SEOUL, Feb. 8 (Korea Bizwire) — Three South Korean electric vehicle (EV) battery makers saw their global market share decline in 2022 from a year earlier amid robust growth of Chinese rivals, industry data showed Wednesday. The trio — LG Energy Solution Ltd., SK Innovation Co. and Samsung SDI Co. — held a combined 23.7 [...]
SEOUL, Feb. 7 (Korea Bizwire) – South Korean shipbuilders lagged far behind their Chinese rivals in terms of new global orders to rank second in the world in February amid tumbling demand, industry data showed Tuesday. Local shipbuilders won a combined 640,000 compensated gross tons (CGTs) in new orders last month, accounting for 33 percent [...]
SEOUL, Feb. 6 (Korea Bizwire) — Older adults in Seoul estimate the average age of senior citizens at 72.6 years, a survey by the metropolitan government said Monday. The city government conducted the survey on 3,010 men and women over the age of 65 living in the capital for two months from last June to [...]
SEOUL, Feb. 6 (Korea Bizwire) — The number of international flights has returned to 60 percent of pre-pandemic levels in January, helped by increased travel to Japan and Asian countries, the transport ministry said Monday. In January, international flights that went through Incheon International Airport reached 27,206, recovering from the 45,046 flights marked in January [...]
SEOUL, Feb. 3 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 6.6 percent last month from a year earlier amid the lingering chip shortage, an industry association said Friday. The number of newly registered foreign vehicles stood at 16,222 units last month, up from 17,361 units a year ago, the Korea Automobile [...]
SEOUL, Feb. 2 (Korea Bizwire) — About one out of four South Koreans raised pet animals, and they spent 150,000 won (US$123) per month on average last year, a survey showed Thursday. According to the survey of 5,000 South Koreans aged between 20 and 64, a total of 1,272 people, or 25.4 percent, said they [...]
SEOUL, Feb. 2 (Korea Bizwire) — Retail sales in South Korea rose 9.2 percent on-year in 2022 on the back of growing outdoor activities on eased social distancing rules amid the prolonged COVID-19 pandemic, the industry ministry said Thursday. The combined sales of local offline retailers rose 8.9 percent on-year from the previous year, and [...]
SEOUL, Feb. 1 (Korea Bizwire) — Online shopping in South Korea reached a new record in 2022 following firm demand for travel services amid eased concerns over the pandemic, data showed Wednesday. The value of online shopping transactions stood at 206.4 trillion won (US$167.3 billion) in 2022, up 10.4 percent from the previous year, according [...]
SEOUL, Feb. 1 (Korea Bizwire) — The greenhouse gas emissions of South Korean large companies have increased by nearly 6 percent in recent years, going against the country’s carbon neutrality goal, a corporate tracker said Wednesday. The volume of greenhouse gases emitted by 50 big businesses in Asia’s fourth-largest economy reached 272.8 million tons in [...]
SEOUL, Jan. 31 (Korea Bizwire) — Sales of cigarettes in South Korea edged up 1.1 percent in 2022 from a year earlier, the finance ministry said Tuesday, despite the government’s anti-smoking campaign. South Korean smokers purchased 3.63 billion 20-cigarette packs in 2022, slightly up from 3.59 billion packs tallied a year earlier, according to the [...]