SEOUL, Dec. 1 (Korea Bizwire) — South Korea’s whisky imports spiked nearly 62 percent in the first 10 months of the year as more people drank at home amid the coronavirus pandemic, data showed Thursday. The value of imported whisky stood at US$218 million in the January-October period, up 61.8 percent from a year earlier, [...]
SEOUL, Nov. 30 (Korea Bizwire) — South Korea’s imports of camping and hiking equipment rose 2.5 percent on-year through October this year, data showed Wednesday, as more people enjoyed activities avoiding crowds amid the pandemic. The combined imports of leisure equipment, including camping and hiking gear, came to US$304 million in the January-October period, rising [...]
SEOUL, Nov. 30 (Korea Bizwire) — Large South Korean companies saw their third-quarter borrowing costs jump more than 40 percent from a year earlier due to rising interest rates, a corporate tracker said Wednesday. The combined interest cost of 268 out of the country’s top 500 firms by sales came to 6.2 trillion won (US$4.7 [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Koreans’ overseas card spending continued to grow in the third quarter as outbound travel spiked bolstered by eased pandemic curbs, central bank data showed Tuesday. The amount of money spent overseas by South Koreans with cards, including credit and debit cards, came to US$3.81 billion in the July-September [...]
SEOUL, Nov. 29 (Korea Bizwire) — Retail sales in South Korea grew 7.3 percent on-year in October, as people’s outdoor activities and demand for various services grew amid eased antivirus curbs, data showed Tuesday. The combined sales of 25 major offline and online retailers came to 14.66 trillion won (US$10.95 billion) last month, compared with [...]
SEOUL, Nov. 27 (Korea Bizwire) — Nearly 60 percent of economic and financial experts worry that South Korea could face a financial crisis in the short term amid concerns that spiking borrowing costs could weigh on businesses and households, a central bank survey showed Sunday. According to the survey that the Bank of Korea (BOK) [...]
SEJONG, Nov. 24 (Korea Bizwire) — South Korea added 628,000 jobs for wage workers in the second quarter of 2022 amid the recovery of the services and construction sectors amid eased COVID-19 restrictions, data showed Thursday. The number of paid employee jobs came to 20.2 million in the April-June period, up from 19.57 tallied a [...]
SEOUL, Nov. 23 (Korea Bizwire) — The number of babies born in South Korea reached yet another record-low level in September, data showed Wednesday, leading to an overall decrease in the country’s population. A total of 21,885 babies were born in September, down 0.1 percent from the previous year, according to the data from Statistics [...]
SEOUL, Nov. 22 (Korea Bizwire) — Around 17 percent of South Korean women experienced a career break following their marriage this year, with child-rearing among the top reasons, data showed Tuesday. The number of women aged 15-54 who had stopped working after marriage had come to 1.39 million as of April, slightly down from 1.44 [...]
SEOUL, Nov. 22 (Korea Bizwire) — Seoul National University (SNU) consumed the most energy among all facilities in Seoul in 2021 for the 10th year in a row, data showed Tuesday. According to the data by the Seoul Metropolitan Government, the country’s most prestigious university consumed 53,318 tons of oil equivalent (TOEs) of energy last [...]