SEOUL, May 19 (Korea Bizwire) — Household income grew at the fastest pace on record in the first quarter on the back of the economic recovery and state relief funds for pandemic-hit merchants, data showed Thursday. The average household earned 4.83 million won (US$3,800) per month in the January-March period, up 10.1 percent from a [...]
SEOUL, May 18 (Korea Bizwire) — South Korean listed firms saw their first-quarter earnings fall from a year ago amid fast-rising inflation despite growths in operating profit and sales, the bourse operator’s data showed Wednesday. The consolidated net profit of 608 companies listed on the benchmark KOSPI totaled 41.69 trillion won (US$32.84 billion) in the [...]
SEOUL, May 18 (Korea Bizwire) — Global tech behemoth Samsung Electronics Co. was ranked as the best-managed company among South Korea’s top 500 businesses in 2021 to retain the top spot for three years running, a corporate tracker said Wednesday. Samsung, the world’s top memory chip and smartphone maker, obtained 766.9 out of 800 points [...]
SEOUL, May 17 (Korea Bizwire) — Almost 4 in 10 South Korean listed companies trimmed their workforce in 2021 from a year earlier amid the prolonged coronavirus pandemic, a private think tank said Tuesday. The Korea Economic Research Institute (KERI) said a survey of 1,874 firms listed on the country’s main and minor bourses showed [...]
SEOUL, May 17 (Korea Bizwire) — The combined first-quarter sales of major firms in South Korea surpassed the 700 trillion-won (US$545 billion) mark for the first time on strong performances by chips, electronics, petrochemicals and auto manufacturers, a corporate tracker said Tuesday. The total top line of 344 out of South Korea’s top 500 companies [...]
SEOUL, May 16 (Korea Bizwire) — Half of older adults in Seoul have no experience using digital kiosks, a survey showed Monday, despite a rising number of businesses adopting such self-service electronic machines amid the pandemic. The poll released by the Seoul Digital Foundation, a digital arm of the city government, showed 45.8 percent of [...]
SEOUL, May 16 (Korea Bizwire) — South Korea’s car exports grew 12.4 percent in April from the previous year on the back of global popularity of eco-friendly cars, data showed Monday. Outbound shipments of automobiles stood at 196,780 units last month, compared with 175,015 units a year earlier, according to the data from the Ministry [...]
SEOUL, May 16 (Korea Bizwire) — South Korea’s main stock market saw its trading volume shrink more than 16 percent this month from a year earlier, data showed Monday, as investors remained on the sidelines amid inflation worries and other negatives. The daily trading volume of the country’s main bourse averaged 940 million shares during [...]
SEOUL, May 12 (Korea Bizwire) — South Korea’s major listed firms saw their sales jump more than 16 percent to an all-time high in 2021 despite the prolonged coronavirus pandemic, a corporate tracker said Thursday. The combined top line of the country’s leading 1,000 companies by sales stood at 1,734 trillion won (US$1.35 trillion) last [...]
SEOUL, May 12 (Korea Bizwire) — The daily number of riders on the Seoul subway system breached the 7 million mark for the first time in 1 1/2 years, data showed Thursday, partly on the back of rollbacks of COVID-19 restrictions. According to the data from Seoul subway operator Seoul Metro, 7,210,000 people rode subway [...]