SEOUL, July 29 (Korea Bizwire) — South Korea’s large businesses have cut nearly 12,000 jobs in the wake of the coronavirus outbreak, a corporate tracker said Wednesday. According to data from CEO Score, the number of subscribers to the country’s state pension fund at 498 large corporations fell by 11,880 between February and June. The [...]
SEOUL, July 28 (Korea Bizwire) — South Koreans are estimated to spend 25 hours and 40 minutes on the video-sharing website YouTube every month, industry data showed Tuesday. In total, local YouTube users spent a combined 864 million hours on the website in June, up 25.9 percent from the same period a year earlier, according [...]
SEJONG, July 28 (Korea Bizwire) — About 67 percent of South Korean senior citizens want to keep working until the age of 73 on average, data showed Tuesday. The data from Statistics Korea showed that 9.62 million, or 67.4 percent, of the 14.27 million South Koreans aged between 55 and 79 said they want to [...]
SEOUL, July 27 (Korea Bizwire) — Estimated financial losses caused by the new coronavirus in the areas of culture, sports and tourism in South Korea have reached over 7 trillion won (US$5.84 billion), according to the government Monday. In a report submitted to the National Assembly’s culture, tourism and sports committee, the culture ministry estimated [...]
SEOUL, July 27 (Korea Bizwire) — Duty-free sales rose for the second straight month in June, but their sales still remained half of pre-pandemic figures, industry data showed Monday. Combined sales at duty-free shops in South Korea reached 1.11 trillion won (US$923 million) in June, up 9.3 percent from a month earlier, according to the [...]
SEOUL, July 27 (Korea Bizwire) — South Korea’s auto output sank nearly 20 percent to an 11-year low in the first half of the year due to the coronavirus outbreak, industry data showed Monday. Industry leader Hyundai Motor Co. and four other automakers produced 1.63 million vehicles in the January-June period, down 19.8 percent from [...]
SEJONG, July 24 (Korea Bizwire) — Only one-third of people with disabilities had jobs last year, data showed Friday, underscoring the employment challenges facing disabled people. The employment rate of disabled people stood at 34.9 percent in 2019, compared with the rate of 60.9 percent for the total population, according to the data from Statistics [...]
SEOUL, July 24 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea fell 12 percent last month from a year earlier on an economic slowdown, an industry association said Friday. The number of newly registered imported commercial vehicles fell to 324 units in June from 366 a year earlier, according to the Korea [...]
SEJONG, July 23 (Korea Bizwire) — The number of beef cattle in South Korea hit a record high in the second quarter of the year amid rising beef prices, government data showed Thursday. There were 3.33 million beef cattle, including Korean-bread cattle known as “hanwoo,” in the country as of June 1, up 2.7 percent [...]
SEOUL, July 22 (Korea Bizwire) — South Korean babies born in 2018 are expected to live over 82 years, two years longer than the Organization for Economic Cooperation and Development’s average, as many take care of their health with regular medical checkups and treatment, data showed Wednesday. The figure remains unchanged from the year before, [...]