SEOUL, Oct. 12 (Korea Bizwire) — South Korea’s coal consumption for electricity generation decreased 7 percent in 2019 from a year earlier due to its efforts to cut carbon emissions, a report said Monday. Asia’s fourth-largest economy consumed 94 million tons of coal to generate electricity, compared with 101 million tons a year earlier, according [...]
SEOUL, Oct. 11 (Korea Bizwire) — YouTube content creators who work alone earned an average monthly income of 1.78 million won (US$1,540) last year, a ruling party lawmaker said Sunday. Fifty eight “one-person” YouTubers reported a combined annual income of 1.24 billion won ($1.07 million) to the tax authority in 2019, according to Rep. Yang [...]
SEOUL, Oct. 8 (Korea Bizwire) — Doctors with private practices make an average of 20.3 million won (US$17,535) a month, nearly double what they earned a decade ago, a lawmaker said Thursday. Rep. Jang Chul-min of the ruling Democratic Party said he deduced the average monthly earnings of private practice doctors from their health insurance [...]
SEOUL, Oct. 8 (Korea Bizwire) — South Koreans are estimated to have spent nearly 30 hours on YouTube in September, a report showed Thursday, far surpassing other popular social media apps. South Korean users spent an average of 29.5 hours on Google’s video-sharing app last month, compared with 12 hours on KakaoTalk, the country’s top [...]
SEOUL, Oct. 8 (Korea Bizwire) — Small merchants in South Korea close up shop nearly six months after their establishment due to mainly falling sales, a poll showed Thursday. The survey of 400 former small merchants across the nation showed that they were forced to go out of business an average of 6.4 months after [...]
SEOUL, Oct. 7 (Korea Bizwire) — Sales of imported vehicles in South Korea rose 15 percent in September from a year earlier due to strong demand for German cars, an industry association said Wednesday. The number of newly registered foreign vehicles rose to 21,839 units last month from 20,204 a year earlier, the Korea Automobile [...]
SEOUL, Oct. 7 (Korea Bizwire) — More than 280 million personal data records have been leaked from public and private organizations over the past eight and a half years, a ruling party lawmaker said Wednesday, calling for reinforcing relevant liability insurance regulations. Rep. Kim Byung-wook of the Democratic Party, citing data from the Personal Information [...]
SEOUL, Oct. 5 (Korea Bizwire) — The combined revenue for South Korean movie theaters declined by over 70 percent as the new coronavirus pandemic has continued for months, according to a lawmaker Monday. Cinemas across the country posted revenue of 415.1 billion won (US$356.9 million) in the first nine months of this year, more than [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korea’s mobile subscriptions topped 70 million in August thanks to a pickup in 5G users, data showed Monday. As of August, the country had 70 million mobile accounts, up 201,119 from the previous month, according to data from the ICT ministry. South Korea has a population of 51.8 [...]
SEOUL, Oct. 5 (Korea Bizwire) — The number of reported suicide attempts and self-inflicted injuries among young South Koreans nearly doubled from 2015 to 2019, according to a ruling party lawmaker Monday. The number of those who sought medical attention from either suicide attempts or self harm aged between 9 and 24 reached 9,828 in [...]