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S. Koreans Prefer Expensive or Low-priced Import Cars: Data

S. Koreans Prefer Expensive or Low-priced Import Cars: Data

SEOUL, May 25 (Korea Bizwire) — South Koreans preferred to buy expensive or low-priced imported vehicles in the January-April period, industry data showed Wednesday. In the four-month period, sales of imported vehicles priced at less than 30 million won (US$27,000) jumped 81 percent to 2,960 units from a year earlier, numbers released by the Korea [...]

Foreign Tourists Fall 27 pct Last Month amid THAAD Row

Foreign Tourists Fall 27 pct Last Month amid THAAD Row

SEOUL, May 23 (Korea Bizwire) — The number of foreign tourists to South Korea fell 27 percent in April from a year earlier as demand from China fell dramatically, the country’s tourism agency said Monday. Last month, a total of 1.07 million foreigners visited the country. Chinese travelers plunged 67 percent year-over-year to 227,811, according [...]

Over 10 pct of Regular Workers Think They Are Temps: Report

Over 10 pct of Regular Workers Think They Are Temps: Report

SEOUL, May 23 (Korea Bizwire) — More than 10 percent of full-time workers in South Korea consider themselves as nonregular employees because of poor working conditions, a report said Monday. According to the report by the Korea Labor Institute, 10.7 percent of South Korea’s regular workers believe they are temporary employees owing to long work [...]

BMW, Mercedes-Benz Sell More Cars in S. Korea than Japan

BMW, Mercedes-Benz Sell More Cars in S. Korea than Japan

SEOUL, May 22 (Korea Bizwire) — German carmakers BMW and Mercedes-Benz sold more vehicles in South Korea in the January-April period compared to Japan, an industry association said Sunday. Vehicle sales by BMW and Mercedes-Benz jumped 48 percent and 32 percent year-on-year, respectively, to 18,115 and 24,877 units in the Korean market during the first [...]

Asset Size of S. Korea’s Top 4 Biz Groups Expands 30 pct in 5 yrs

Asset Size of S. Korea’s Top 4 Biz Groups Expands 30 pct in 5 yrs

SEOUL, May 22 (Korea Bizwire) — Asset size of South Korea’s top four business conglomerates grew by more than 30 percent over the past five years, a corporate information provider said Sunday. Data provided by Chaebul.com showed combined assets of Samsung, Hyundai Motor, SK and LG stood at 864.9 trillion won as of end 2016, [...]

South Korea Suicide Rate Ranks 4th Despite Slight Improvement, According to WHO

South Korea Suicide Rate Ranks 4th Despite Slight Improvement, According to WHO

SEOUL, May 19 (Korea Bizwire) – Despite a modest improvement over the past five years, South Korea still remains among the countries with the highest suicide rates in the world, a new WHO report has revealed. The South Korean suicide rate is 28.4 per 100,000 individuals, ranking fourth among 183 countries surveyed in the 2017 [...]

S. Korea Lags Behind Rivals in Attracting Foreign Talent

S. Korea Lags Behind Rivals in Attracting Foreign Talent

SEOUL, May 17 (Korea Bizwire) — South Korea lags behind rival industrialized countries in attracting talented foreign workers, various industry data showed Tuesday, despite the government’s effort to ease its visa issuance system to cope with the country’s declining labor force. The number of foreigners residing in South Korea jumped from 1.4 million in 2011 [...]

South Koreans Spent 5.6 Billion Minutes on Facebook in April

South Koreans Spent 5.6 Billion Minutes on Facebook in April

SEOUL, May 12 (Korea Bizwire) – South Koreans spent 5.6 billion minutes on Facebook last month, topping the list amongst all social media apps, according to the latest report from WiseApp. The app analytics company based its study on 23,663 Android users in the country, excluding iPhone users. Following Facebook was Naver’s Band, a mobile [...]

Over 200,000 Foreign Residents Take out Life Insurance Policies: Data

Over 200,000 Foreign Residents Take out Life Insurance Policies: Data

SEOUL, May 10 (Korea Bizwire) — The number of foreign residents who took out life insurance policies here topped 200,000 in 2015, with their subscriptions rising at an annual rate of 16 percent over the past five years, industry data showed Sunday. According to the data compiled by the Korea Insurance Development Institute, a total [...]