEOUL, Oct. 29 (Korea Bizwire) — The number of people working in the restaurant and hotel sectors dropped by 165,000 last month from a year earlier due to a resurgence of the coronavirus, government data showed Thursday. The Ministry of Employment and Labor said the number of people employed in facility management, which includes the [...]
SEOUL, Oct. 29 (Korea Bizwire) — The number of foreigners residing in South Korea exceeded 2.22 million as of November last year, marking an on-year increase of about 8 percent, government data showed Thursday. According to the data released by the Ministry of the Interior and Safety, 2,216,612 foreigners were registered as residents nationwide, accounting [...]
SEJONG, Oct. 29 (Korea Bizwire) — Debt held by the self-employed grew 4.7 percent in 2018, as their income fell amid the economic slowdown, raising concerns about their capacity to service debt, data showed Thursday. Average bank loans extended to a self-employed person amounted to 164 million won (US$144,000) as of end-2018, compared with 156 [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korea’s exports of air purifiers and other home cleaning appliances spiked in the first nine months of the year amid the coronavirus pandemic, data showed Wednesday. Outbound shipments of air purifiers shot up nearly 60 percent on-year to US$157 million in the January-September period, according to the data [...]
SEOUL, Oct. 27 (Korea Bizwire) — Corporate ownership of land in South Korea has been on a steady rise in recent years amid rising criticism of conglomerates’ real estate investment, government data showed Tuesday. South Korean companies owned 6.953 square kilometers of land in 2019, up 1.7 percent from a year earlier, according to the [...]
SEOUL, Oct. 27 (Korea Bizwire) — Credit card loans in South Korea soared more than 34 percent in September as cash-strapped people scrambled to borrow from card firms amid a protracted coronavirus outbreak, industry data showed Tuesday. New loans extended by seven credit card firms — Shinhan, KB Kookmin, Woori, Hana, Samsung, Hyundai and Lotte [...]
SEOUL, Oct. 26 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea jumped 26 percent last month from a year earlier on robust sales of Scania and Iveco trucks, an industry association said Monday. The number of newly registered imported commercial vehicles rose to 383 units in September from 304 a year ago, [...]
SEOUL, Oct. 25 (Korea Bizwire) — Retail sales in South Korea advanced 8.5 percent in September from a year earlier as online shops enjoyed brisk sales amid the new coronavirus pandemic, data showed Sunday. The combined sales of 26 major offline and online retailers reached 11.9 trillion won (US$10 billion) last month, up from 11.16 [...]