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S. Korea’s Auto Output Slips to World’s Sixth-Largest in 2016

S. Korea’s Auto Output Slips to World’s Sixth-Largest in 2016

SEOUL, Jan. 9 (Korea Bizwire) – South Korea’s local automobile output dropped significantly from a year earlier in 2016, also slipping a notch to the world’s sixth-largest producer of cars, industry data showed Monday.  According to the data from the Korea Automobile Manufacturers Association (KAMA), five South Korea-based automakers produced a combined total of 4,228,536 [...]

Avg. Age of Workers at SMEs Growing as Younger Generation Opts Out: Survey

Avg. Age of Workers at SMEs Growing as Younger Generation Opts Out: Survey

SEOUL, Jan. 6 (Korea Bizwire) – The average age of workers at small and mid-sized businesses (SMEs) is rising as the younger generation seeks jobs at bigger conglomerates for better pay and stability, a survey showed Friday.  A study carried out from May to September last year on 8,000 SMEs said 25.6 percent of their [...]

Six out of 10 Cancer Patients Drink During Treatment: Study

Six out of 10 Cancer Patients Drink During Treatment: Study

SEOUL, Jan. 5 (Korea Bizwire) – Six out of 10 cancer patients with experience of drinking still consume alcohol during treatment, a study showed Thursday.  According to the study conducted by Koh Hyun-young of Samsung Medical Center, 546 out of 906 people, or 60.3 percent, said that they have drank alcohol after being diagnosed with [...]

More Vietnamese Living in Korea Now Than Americans

More Vietnamese Living in Korea Now Than Americans

SEOUL, Dec. 27 (Korea Bizwire) – The proportion of Vietnamese among foreigners residing in South Korea was higher than Americans for the second straight month in November due to an increase in the number of women from the Southeast Asian country getting married with South Korean men, government data showed Tuesday.  The immigration office under [...]

Unmarried Population in Their 30s Rises to Record High in 2015

Unmarried Population in Their 30s Rises to Record High in 2015

SEJONG, Dec. 19 (Korea Bizwire) – More than 35 percent of thirtysomethings in South Korea remained unmarried last year amid a widespread late marriage trend in the country, census data showed Monday.  According to the 2015 census by Statistics Korea, out of 42.7 million people aged 15 or over, 13.4 million, or 31.3 percent, were [...]

S. Korea’s Air Passenger Traffic Reaches Record High

S. Korea’s Air Passenger Traffic Reaches Record High

SEOUL, Dec. 19 (Korea Bizwire) – South Korea’s air passenger traffic has reached a new high on a sharp increase in international passengers to and from the country, the transportation ministry said Monday.  Air passenger traffic has already reached over 100 million as of Monday, breaching the 100 million mark for the first time in [...]

Imported Auto Market in S. Korea to Contract for 1st Time in 7 Yrs

Imported Auto Market in S. Korea to Contract for 1st Time in 7 Yrs

SEOUL, Dec. 8 (Korea Bizwire) – Imported car sales in South Korea are expected to suffer an on-year fall this year for the first time in seven years, apparently affected by weaker demand for diesel cars and sales bans of popular models, industry sources said Thursday.  A total of 205,162 imported vehicles have been sold [...]

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

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

SEJONG, Dec. 2 (Korea Bizwire) – Online shopping in South Korea reached a fresh record high in October on a nationwide discount event, a government report showed Friday.  Total online transactions reached a record 5.6 trillion won (US$4.8 billion) in October, up 17.3 percent from 4.8 trillion won a year earlier, according to the report [...]

Single-Person Households Paying More Taxes than Couples with Children: Study

Single-Person Households Paying More Taxes than Couples with Children: Study

SEOUL, Nov. 23 (Korea Bizwire) – No tax specific to single-person households currently exists in Korea. But a recent study found that various tax benefits provided to married couples with children, mainly as countermeasures to Korea’s low marriage and birth rates, are creating an equally viable effect, imposing higher tax burdens on Korea’s single population.  [...]