SEOUL, Nov. 23 (Korea Bizwire) — Retail sales in South Korea increased 8.4 percent in October from a year earlier on the back of the pandemic and consumption-boosting events, data showed Monday. The combined sales of 26 major offline and online retailers reached 12.01 trillion won (US$10.7 billion) last month, up from 11.08 trillion won [...]
SEOUL, Nov. 22 (Korea Bizwire) – Nearly two-thirds of South Korean manufacturing firms believe that the business environment will not change much under the forthcoming Joe Biden administration in the United States, a poll showed Sunday. According to a survey conducted by the Korea Chamber of Commerce and Industry (KCCI), 65.3 percent of local manufacturers [...]
SEOUL, Nov. 22 (Korea Bizwire) — Environmentally friendly cars, such as electric vehicles (EVs) and hydrogen-powered cars, make up more than 3 percent of the total vehicles registered in South Korea, a report from the country’s transport ministry showed Sunday. There were 766,464 green vehicles registered in South Korea as of end-October, accounting for 3.16 [...]
SEOUL, Nov. 20 (Korea Bizwire) — Card spending made during a massive nationwide annual shopping festival earlier this month rose 6.3 percent from a year earlier, the trade ministry said Friday, amid the new coronavirus outbreak. Card spending amounted to 37.4 trillion won (US$33.5 billion) in the Nov. 1-15 period, when the country held the [...]
SEOUL, Nov. 19 (Korea Bizwire) — South Korean households saw their income earned through wages decline for the second straight quarter in the third quarter as the new coronavirus outbreak dealt a blow to the job market, data showed Thursday. The average household earned 5.31 million won (US$4,774) per month in the July-September period, up [...]
SEOUL, Nov. 19 (Korea Bizwire) — South Korean university graduates who land white-collar jobs at large corporations are paid an average of about 33 million won (US$29,700) in annual starting salary as of June this year, government data showed Thursday. According to the data released by the labor ministry, local companies with more than 500 [...]
SEOUL, Nov. 18 (Korea Bizwire) — One in three South Koreans picked the outbreak of a new disease as the biggest source of social anxiety this year, a survey showed Wednesday, underscoring people’s jitters over the new coronavirus pandemic. The poll by Statistics Korea showed that 32.8 percent of those surveyed said they consider the [...]
SEOUL, Nov. 17 (Korea Bizwire) — Nearly half of the population in South Korea’s farming areas was aged 65 and older last year as younger people flocked to cities for education and jobs, data showed Tuesday. The portion of those aged 65 and above accounted for 46.6 percent of the total population residing in rural [...]
SEOUL, Nov. 17 (Korea Bizwire) — The number of multiple home owners in South Korea grew by more than 90,000 over the past year, data showed Tuesday, amid the government’s efforts to curb rising home prices. The number of multiple home owners reached 2.28 million as of Nov. 1, 2019, up 92,000 from 2.19 million [...]
SEOUL, Nov. 16 (Korea Bizwire) — More than seven out of every 10 South Koreans support the government’s fine imposed on those not wearing masks in public spaces, a public opinion survey showed Monday. A new rule came into force last Friday, subjecting those who fail to wear a mask in public to a 100,000 [...]