SEOUL, March 9 (Korea Bizwire) – Spending on private education for children declined nearly 12 percent last year amid the fallout of the pandemic, data showed Tuesday. Total expenditures on private education for primary, middle and high school students amounted to 9.3 trillion won (US$8.1 billion) last year, down 11.8 percent from a year earlier, [...]
SEOUL, March 8 (Korea Bizwire) — Fewer than 10,000 foreign tourists visited South Korea a month last year after the outbreak of the coronavirus pandemic, official data showed Monday. According to the state-run Korea Tourism Organization (KTO), the average number of foreign travelers here was only 9,722 per month from April to December last year, [...]
SEOUL, March 5 (Korea Bizwire) — Online shopping in South Korea grew more than 20 percent in January from a year earlier as the protracted pandemic promoted more people to buy products via e-commerce platforms, data showed Friday. The value of online transactions stood at 15.1 trillion won (US$13.3 billion) in January, up 22.4 percent [...]
SEOUL, March 4 (Korea Bizwire) — Sales of imported vehicles in South Korea jumped 33 percent in February from a year earlier on robust sales of German cars, an industry association said Thursday. The number of newly registered foreign vehicles climbed to 22,290 units last month from 16,725 a year ago despite the COVID-19 pandemic, [...]
SEOUL, March 4 (Korea Bizwire) — South Korea’s wine imports reached a record high in 2020 as more people enjoyed drinking at home and alone due to the coronavirus outbreak, data showed Thursday. Asia’s fourth-largest economy imported 54,127 tons of wines last year, up 24.4 percent from a year earlier, according to the data by [...]
SEOUL, March 3 (Korea Bizwire) — Apartment prices in Seoul have continued to rise under the Moon Jae-in government, except for four months, despite a string of measures to stabilize the market, a civic group survey showed Wednesday. Such a policy failure has sharply widened the gap in the values of assets owned by homeowners [...]
SEOUL, March 3 (Korea Bizwire) — The average amount of time South Koreans spent using the internet reached over 20 hours per week last year, 2.7 hours more than the time spent the previous year amid the stay-at-home trend driven by the pandemic, a report showed Wednesday. South Koreans used the internet 20.1 hours a [...]
SEOUL, March 2 (Korea Bizwire) — South Korean carmakers’ sales rose 4.8 percent last month from a year earlier helped by strong demand for SUVs amid the COVID-19 pandemic, industry data showed Tuesday. The five carmakers in South Korea — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor [...]
SEOUL, March 2 (Korea Bizwire) — South Korea’s online food delivery service market spiked nearly 80 percent in 2020 from a year earlier amid the coronavirus pandemic, government data showed Tuesday. The value of online food service transactions came to 17.4 trillion won (US$15.5 billion) last year, up 78.6 percent from the previous year, according [...]
SEOUL, March 1 (Korea Bizwire) — The portion of male births of the total newborns in South Korea declined to a record low last year, data showed Monday, in the latest sign that traditional preference for male children has waned. The ratio of baby boys to every 100 newborn girls came to 104.9 last year, [...]