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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 [...]

Antibiotics Prescription for Infants Much Higher in South Korea: Report

Antibiotics Prescription for Infants Much Higher in South Korea: Report

SEOUL, Jan. 19 (Korea Bizwire) – South Korean infants are prescribed antibiotics in much higher frequency than those in other countries, the latest research report said Thursday, confirming concerns in the medical community of serious misuse that could hurt the immune system.  The results show South Korean toddlers on average are prescribed antibiotics 3.41 times [...]

Korea Sets New Milestone in EV Sales

Korea Sets New Milestone in EV Sales

SEOUL, Jan. 18 (Korea Bizwire) – The total number of EVs registered by the government surpassed 10,000 in 2016, setting a new milestone and taking another step forward towards a greener automotive industry.  According to the Ministry of Land, Infrastructure and Transport, there were 10,855 electric vehicles officially registered as of the end of last [...]

S. Korea to Set up 3.5 Trl Won Fund to Help Startups

S. Korea to Set up 3.5 Trl Won Fund to Help Startups

SEOUL, Jan. 18 (Korea Bizwire) – South Korea will establish a 3.5 trillion won (US$2.9 billion) fund to nurture startups and venture firms in the science and technology sectors to secure new growth engines, the science ministry said Wednesday. Under the comprehensive plan announced by the Ministry of Science, ICT and Future Planning, the fund [...]

Vehicle Registration Grew 3.9 Pct in 2016: Ministry

Vehicle Registration Grew 3.9 Pct in 2016: Ministry

SEOUL, Jan. 17 (Korea Bizwire) – The number of registered vehicles in South Korea continued to grow, nearing 22 million in 2016, the government said Tuesday.  Car registrations came to 21,803,351 units as of end-2016, up 3.9 percent or some 813,000 from a year earlier, according to the Ministry of Land, Infrastructure and Transport.  The [...]