SEOUL, July 22 (Korea Bizwire) — South Korea’s exports of kimchi rose sharply in the first half of the year thanks to its growing popularity, data showed Wednesday. Overseas shipments of kimchi came to 20,259 tons in the January-June period, accounting for 68.3 percent of full-year exports in 2019, according to the data from the [...]
SEOUL, July 21 (Korea Bizwire) — Apartment prices in Seoul have risen the most during President Moon Jae-in’s term compared with previous administrations, a report by a civic group showed Tuesday. The average price of 82.6-square-meter apartment flats in the capital rose by 450 million won (US$375,438) on average during the first three years of [...]
SEOUL, July 20 (Korea Bizwire) — South Korea’s mail volume fell at the biggest-ever pace in the first half of the year as the coronavirus outbreak sharply reduced demand, data showed Monday. Mail volume in Asia’s fourth-largest economy came to 1.59 billion pieces during the January-June period, down 8.9 percent from a year earlier, according [...]
SEJONG, July 20 (Korea Bizwire) — The employment rate for people in their 40s in South Korea hit a 21-year low in June as the coronavirus pandemic hammered job markets, data showed Monday. According to the data from the nation’s statistics agency, the employment rate for 40-somethings stood at 76.9 percent last month, marking the [...]
SEOUL, July 20 (Korea Bizwire) — South Korean households’ debt is one of the world’s highest when compared to the country’s economic size while its debt grew at one of the highest rates in the first three months of the year, a report showed Monday. As of end-March, South Korea’s household debt came to 97.9 [...]
SEOUL, July 20 (Korea Bizwire) — The number of human immunodeficiency virus (HIV) infections among adolescents in South Korea has been rising in recent years, a report said Monday, stressing the need for state efforts to stem the trend. South Korea reported 469 new HIV patients in their 10s and 20s in 2019, up sharply [...]
SEOUL, July 20 (Korea Bizwire) – Three-fourths of large companies in South Korea are resorting to flextime in the wake of the coronavirus pandemic, a poll showed Monday. According to the survey of 120 big businesses concerned, 75 percent of the respondents said they have newly adopted or expanded flextime due to the COVID-19 outbreak. [...]
SEOUL, July 19 (Korea Bizwire) — South Korean imports of beer fell for the first time last year in a decade, largely on a nationwide boycott of Japanese products amid a yearlong trade dispute, data showed Sunday. Imports of beer stood at 360,000 tons in 2019, down 7.2 percent from 387,000 tons a year earlier, [...]
SEOUL, July 19 (Korea Bizwire) — South Korea’s exports of ice cream to Vietnam jumped 30 percent in 2019 from a year earlier on the back of the growing popularity of Korean culture in Southeast Asia, data showed Sunday. Outbound shipments of ice cream to Vietnam reached US$7 million in 2019, rising sharply from $5.3 [...]
SEJONG, July 16 (Korea Bizwire) — The number of South Korean overseas travelers and foreign visitors slightly fell last year as fewer people entered the country, data showed Thursday. The number of international migrants, referring to those who spend 90 days or more in South Korea, stood at 1.46 million people in 2019, down 0.9 [...]