SEOUL, Oct. 27 (Korea Bizwire) — Credit card loans in South Korea soared more than 34 percent in September as cash-strapped people scrambled to borrow from card firms amid a protracted coronavirus outbreak, industry data showed Tuesday. New loans extended by seven credit card firms — Shinhan, KB Kookmin, Woori, Hana, Samsung, Hyundai and Lotte [...]
SEOUL, Oct. 26 (Korea Bizwire) – YouTube ranked as the fifth most trustworthy media in South Korea in the third quarter, beating other traditional local outlets, a survey showed Monday. The state-run broadcaster KBS topped the list with 17.7 percent trust level in the survey conducted by Kantar Korea, a research firm, and commissioned by [...]
SEOUL, Oct. 26 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea jumped 26 percent last month from a year earlier on robust sales of Scania and Iveco trucks, an industry association said Monday. The number of newly registered imported commercial vehicles rose to 383 units in September from 304 a year ago, [...]
SEOUL, Oct. 25 (Korea Bizwire) — Retail sales in South Korea advanced 8.5 percent in September from a year earlier as online shops enjoyed brisk sales amid the new coronavirus pandemic, data showed Sunday. The combined sales of 26 major offline and online retailers reached 11.9 trillion won (US$10 billion) last month, up from 11.16 [...]
SEOUL, Oct. 25 (Korea Bizwire) — South Korea saw its sales of luxury imported cars rise sharply over the first nine months of the year despite the new coronavirus pandemic straining the economy, data showed Sunday. The combined sales of imported automobiles with a price tag of more than 100 million won (US$88,600) surpassed 30,000 [...]
SEOUL, Oct. 23 (Korea Bizwire) — South Koreans gave their country a score of nearly 70 out of a possible 100 points when it comes to the society-wide response to the coronavirus pandemic, a poll showed Friday. According to the poll of 2,247 people nationwide conducted by public broadcaster KBS from Sept. 11-16, South Korean [...]
SEJONG, Oct. 22 (Korea Bizwire) — The number of beef cattle in South Korea surged to a record high in the third quarter of the year on increased beef consumption, government data showed Thursday. There were 3.39 million beef cattle, including Korean-bread cattle known as “hanwoo,” in the country as of Sept. 1, up 3.9 [...]
SEOUL, Oct. 21 (Korea Bizwire) — Exports of South Korean quarantine products to Africa have rocketed this year thanks to Seoul’s good handling of the coronavirus pandemic, data showed Wednesday. Shipments of diagnostic agents to 49 sub-Saharan countries stood at US$49.84 million in the first nine months of this year, about 25 times higher than [...]
SEOUL, Oct. 21 (Korea Bizwire) — Young South Korean workers have borne the brunt of the fallout from the coronavirus outbreak that first struck Asia’s fourth-largest economy in late January, data showed Wednesday. The number of employed South Koreans began to dwindle in March in the wake of the outbreak of COVID-19 as the flu-like [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korea’s 5G download speed is the world’s second fastest, reaching an average speed of 336.1 megabits per second (Mbps), a report showed Tuesday. The country was only behind Saudi Arabia, which delivered an average 5G download speed of 377.2 Mbps, according to a report from industry tracker Opensignal, [...]