SEOUL, Dec. 14 (Korea Bizwire) — South Korea’s Hyundai Motor Co. topped the global hydrogen vehicle sales in the first nine months of the year on rising demand for the Nexo model, data showed Monday. In the first nine months, Hyundai Motor sold a total of 4,917 hydrogen fuel cell electric vehicles, accounting for 74 [...]
SEOUL, Dec. 14 (Korea Bizwire) — South Korea’s auto exports dropped 10.2 percent on-year in November, falling at a faster pace compared with the previous month, amid the global resurgence of new coronavirus cases. Local carmakers shipped a combined 190,657 units of automobiles overseas last month, according to the data compiled by the Ministry of [...]
SEOUL, Dec. 11 (Korea Bizwire) — Almost half of South Koreans either lost their jobs or saw their income fall due to the new coronavirus outbreak, a report showed Friday, in a sign that the job market remains sluggish amid the pandemic. The report by Statistics Korea showed that 49.7 percent of respondents said the [...]
SEOUL, Dec. 10 (Korea Bizwire) — More than 4 out of every 10 newlywed couples in South Korea had no children last year, data showed Thursday, amid the country’s chronic low birthrate and the trend of late marriages. Of 998,000 first-time and newly married couples — who had been legally married in the five years [...]
SEOUL, Dec. 10 (Korea Bizwire) — South Korean exports of instant noodles jumped more than 30 percent in the first 10 months of the year amid the coronavirus pandemic, a report said Thursday. Overseas shipments of instant noodles, or “ramyeon” in Korean, came to US$573 million in the January-October period, up 32.4 percent from a [...]
SEOUL, Dec. 9 (Korea Bizwire) — South Korea invested almost 90 trillion won (US$83 billion) in research and development (R&D) last year, making it the fifth-largest spender among members of the Organization for Economic Cooperation and Development (OECD), the ICT ministry said Wednesday. The South Korean government and the private sector’s total R&D spending in [...]
SEOUL, Dec. 9 (Korea Bizwire) — Major South Korean companies’ spending on research and development (R&D) rose nearly 2 percent in the first three quarters of the year despite weaker sales amid the coronavirus pandemic, a corporate tracker said Wednesday. R&D expenditures by 217 large companies in Asia’s fourth-largest economy totaled 40.2 trillion won (US$37 [...]
SEOUL, Dec. 8 (Korea Bizwire) — Sales of South Korea’s transportation industry reached an all-time high in 2019 thanks to a surge in demand for home deliveries, government data showed Tuesday. The transportation sector’s top line stood at nearly 152 trillion won (US$140 billion) last year, up 3.5 percent from the previous year, according to [...]
SEOUL, Dec. 8 (Korea Bizwire) — The portion of single-member households in South Korea surpassed 30 percent of the total for the first time in 2019, data showed Tuesday, amid a delay in marriage and rapidly aging population. One-person families accounted for 30.2 percent of the total last year, up 29.3 percent from the previous [...]
SEOUL, Dec. 7 (Korea Bizwire) — The average annual labor income peaked at the age of 45 for South Korean workers in 2017, while those aged 59 began spending more than they earned, data showed Monday. People aged 45 saw their annual average labor income hit 33.54 million won (US$31,000) per person in 2017 during [...]