SEOUL, April 12 (Korea Bizwire) — Fine dust emissions from coal plants more than halved over the past four-month period compared with two years earlier, data showed Monday, after the country limited their operations during the winter. Local coal plants generated 3,191 tons of fine dust from December last year to March 2021, sharply down [...]
SEOUL, April 10 (Korea Bizwire) — One in four Seoul citizens turned to “revenge spending” to make up for missed shopping during the coronavirus pandemic, a study has shown. According to a Wednesday report by the Seoul Institute, a think tank for the Seoul metropolitan government, 24.3 percent of those surveyed in the first quarter [...]
SEOUL, April 8 (Korea Bizwire) – Transactions on online food delivery apps in South Korea last year soared to over 20 trillion won (US$17.9 billion), data showed Thursday, as stay-at-home practices amid the pandemic propelled demand for online services. Total transactions on food delivery apps, such as Baedal Minjok, stood at 20.1 trillion won last [...]
SEOUL, April 7 (Korea Bizwire) — More than four in five South Koreans consider China to be a security threat, a survey showed Wednesday. According to the poll of 1,000 people conducted in March by Seoul-based Hankook Research for the U.S. think tank Chicago Council on Global Affairs (CCGA), 83 percent cited China as a [...]
SEOUL, April 7 (Korea Bizwire) — Foreign investors have been on a buying spree of South Korean stocks so far this month, picking up a net 2.2 trillion won (US$1.97 billion) worth of local shares, reversing their selling trend earlier this year. Offshore investors have been net buyers of local shares for five straight sessions [...]
SEOUL, April 6 (Korea Bizwire) — Online shopping in South Korea grew 15.2 percent on-year in February as more people bought products via e-commerce platforms amid the pandemic, data showed Tuesday. The value of online shopping transactions stood at 13.7 trillion won (US$12.2 billion) in February, compared with 11.9 trillion won the previous year, according [...]
SEOUL, April 6 (Korea Bizwire) — South Korea’s wearable device market grew more than 50 percent last year, industry data showed Tuesday, due to rising demand for IT products amid the pandemic-driven stay-at-home trend. Domestic shipments of wearable products, including smartwatches, wireless earphones and electronic wristbands, totaled 12.76 million units in 2020, up 50.7 percent [...]
SEOUL, April 5 (Korea Bizwire) — Daily transactions of internet banking services in South Korea rose 20.6 percent last year as customers preferred using financial services in a non-contact manner amid the pandemic, central bank data showed Monday. The value of daily transactions via online banking, including mobile banking, reached 58.7 trillion won (US$52 billion) [...]
SEOUL, April 5 (Korea Bizwire) — Sales of imported vehicles in South Korea jumped 34 percent in March from a year earlier on robust sales of German cars, an industry association said Monday. The number of newly registered foreign vehicles climbed to 27,297 units last month from 20,304 a year ago despite the COVID-19 pandemic, [...]
SEOUL, April 5 (Korea Bizwire) — South Korea’s household debt has been rising faster than that in most major economies to reach nearly 100 percent of its gross domestic product (GDP), a report showed Monday. The country’s household debt-to-GDP ratio stood at 98.6 percent as of the end of June last year, according to the [...]