SEOUL, Dec. 29 (Korea Bizwire) — South Korea’s corporate capital spending is expected to expand nearly 4 percent in 2022 on a recovery in manufacturing activity and private consumption, a poll showed Wednesday. The survey of 3,700 big, midsize and small companies, taken by the state-run Korea Development Bank (KDB), showed their combined facility investments [...]
SEOUL, Dec. 29 (Korea Bizwire) — About 42 percent of South Koreans think that President Moon Jae-in did a good job in handling state affairs over the past five years, an approval rating slighly higher than the vote he received in the 2017 presidential election, a poll showed Wednesday. Moon, who was elected president with [...]
SEOUL, Dec. 29 (Korea Bizwire) — Citizens in Seoul picked infectious diseases, such as COVID-19, as the most dangerous health hazard, followed by fine dust and climate change, a survey showed Wednesday. Infectious diseases topped the list of dangerous health and environmental factors with 4.21 points on a 5-point scale in an online survey of [...]
SEOUL, Dec. 28 (Korea Bizwire) — About 78 percent of salaried workers support the 52-hour workweek that was introduced in 2018 to reduce long working hours, a labor ministry survey showed Tuesday. According to the survey of 1,300 people, 71 percent said the reduction of the maximum weekly working hours to 52 from 68 was [...]
SEJONG, Dec. 28 (Korea Bizwire) — The number of businesses in South Korea rose nearly 18 percent over the past five years as almost all industrial sectors posted gains, data showed Tuesday. Asia’s fourth-largest economy had a total of 6,013,000 businesses as of the end of 2020, up 17.8 percent from five years earlier, according [...]
SEJONG, Dec. 28 (Korea Bizwire) – The number of small companies in South Korea expanded nearly 5 percent in 2020 from a year earlier despite the pandemic, but their profit fell sharply, government data showed Tuesday. The country had 2,902,000 companies with fewer than five workers as of the end of 2020, up 4.7 percent [...]
SEOUL, Dec. 27 (Korea Bizwire) — The number of franchise outlets in South Korea rose more than 9 percent in 2020 despite the coronavirus pandemic, but their sales dropped for the first time since 2013, data showed Monday. Franchise stores numbered 235,709 as of end-December last year, up 9.5 percent from a year earlier, according [...]
SEOUL, Dec. 27 (Korea Bizwire) — The cost of living was cited as the most important economic issue of 2022 by Seoul citizens, a survey showed Monday. According to the survey on 1,200 households in the capital by the Seoul Institute, 19.2 percent of the respondents said the cost of living is the top economic [...]
SEOUL, Dec. 24 (Korea Bizwire) — The South Korean webtoon industry saw its combined sales top 1 trillion won (US$843.6 million) for the first time last year, government data showed Friday. The total sales of the local web-based comic market amounted to 1.05 trillion won in 2020, up 64.6 percent from a year earlier, according [...]
SEJONG, Dec. 24 (Korea Bizwire) — The number of single-member households in South Korea soared more than 27 percent in 2020 from five years earlier, government data showed Friday, amid a delay in marriage and a rapidly aging population. One-person families numbered 6.64 million last year, up 27.5 percent from five years earlier and accounting [...]