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Electronic Payments Hit Record High in 2016

Electronic Payments Hit Record High in 2016

SEOUL, Mar. 23 (Korea Bizwire) — The amount of payments made electronically hit a record high in 2016, central bank data showed Wednesday, underscoring the growing trend of South Koreans using electronic means for financial transactions. The daily average amount of electronic financial transactions came to 343.5 billion won (US$306 million) in 2016, up 36.1 [...]

Nearly 3 Mln Animals Used in Experiments in S. Korea in 2016

Nearly 3 Mln Animals Used in Experiments in S. Korea in 2016

SEJONG, Feb. 28 (Korea Bizwire) – Nearly 3 million animals were used in experiments by universities and public and private research centers in South Korea last year, government data showed Tuesday.  A total of 2.88 million mammals, amphibians and fish were experimented on by 333 institutions in 2016, according to the data compiled by the [...]

Quick Rise to the Top for Children of Top Conglomerate Families

Quick Rise to the Top for Children of Top Conglomerate Families

SEOUL, Feb. 9 (Korea Bizwire) – Business evaluation website CEO Score revealed Wednesday how quickly children from Korea’s top conglomerate families move up the ladder, taking an average of 4.9 years until they nab an executive title from when they start working – a significant fast-track forward given the fact that it typically takes roughly [...]

Foreign Holdings of S. Korean Stocks Top 500 Tln Won

Foreign Holdings of S. Korean Stocks Top 500 Tln Won

SEOUL, Feb. 6 (Korea Bizwire) – The total value of South Korean stocks under foreign ownership has exceeded 500 trillion won (US$440 billion) for the first time on indications of a global economic recovery and improved earnings by some local giants, data showed Monday.  Foreign investors owned 501.9 trillion won worth of shares here as [...]

Online Shopping in S. Korea Hits Record High in Dec.

Online Shopping in S. Korea Hits Record High in Dec.

SEJONG, Feb. 3 (Korea Bizwire) – Online shopping in South Korea reached a fresh record high in December on the back of a steady upbeat trend of buying goods through computers and mobile phones, government data showed Friday.  Total online transactions reached a record 6.2 trillion won (US$5.4 billion) in December, up 15.4 percent from [...]

Seoul’s Richest Neighborhoods Have Lowest Female Obesity Rates

Seoul’s Richest Neighborhoods Have Lowest Female Obesity Rates

SEOUL, Jan. 24 (Korea Bizwire) – A recent study by the Seoul Institute has revealed that Seoul’s three richest districts – Gangnam, Seocho, and Songpa – have lower female obesity rates than other neighborhoods in the capital. According to the study, the obesity rate for adult men residing in Seoul was 31.7 percent and for [...]

S. Korea’s Per-Person Rice Consumption Hits Fresh Low in 2016

S. Korea’s Per-Person Rice Consumption Hits Fresh Low in 2016

SEJONG, Jan. 24 (Korea Bizwire) – Per capita rice consumption in South Korea hit a fresh record low last year amid rapid changes in eating habits, government data showed Tuesday.  The average annual consumption of rice per person fell to 61.9 kilograms last year, down 1.6 percent from the previous year’s 62.9 kg, according to [...]