SEOUL, Jan. 10 (Korea Bizwire) — Foreign direct investment (FDI) pledges made to South Korea surged 42.3 percent in 2021 from a year earlier to reach an all-time high, data showed Monday. Foreigners pledged to invest US$29.51 billion in South Korea in 2021, compared with $20.7 billion a year earlier, according to the data by [...]
SEOUL, Jan. 10 (Korea Bizwire) — South Korea’s exports of instant noodles reached an all-time high in the first 11 months of 2021 on their global popularity amid the coronavirus pandemic, data showed Monday. Asia’s fourth-largest economy exported US$607.9 million worth of instant noodles, or “ramyeon” in Korean, in the January-November period, up 10.6 percent [...]
SEOUL, Jan. 9 (Korea Bizwire) — South Korea’s exports of kimchi hit an all-time high last year thanks to its growing popularity, data showed Sunday. Outbound shipments of the spicy Korean traditional side dish came to a record US$159.9 million in 2021, resulting in a trade surplus of $19.2 million in the sector, according to [...]
SEOUL, Jan. 6 (Korea Bizwire) — More than 16,000 people joined a year-end bell-ringing festival hosted by the Seoul city government in the metaverse, the digital arm of the city said Thursday. The Seoul Digital Foundation said an accumulated 16,067 people joined the metaverse festival marking the new year during its eight-day run from Dec. [...]
SEOUL, Jan. 6 (Korea Bizwire) — South Korean shipbuilders received the largest orders in eight years in 2021, and the country ranked the world’s No. 1 in terms of the construction of high value-added vessels, the industry ministry said Thursday. Local shipbuilders won new orders totaling 17.44 million compensated gross tons (CGTs) last year, more [...]
SEOUL, Jan. 5 (Korea Bizwire) – South Korea’s exports of farm and fishery products surged more than 15 percent on-year to touch a new record high in 2021, government data showed Wednesday. Outbound shipments of agricultural, livestock and fisheries goods came to U$11.36 billion last year, up 15.1 percent from a year earlier, according to [...]
SEOUL, Jan. 5 (Korea Bizwire) — South Korea’s wine imports soared over 70 percent in 2021 as more people enjoyed drinking at home and alone amid the coronavirus pandemic, data showed Wednesday. Asia’s fourth-largest economy imported US$506.2 million worth of wine in the January-November period of last year, up 76 percent from a year earlier, [...]
SEOUL, Jan. 4 (Korea Bizwire) — Nine out of 10 South Koreans feel climate change firsthand and are willing to accept any inconvenience caused by policies to solve the problem, a poll showed Tuesday. According to the poll of 1,000 adults nationwide by a civic group, 89.2 percent answered that they actually feel the effects [...]
SEOUL, Jan. 4 (Korea Bizwire) — Online shopping in South Korea hit a fresh record high in November, data showed Tuesday, in the latest sign that a growing number of people are using computers and mobile devices to buy things, ranging from clothes to electronic goods amid the prolonged COVID-19 pandemic. The value of online [...]
SEOUL, Jan. 4 (Korea Bizwire) — Foreign direct investment pledged to South Korea’s free economic zones (FEZs) surged 42.8 percent in 2021, led by the overseas investment in bio and other new industry sectors, data showed Tuesday. The country’s nine FEZs received US$1.31 billion worth of FDI commitment last year, up from $910 million a [...]