SEOUL, June 28 (Korea Bizwire) — Three out of 10 adults under the age of 50 live with their parents, instead of living independently, a state-run think tank said Tuesday, casting light on the spreading phenomena of late marriage and non-marriage in Korean society. According to a research report issued by the Korea Institute for [...]
SEOUL, June 28 (Korea Bizwire) — Retail sales in South Korea rose 10.1 percent on-year in May on the back of growing demand for fashion-related items and other services amid the government’s relaxation of COVID-19 curbs and the growth in people’s outdoor activities, the industry ministry said Tuesday. The combined sales of 25 major offline [...]
SEOUL, June 24 (Korea Bizwire) — Consumption of gasoline and diesel in South Korea jumped more than 40 percent in May from a month earlier, as expanded fuel tax subsidies channeled pent-up demand from the pandemic, data showed Friday. The combined consumption of the two fuel types reached 24.82 million barrels, up 43 percent from [...]
SEOUL, June 23 (Korea Bizwire) — The number of foreigners staying in South Korea bounced back above the 2 million mark last month for the first time in 15 months, immigration data showed Thursday. According to the data by the justice ministry’s immigration policy bureau, 2,012,862 foreigners were staying in the country as of May, [...]
SEOUL, June 23 (Korea Bizwire) — The number of households that moved from urban areas to farming villages reached an all-time high last year amid the prolonged COVID-19 pandemic and soaring housing prices, data showed Thursday. The number of such households came to 377,744 in 2021, up 5.6 percent from a year earlier, according to [...]
SEOUL, June 22 (Korea Bizwire) — South Korea’s major firms saw their earnings nearly double to hit a 20-year high in 2021, despite the prolonged coronavirus pandemic, a corporate tracker said Wednesday. The combined bottom line of the country’s leading 1,000 companies by sales stood at 127.1 trillion won (US$98 billion) last year, up 99.6 [...]
SEOUL, June 22 (Korea Bizwire) — The number of babies born in South Korea fell to a record low in April amid the chronically low birthrate, while that of deaths hit an all-time high due to rapid aging and the COVID-19 pandemic, data showed Wednesday. A total of 21,124 babies were born in April, down [...]
SEOUL, June 21 (Korea Bizwire) — The number of employed one-person households in South Korea showed a steep increase last year amid an economic recovery, government data showed Tuesday. As of October 2021, the number of working one-person households jumped by 440,000 on-year to 4.14 million households, according to the data compiled by Statistics Korea. [...]
SEOUL, June 19 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. saw the total sales of their eco-friendly cars exceed 3 million units, industry data showed Sunday, 13 years after they began rolling out hybrid vehicles. South Korea’s top automaker and its affiliate sold 393,509 eco-friendly cars, including plug-in hybrid and all-electric vehicles, in [...]
SEOUL, June 17 (Korea Bizwire) — South Korea’s overseas direct investment more than doubled on-year in the first quarter of this year amid an economic recovery from the COVID-19 pandemic, the finance ministry said Friday. The value of investments made overseas by South Korean companies reached US$25.4 billion in the January-March period, up from $11.34 [...]