SEOUL, Nov. 16 (Korea Bizwire) – South Korea’s alcohol imports fell for the first time in 10 years in 2019 amid a boycott of Japanese beer due to a bilateral trade row, data showed Monday. South Korea’s liquor imports came to 466,000 kiloliters in 2019, down 6 percent from the previous year, according to the [...]
SEOUL, Nov. 13 (Korea Bizwire) — The number of moviegoers in South Korea jumped 55 percent in October from a month earlier thanks to sleeper hits and eased virus fears, a report showed Friday. A total of 4.63 million went to theaters last month, up 1.64 million, or 55 percent, from 2.99 million tallied in [...]
SEOUL, Nov. 12 (Korea Bizwire) — South Korea’s rice output fell to the lowest level in 52 years in 2020 as a record-long rainy season and typhoons in the summer hampered production, data showed Thursday. The country’s rice production came to 3.51 million tons this year, down 6.4 percent from 3.74 million tons last year, [...]
SEOUL, Nov. 12 (Korea Bizwire) — Online credit card spending in South Korea spiked more than 35 percent in September as consumers avoided going out due to the spread of the novel coronavirus, data showed Thursday. Online and telemarketing credit card purchases came to 10.29 trillion won (US$9.2 billion) in September, up 35.1 percent from [...]
SEOUL, Nov. 11 (Korea Bizwire) — Seoul’s apartment prices surged 58 percent during the presidency of Moon Jae-in, which is 4.5 times the increase rate of the combined period of the preceding Lee Myung-bak and Park Geun-hye governments, a civic group said Wednesday. The Citizens’ Coalition for Economic Justice (CCEJ), a leading progressive civic group, [...]
SEOUL, Nov. 10 (Korea Bizwire) — The ongoing nationwide shopping festival, aimed at boosting domestic consumption hit by the new coronavirus pandemic, has already seen notable results in terms of card spending and retail sales, the commerce ministry said Tuesday. The annual Korea Sale FESTA kicked off for a 15-day run on Nov. 1, with [...]
SEOUL, Nov. 10 (Korea Bizwire) — U.S. streaming giant Netflix Inc. is estimated to have brought in record-high paid subscriptions in South Korea last month, industry data showed Tuesday. An estimated 3.62 million viewers in South Korea presumably paid 51.4 billion won (US$45.9 million) for subscriptions in October, almost twofold from 26.2 billion won in [...]
SEOUL, Nov. 9 (Korea Bizwire) — Salaried employees in South Korea work for 8.05 hours on average per work day and take an average of 8.25 days off per month, a poll showed Monday. According to the survey of 1,000 workers aged between 19 and 55 by local pollster Embrain Public, 811 respondents said they [...]
SEOUL, Nov. 9 (Korea Bizwire) — Nearly half of South Koreans believe that there will be no major impact on inter-Korean relations when U.S. President-elect Joe Biden takes office early next year, a poll showed Monday. In the Realmeter survey of 500 people nationwide, aged 18 or older, conducted last Friday on prospects for Seoul-Pyongyang [...]
SEOUL, Nov. 7 (Korea Bizwire) — Coronavirus patients who used residential treatment centers run by the Seoul city government have expressed a relatively high level of satisfaction with their medical workers and facilities, a poll showed Saturday. The Seoul Health Foundation affiliated with the metropolitan government polled 412 people older than 19, who were treated [...]