SEOUL, March 24 (Korea Bizwire) — Sales of South Korea’s top instant noodle makers posted strong sales in 2020 thanks to brisk demand amid the coronavirus pandemic, data showed Wednesday. Nongshim Co. said its sales of instant noodles, or “ramyeon” in Korean, came to 2.09 trillion won (US$1.85 billion) last year, up 16.3 percent from [...]
SEOUL, March 23 (Korea Bizwire) — South Korea, home to chipmaking giants such as Samsung Electronics Co. and SK hynix Inc., was the world’s third-largest market for semiconductor materials in 2020, a report showed Tuesday, moving down one spot from a year earlier after posting an under-par industry average growth. The country’s chip materials market [...]
SEOUL, March 22 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea fell 24 percent in February from a year earlier on lower demand amid the extended coronavirus pandemic, an industry association said Monday. The number of newly registered imported commercial vehicles fell to 261 units last month from 344 a year earlier, [...]
SEOUL, March 22 (Korea Bizwire) — South Korea said Monday it will seek to expand the size of the local pet fish market by 35 percent through 2025 by developing more homegrown species while encouraging the public to adopt them. Under the goal, the size of the local pet fish market will reach 657 billion [...]
SEOUL, March 21 (Korea Bizwire) — The volume of cargo processed at South Korea’s seaports declined 2.3 percent in February from a year earlier, data showed Sunday, amid economic jitters caused by the new coronavirus pandemic. Local seaports handled 118 million tons of cargo last month, compared with 121 million tons posted a year earlier, [...]
SEOUL, March 19 (Korea Bizwire) — South Korea’s outbound shipments of medical products to the European Union (EU) more than doubled on-year in 2020, data showed Friday, with Seoul seeking to further expand exchanges with the EU to cope with the coronavirus pandemic. Exports of pharmaceutical products and medical instruments came to US$4.67 billion in [...]
SEOUL, March 19 (Korea Bizwire) — The number of big-name retailers’ beauty stores in South Korea declined for the first time in 2020 as more customers turned to online shopping amid the coronavirus pandemic, data showed Friday. The country’s three major health and beauty (H&B) chains — Olive Young, lalavla and LOHB’s — had a [...]
SEJONG, March 18 (Korea Bizwire) – The number of South Koreans getting married fell at a double-digit rate to an all-time low in 2020 amid young people’s changing attitude toward marriage and the negative impact of the coronarvirus pandemic, government data showed Thursday The number of couples tying the knot in Asia’s fourth-largest economy reached [...]
SEOUL, March 18 (Korea Bizwire) — South Koreans are estimated to have spent more than 70 billion won (US$62.4 million) for Netflix’s video streaming services last month, more than tripling from the previous year, data showed Thursday. Local credit and debit card payments on the video streaming platform reached 72.5 billion won in February, the [...]
SEOUL, March 17 (Korea Bizwire) — South Korea reported job losses for the 12th straight month in February as the new coronavirus outbreak continued to deal a blow to the job market, data showed Wednesday. The number of employed people reached 26.3 million last month, 473,000 fewer than a year earlier, according to the data [...]