SEOUL, July 7 (Korea Bizwire) — South Korea’s art market continued its upbeat mode in the first half of this year despite an economic slowdown, industry data showed Thursday. The total sales of artworks in Korea reached an estimated 532.9 billion won (US$410.1 million) in the first six months of 2022, according to data by [...]
SEOUL, July 7 (Korea Bizwire) — South Korea’s cosmetic exports posted a record-high amount, surpassing the 10 trillion-won mark for the first time in history, data showed Thursday. According to the Ministry of Food and Drug Safety, South Korea’s cosmetic exports grew 21.3 percent from the previous year and reached 10.5 trillion won (US$8.1 billion). [...]
SEOUL, July 7 (Korea Bizwire) — More than 40 percent of North Koreans are undernourished, a U.N. report showed Thursday amid concerns of food security in the impoverished country. According to the State of Food Security and Nutrition in the World 2022 report co-published by U.N. agencies, including the Food and Agriculture Organization, the U.N. [...]
SEOUL, July 6 (Korea Bizwire) — The number of airport bus passengers in Seoul increased by 2.6 times during the past six months, the city government said Wednesday, as the demand for air travel has spiked after the lifting of almost all COVID-19 social distancing restrictions in April. The number of rides performed by foreign [...]
SEOUL, July 6 (Korea Bizwire) — More than 8 in 10 South Korean consumers have the experience of ‘value consumption’ in which consumers choose products and services based on their values and faith, a survey showed Tuesday. Lotte Members, the membership service for Lotte Group companies, conducted a survey of 1,500 men and women in [...]
SEJONG, July 5 (Korea Bizwire) — South Korea’s exports of farm and fisheries products grew 14.6 percent in the first half of this year on solid demand for Korean food, data showed Tuesday. Outbound shipments of agricultural and fisheries goods came to US$6.21 billion in the January-June period, up from $5.42 billion from a year [...]
SEOUL, July 5 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 13 percent last month from a year earlier as a chip shortage continued to affect vehicle production, an industry association said Tuesday. The number of newly registered foreign vehicles stood at 22,695 units last month, down from 26,191 units a year [...]
SEOUL, July 5 (Korea Bizwire) — South Korea’s top five business groups have seen their assets surge nearly 40 percent over the past decade, a corporate tracker said Tuesday, pointing to their ever-growing clout in Asia’s fourth-largest economy. The combined assets of the leading five — Samsung, SK, Hyundai Motor, LG and Lotte — came [...]
SEOUL, July 4 (Korea Bizwire) — South Korea’s electricity demand touched a fresh all-time high in June as the country was struck by an early heat wave, data showed Monday. The country’s maximum power demand averaged 71,805 megawatts (MW) last month, up 4.3 percent from a year earlier and marking the highest tally for any [...]
SEOUL, July 4 (Korea Bizwire) — Complaints about unfair operations and the interruption of internal communications within police forces are rampant among police officers in their 20s and 30s, a survey showed Sunday. The Korean National Police University’s Police Science Institute recently conducted a survey of 1,131 newly-appointed police officers. In response to a question [...]