SEOUL, Aug. 7 (Korea Bizwire) — South Korea’s exports of instant noodles hit a fresh all-time high in the first half on the increasing popularity of Korean pop culture and a rise in demand for home-cooked food amid the pandemic, data showed Sunday. Exports of instant noodles, or “ramyeon” in Korean, came to US$383.4 million [...]
SEOUL, Aug. 7 (Korea Bizwire) — About one out of eight mid-aged people in South Korea has borrowed money due to economic challenges caused by the coronavirus pandemic, a survey showed Sunday. According to the survey of 3,923 people by the Korea Institute for Health and Social Affairs, 12.5 percent of people in their 40s [...]
SEOUL, Aug. 5 (Korea Bizwire) — Passenger traffic at Incheon International Airport, South Korea’s main gateway, is expected to be significantly lower than forecast during this year’s peak summer vacation season, officials said Friday, apparently due to the recent resurgence of COVID-19. Incheon International Airport Corp. had previously predicted that a daily average of about [...]
SEOUL, Aug. 4 (Korea Bizwire) — The amount of bills and coins discarded due to severe damage shrank 14.1 percent on-year in the first half amid increased prevalence of non-cash transactions, data showed Thursday. A total of 191.66 million damaged bills and coins were discarded in the January-June period, compared with 223.10 million tallied in [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korea experienced the hottest first 10 days of July on record last month, according to the state weather agency Thursday. The average temperature for July 1-10 was 27.1 C, the hottest since the Korea Meteorological Administration (KMA) began expanding observations nationwide in 1973. The average temperature — figured [...]
SEOUL, Aug. 3 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 12 percent last month from a year earlier as the chip shortage continued to affect vehicle production, an industry association said Wednesday. The number of newly registered foreign vehicles stood at 21,423 units last month, down from 24,423 units a year [...]
SEOUL, Aug. 3 (Korea Bizwire) — The combined workforce of large South Korean companies expanded 1.5 percent in the first half of the year from a year earlier amid eased COVID-19 restrictions, a corporate tracker said Wednesday. The number of workers hired by 459 out of the country’s top 500 firms by sales totaled 1.55 [...]
SEOUL, Aug. 2 (Korea Bizwire) — South Korea’s electricity consumption reached a record monthly high last month, as the country was gripped by a sweltering heat wave, the power operator said Tuesday. The country’s average maximum power consumption came to 82,007 megawatts (MW) in July, up 1 percent from a year earlier, according to the [...]
SEOUL, Aug. 1 (Korea Bizwire) — Online shopping in South Korea rose around 10 percent in June from a year ago as the lifting of COVID-19 restrictions boosted demand for travel and leisure services and food, data showed Monday. The value of online shopping transactions came to 16.8 trillion won (US$12.9 billion) in June, up [...]
SEOUL, July 31 (Korea Bizwire) — Apartment transactions in South Korea fell more than 50 percent on-year in the first half of 2022 due mainly to the government’s tough lending curbs and rising interest rates, data showed Sunday. The number of apartments traded nationwide stood at 184,134 units in the January-June period, down 50.6 percent [...]