SEOUL, Sept. 4 (Korea Bizwire) — South Koran exports of ice cream swelled more than 11 percent in the first eight months of the year despite a slump in the country’s overall overseas shipments, official data showed Friday. Overseas shipments of South Korean ice-cream products came to US$47 million in the January-August period, up 11.1 [...]
SEJONG, Sept. 3 (Korea Bizwire) — Online shopping jumped 15.8 percent from a year earlier in July, data showed Thursday, as the coronavirus pandemic prompted more shoppers to buy goods via e-commerce platforms. The value of online transactions came to 12.96 trillion won (US$10.9 billion) in the month, up 1.76 trillion won from the same [...]
SEOUL, Sept. 3 (Korea Bizwire) — South Korea’s outbound shipments of agricultural products rose nearly 5 percent on-year in the first eight months of 2020, data showed Thursday, helped by the rising demand for instant products amid the new coronavirus pandemic. Exports of agricultural goods, which include processed foodstuffs, reached US$4.8 billion in the January-August [...]
SEOUL, Sept. 3 (Korea Bizwire) — Sales of imported vehicles in South Korea jumped 21 percent in August from a year earlier due to strong demand for German cars, an industry association said Thursday. The number of newly registered foreign vehicles rose to 21,894 units last month from 18,122 a year earlier, the Korea Automobile [...]
SEOUL, Sept. 2 (Korea Bizwire) – South Korean carmakers’ vehicle sales fell 11 percent last month from a year earlier as the new coronavirus outbreak continued to affect consumer sentiment, industry data showed Tuesday. The five carmakers in South Korea — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and [...]
SEOUL, Sept. 2 (Korea Bizwire) — South Korea’s imports of coffee expanded more than 5 percent in the first seven months of the year despite the coronavirus outbreak, data showed Tuesday. Imports of coffee stood at 90,355 tons in the January-July period, up 5.37 percent from a year earlier, according to the data from the [...]
SEJONG, Sept. 2 (Korea Bizwire) – More than 3.09 million Korean women live alone, with growing numbers engaged in economic activities, government statistics showed Wednesday. According to Statistics Korea, one-woman households accounted for 50.3 percent of the total 6.14 million single-person households this year. The statistics agency expects the number to continue to rise to [...]
SEOUL, Sept. 1 (Korea Bizwire) – South Korea’s 5G users reached nearly 8 million in July after the country first offered the service in April last year, government data showed Tuesday. As of July, the country had 7.86 million 5G users, up 487,190 from the previous month, according to data compiled by the Ministry of [...]
SEOUL, Aug. 31 (Korea Bizwire) — South Korea’s nonstore retail sales jumped more than 19 percent to a new all-time high in the first half of the year due to the coronavirus outbreak, data showed Monday. Consumer spending through online shopping and other nonstore channels swelled 19.4 percent on-year to 46.2 trillion won (US$39.1 billion) [...]
SEOUL, Aug. 31 (Korea Bizwire) — Deposits in South Korean cash management accounts have surged nearly 20 percent this year to reach a fresh record high, industry sources said Monday. The net asset value of cash management accounts offered by local brokerage houses reached 60.4 trillion won (US$51.1 billion) as of Thursday, up from 51.8 [...]