SEOUL, May 31 (Korea Bizwire) — South Korea’s National Assembly has begun its four-year term with the highest number of female lawmakers, including the country’s first-ever female vice speaker of the unicameral legislature. Among the 300 representatives, who started their four-year term Saturday, 57 members, or 19 percent, are women, marking the largest number in [...]
SEOUL, May 31 (Korea Bizwire) — South Korean held 3.9 credit cards on average last year, data showed Sunday, as credit card holdings in the country continue to increase as more people use credit cards as their preferred payment method. There were 110.98 million credit cards in South Korea as of end-2019, up 5.92 million [...]
SEOUL, May 28 (Korea Bizwire) — The COVID-19 pandemic is taking its toll on employment in South Korea, with the biggest drop in the population of corporate employees reported in April, a government report showed Thursday. The number of people employed by all South Korean businesses that have at least one worker came to 18.22 [...]
SEOUL, May 28 (Korea Bizwire) — Nearly 70 percent of South Korean youths think that reunification with North Korea is necessary, a survey showed on Thursday. According to the poll conducted by the National Youth Policy Institute, 67.8 percent of 3,228 elementary, middle and high school students replied that two Koreas need to reunify. Among [...]
SEOUL, May 28 (Korea Bizwire) — Retail sales in South Korea rose 3.9 percent in April from a year earlier on the back of rising demand for online platforms as more people refrained from going outside amid the new coronavirus pandemic, data showed Thursday. The combined sales of 26 major offline and online retailers reached [...]
SEOUL, May 28 (Korea Bizwire) — South Korea’s exports of cosmetics grew at the slowest pace in eight years in 2019 amid a litany of unfavorable external factors, industry data showed Thursday. Overseas shipments of cosmetics stood at US$6.49 billion last year, up 3.6 percent from a year earlier, according to the data from the [...]
SEOUL, May 27 (Korea Bizwire) — The size of South Korea’s insects industry rose 8 percent in 2019 from a year earlier, data showed Wednesday, as a growing number of companies raise or process insects for foodstuffs, pets and other purposes. The combined sales of local insect-related companies reached 40.5 billion won (US$32.9 million) in [...]
SEOUL, May 27 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. became the fourth-largest seller of electric vehicles (EVs) globally in the first quarter of the year, industry data showed Wednesday. Hyundai and Kia sold a combined 24,116 EVs in the January-March period, accounting for 8 percent of the global market, [...]
SEOUL, May 26 (Korea Bizewire) — Global video streaming platform Netflix Inc. is estimated to have brought in record-high paid subscriptions in April amid the coronavirus pandemic, industry data showed Tuesday. An estimated 2 million paid viewers in South Korea presumably paid 43.9 billion won (US$35.5 million) for subscriptions last month, up 21 percent from [...]
SEJONG, May 26 (Korea Bizewire) — The number of international marriages with South Korean men has risen steadily over the past four years despite a drop in the country’s overall marriages, a report said Tuesday. A total of 17,687 South Korean men tied the knot with foreign women last year, up from 14,677 in 2015, [...]