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, [...]
SEJONG, Dec. 21 (Korea Bizwire) — The number of foreign workers in South Korea declined for the second consecutive year in 2020 in the wake of the coronavirus pandemic, government data showed Monday. Asia’s fourth-largest economy had 848,000 foreign employees as of the end of May, down 1.8 percent from the previous year, according to [...]
SEOUL, Dec. 21 (Korea Bizwire) — South Korean exports of instant noodles jumped more than 28 percent in the first 11 months of the year amid the coronavirus pandemic, data showed Monday. Overseas shipments of instant noodles, or “ramyeon” in Korean, came to US$549.72 million in the January-November period, up 28.4 percent from a year [...]
SEOUL, Dec. 20 (Korea Bizwire) — South Korea’s exports of kimchi rose sharply in the first 11 months of the year thanks to its growing popularity, data showed Sunday. Overseas shipments of kimchi came to US$132 million in the January-November period, already surpassing last year’s total, according to the customs data. Kimchi is a traditional [...]
SEOUL, Dec. 17 (Korea Bizwire) — The number of South Korean moviegoers nose-dived more than 80 percent on-year in November as the third wave of the novel coronavirus pandemic hit the country, data showed Thursday. A total of 3.59 million people went to theaters last month, down 80.7 percent from 18.6 million tallied a year [...]
SEOUL, Dec. 17 (Korea Bizwire) — South Korea’s exports of music albums and videos soared to a new high this year thanks to the global popularity of BTS, BLACKPINK and other K-pop groups, government data showed Thursday. Overseas shipments of albums and related products came to US$170 million in the first 11 months of the [...]
SEOUL, Dec. 17 (Korea Bizwire) — South Korea’s domestic demand for steel is forecast to hit the lowest level in 11 years in 2020 due to the fallout from the coronavirus outbreak, a trade body said Thursday. The Korea Iron & Steel Association said domestic steel demand is likely to reach the 48 million-ton range [...]
SEOUL, Dec. 16 (Korea Bizwire) — Seven out of 10 South Koreans plan to travel abroad after coronavirus vaccines are developed, a survey showed Wednesday. According to Incheon International Airport Corp.’s recent survey, 70.2 percent of South Koreans and 82 percent of foreign nationals said they have overseas travel plans after the development of COVID-19 [...]
SEOUL, Dec. 15 (Korea Bizwire) — South Korean companies’ earnings declined by the most in 11 years in 2019, as the manufacturing sector remained sluggish amid the global economic slowdown, data showed Tuesday. Their combined before-tax net profit reached 102 trillion won (US$93.3 billion) in 2019, down 37.1 percent from the previous year, according to [...]
SEOUL, Dec. 15 (Korea Bizwire) — The number of overseas tourists visiting South Korea is expected to slump to the lowest level in 32 years amid the new coronavirus pandemic that has practically paralyzed the global tourism sector, data showed Tuesday. The number of foreigners who visited the country in the January-October period reached 2.39 [...]