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, [...]
SEOUL, Feb. 28 (Korea Bizwire) — South Korean retail investors’ stock frenzy appears to be going strong with their net stock buying nearing 100 trillion won since January last year, industry data showed Sunday. According to the data, individual investors scooped up a net 99.24 trillion won (US$87.92 billion) since January 2020, with the monthly [...]
SEOUL, Feb. 27 (Korea Bizwire) – The number of foreigners diagnosed with COVID-19 in South Korea has soared this year due mainly to the steady outbreaks of cluster infections at industrial workplaces, a government agency said Saturday. According to the Central Disease Control Headquarters, 1,747 foreign nationals have tested positive for the coronavirus here since [...]
SEOUL, Feb. 26 (Korea Bizwire) – South Korea’s 5G subscriptions jumped by over one million for the first time last month to reach nearly 13 million users, data showed Friday. The country’s 5G subscriptions reached 12.87 million as of end-January, up 1.02 million from the previous month, according to the data from the Ministry of [...]
SEOUL, Feb. 26 (Korea Bizwire) – The number of moviegoers in January dropped sharply to a record low for the month due to fallout from the protracted novel coronavirus pandemic, a report showed Friday. A total of 1.79 million people went to cinemas last month, down 89.4 percent from a year ago, according to the [...]
SEOUL, Feb. 26 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea rose 15 percent in January from a year earlier on improved demand despite the coronavirus pandemic, an industry association said Friday. The number of newly registered imported commercial vehicles rose to 436 units last month from 379 a year earlier, the [...]
SEOUL, Feb. 25 (Korea Bizwire) — South Korea’s fisheries output hit a four-year low last year due largely to sluggish aquaculture production and a fall in consumption amid the pandemic, data showed Thursday. The total fisheries output amounted to 3.71 million tons last year, down 3.8 percent from the previous year, according to Statistics Korea. [...]
SEOUL, Feb. 25 (Korea Bizwire) — Retail sales in South Korea rose 6 percent in January from a year earlier as more consumers purchased daily necessities from online stores, with the demand for gift items ahead of the Lunar New Year’s holiday also bolstering the sales, data showed Thursday. The combined sales of 26 major [...]