SEOUL, Jul. 26 (Korea Bizwire) — South Korea’s rapidly aging population is likely to reduce the nation’s overseas equities investment as seniors will likely move to sell assets due to falling living standards, researchers at the Bank of Korea (BOK) said Wednesday. As the global financial markets become more interconnected, older people will have a [...]
SEOUL, Jul. 26 (Korea Bizwire) — Sales of smartphones through online platforms in South Korea remain sluggish compared with other countries, data showed Wednesday, due mainly to strong dominance of mobile carriers in the mobile phone market. According to the data compiled by Strategy Analytics, the sales of smartphones through online platforms in the country [...]
SEJONG, Jul. 25 (Korea Bizwire) — Fine dust levels have decreased some 15 percent in the central region of South Korea following the temporary shutdown of eight old coal-fired power plants last month as part of the government’s efforts to reduce the country’s air pollution levels, a study showed Tuesday. Starting June 1, the thermal [...]
SEOUL, Jul. 25 (Korea Bizwire) — S. Korea’s big name exporters have stepped up their lobbying activities in the United States after the Donald Trump administration took office, data showed Tuesday, apparently to smooth out potential trade issues. U.S. Senate Lobbying Disclosure Database showed that tech giant Samsung Electronics spent US$1.47 million on lobbying activities [...]
SEOUL, Jul. 23 (Korea Bizwire) — Over 50,000 houses remained uninhabited in South Korea’s rural areas last year, agricultural ministry data released by a ruling party lawmaker showed Saturday. The number of empty rural houses was tallied at 50,801 as of August 2016, rising from 48,901 in 2014 and 48,685 in 2015, the data showed. [...]
SEOUL, Jul. 23 (Korea Bizwire) — Record high temperatures sweeping South Korea is causing people to change the way they shop, with more consumers opting to purchase goods at night, industry data showed Sunday. Retail data compiled by stores like E-Mart showed from July 1 through the 20th, people visiting stores from 8 p.m. to [...]
SEOUL, Jul. 21 (Korea Bizwire) — Online shopping is experiencing a growth surge, accounting for close to 20 percent of all retail sales in the first quarter of this year, data showed Friday. Retail transactions in the three months to March totaled 96.56 trillion won (US$85.83 billion), a growth of 4.7 percent from the same [...]
SEOUL, Jul. 17 (Korea Bizwire) – South Korea’s coal-fired power generation increased this year as the country’s new government vows to reduce its dependence on fossil fuels and nuclear power, industry data showed Monday. According to the data compiled by the Korea Power Exchange, coal-fired power generation reached 95,550 gigawatt-hours (GWh) in the first five [...]
SEOUL, Jul. 16 (Korea Bizwire) — South Korea’s car exports to the United States have declined, rather than increased, after the two countries abolished import taxes last year as part of their free trade agreement, data showed Sunday. The Korea Automobile Manufacturers Association (KAMA) published the analysis that rebuts a widespread belief in the U.S. [...]
SEOUL, Jul. 16 (Korea Bizwire) — The value of South Korea’s overseas investment funds has jumped more than 40 percent over the past year as big-time investors look overseas for high returns despite the recent bull of the domestic stock market, data showed Sunday. According to the data by the Korea Financial Investment Association, the [...]