SEOUL, Jan. 25 (Korea Bizwire) — South Korean exports of red pepper paste jumped more than 35 percent in 2020 from a year earlier thanks to the global popularity of Korean pop culture, known as the Korean Wave, data showed Monday. Overseas shipments of red pepper paste, called “gochujang” in Korean, came to US$50.93 million [...]
SEOUL, Jan. 25 (Korea Bizwire) — South Korean retail investors’ holdings of shares in electric vehicle leader Tesla Motors Inc. soared nearly 32 percent this year to cross the US$10 billion mark, data showed Monday. Local individual investors owned $10.33 billion worth of Tesla shares as of Friday, up 31.9 percent from the end of [...]
SEOUL, Jan. 24 (Korea Bizwire) — Air traffic volume in South Korea halved year-on-year in 2020 due to the coronavirus pandemic, government data showed Sunday. The Ministry of Land, Infrastructure and Transport said the number of flight operations last year totaled 421,000, down 50 percent from 2019. The volume on domestic routes fell 10.4 percent [...]
SEOUL, Jan. 21 (Korea Bizwire) — South Korea’s national gender equality level improved for the fifth straight year in 2019, as more women were appointed to senior government posts and committees, a government report showed Thursday. The country’s gender equality index stood at 73.6 out of 100 in 2019, inching up 0.5 points from the [...]
SEOUL, Jan. 21 (Korea Bizwire) — Local retail sales of processed rice products shot up nearly 11 percent in 2019 from a year earlier due to the growing demand from single-member households while more people opt for convenient meals, data showed Thursday. Retail sales of processed rice products, including ready-to-eat steamed rice, porridge, and noodles, [...]
SEOUL, Jan. 20 (Korea Bizwire) — The number of registered vehicles in South Korea grew nearly 3 percent in 2020 from a year earlier, with that of green cars exceeding the 800,000 mark, government data showed Wednesday. The total number of car registrations came to 24,365,979 units at the end of last year, up 2.9 [...]
SEOUL, Jan. 20 (Korea Bizwire) — The number of North Koreans defecting to South Korea dropped sharply last year apparently due to the North’s border closure to prevent an outbreak of the coronavirus, government data showed Wednesday. According to the data provided by the unification ministry, a total of 229 North Koreans settled down in [...]
SEOUL, Jan. 19 (Korea Bizwire) — Women in Seoul spend nearly four times more hours on housework than men, a city government report showed Tuesday. According to the 2020 Seoul gender statistics report, girls and women aged 15 or older spent 2 hours and 26 minutes on household chores every day, which was about 3.6 [...]
SEOUL, Jan. 19 (Korea Bizwire) — South Koreans are estimated to have spent over 500 billion won (US$454 million) on global video streaming service Netflix last year, doubling the amount tallied the previous year, data showed Tuesday. Local credit card payments on the video streaming service are estimated to have reached 517.3 billion won last [...]
SEOUL, Jan. 18 (Korea Bizwire) — Over a third of non-regular workers have experienced unemployment since the new coronavirus broke out in South Korea in January 2020, a survey showed Monday. According to a survey by Embrain Public conducted on 1,000 salaried workers aged between 19 and 55 on four occasions in April, June, September [...]