SEOUL, Dec. 30 (Korea Bizwire) — South Korea’s benchmark stock index skyrocketed over 30 percent this year from a year ago, buoyed by strong buying of individual investors and expectations of a speedy recovery from the pandemic next year, the bourse operator said Wednesday. In the final trading session of 2020 on Wednesday, the benchmark [...]
SEOUL, Dec. 30 (Korea Bizwire) – South Korea’s 5G download speed and overall quality improved in the second half of the year from the first half as the country races to deploy nationwide coverage of the latest generation network, a report showed Wednesday. The average download speed on the high-speed network from the country’s three [...]
SEOUL, Dec. 29 (Korea Bizwire) — The value of South Korea’s space industry stood at 3.89 trillion won (US$3.5 billion) last year, a report showed Tuesday. The industry’s size slightly dipped from that of 2018, when it reached 3.93 trillion won, according to data compiled by the Ministry of Science and ICT. The science ministry [...]
SEOUL, Dec. 28 (Korea Bizwire) — Claims over faulty parts in electric vehicles have soared in South Korea over the past five years, the transport ministry said Monday. The number of registered EVs jumped to 131,923 units at the end of November this year from a meager 10,855 at the end of 2016, according to [...]
SEOUL, Dec. 27 (Korea Bizwire) — South Korea’s antitrust watchdog said Sunday 42 large business groups earned a combined 1.42 trillion won (US$1.29 billion) by selling brand licenses to their affiliates last year amid concerns conglomerate owners could glean profits from such transactions. The 2019 tally marked a 7.6 percent rise from the previous year’s [...]
SEOUL, Dec. 23 (Korea Bizwire) — The number of babies born in South Korea declined by the fastest on-year pace in 19 years in October, data showed Wednesday, underscoring the country’s chronic low birth rate. The data compiled by Statistics Korea showed that 21,934 babies were born in October, down 14.4 percent from a year [...]
SEOUL, Dec. 23 (Korea Bizwire) — About 73 percent of South Koreans are positive about incoming U.S. President Joe Biden holding a summit with North Korean leader Kim Jong-un either unconditionally or in case of real progress in nuclear negotiations, a survey showed Wednesday. According to the poll conducted by the state-run Korea Institute for [...]
SEOUL, Dec. 23 (Korea Bizwire) — Over half of South Koreans think the speed at which coronavirus vaccinations are carried out is more important than verifying their safety, a public survey showed Wednesday. In the Realmeter survey conducted on 500 people aged 18 or older nationwide Tuesday, 54.9 percent of the respondents said the country [...]
SEOUL, Dec. 22 (Korea Bizwire) — Over 70 percent of South Koreans participated in a nationwide boycott of Japan-made goods in one form or another amid an ongoing trade dispute between Seoul and Tokyo, a survey showed Tuesday. In a six-day survey by market researcher Embrain conducted on 1,000 adults below the age of 60 [...]
SEOUL, Dec. 22 (Korea Bizwire) — The number of workers taking parental leave rose 4.5 percent in 2019 from a year earlier, data showed Tuesday, with women still accounting for the majority of such employees. According to the data compiled by Statistics Korea, the number of workers taking parental leave came to 159,153 in 2019, [...]