SEOUL, June 1 (Korea Bizwire) — South Korean carmakers’ sales rose 41 percent last month from a year earlier on strong overseas demand amid a quicker-than-expected recovery from the COVID-19 pandemic and a lower base effect, industry data showed Tuesday. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung [...]
SEOUL, May 31 (Korea Bizwire) — Mobile users on 5G networks in South Korea reached over 15 million last month, data showed Monday, as telecom operators race to acquire more users on the latest generation networks. As of the end of April, 5G subscriptions stood at 15.15 million, accounting for 21.25 percent of the total [...]
SEOUL, May 31 (Korea Bizwire) — The number of foreign visitors to South Korea surged by nearly 140 percent last month, a public corporation said Monday, attributing the explosive growth to a COVID-19-induced base effect. In April, 70,112 foreign nationals arrived here, up 138.4 percent from a year earlier, according to the government-invested Korea Tourism [...]
SEOUL, May 31 (Korea Bizwire) — Nearly seven out of 10 South Koreans are willing to take vaccine shots to combat the coronavirus, a poll showed Monday. According to the survey conducted from April 25-27 jointly by the Central Disaster and Safety Countermeasures Headquarters and the Ministry of Culture, Sports and Tourism, 69.2 percent of [...]
SEOUL, May 31 (Korea Bizwire) — The number of employees at local businesses grew on-year by 2.1 percent in April on the back of an economic recovery, the labor ministry said Monday. As of the last business day of April, there were 18.6 million people employed by companies, up 379,000 from the same month last [...]
JEJU, May 31 (Korea Bizwire) – Jeju Island attracted more than 1 million tourists this month alone, industry data showed Monday, as the southern resort island raised its anti-COVID-19 social distancing measures by one notch to Level 2 on the same day to cope with growing local transmissions of the coronavirus. According to the data [...]
SEOUL, May 30 (Korea Bizwire) — The portion of single-member households in South Korea surpassed 30 percent of the total last year, a government survey showed Sunday, amid an increase in diverse forms of families. One-person families accounted for 30.4 percent of the total in 2020, according to a survey conducted on 11,000 households by [...]
SEOUL, May 30 (Korea Bizwire) — A growing number of South Koreans support replacing the current military draft with a volunteer system, a survey showed Sunday. According to the Gallup Korea poll, 43 percent of respondents were in favor of switching to the volunteer military system, while 42 percent were in favor of maintaining the [...]
SEOUL, May 27 (Korea Bizwire) — Retail sales in South Korea shot up 13.7 percent on-year in April on the back of an economic recovery amid the prolonged COVID-19 pandemic, data showed Thursday. The combined sales of 25 major offline and online retailers reached 12.3 trillion won (US$11 billion) last month, up from 10.8 trillion [...]
SEOUL, May 27 (Korea Bizwire) — South Korea’s exports of grapes shot up 35 percent on-year in 2020 to set a new record high, data showed Thursday, on the back of the growing popularity of local agricultural products overseas. Outbound shipments of grapes came to US$30.7 million in 2020, compared with $22.8 million posted a [...]