SEOUL, May 26 (Korea Bizewire) — South Korea’s exports of packaged traditional chicken soup, or “samgyetang,” have posted sharp growth in the first four months of 2020 from a year earlier, data showed Tuesday, amid the growing demand for ready-to-eat products around the globe due to the pandemic-led lockdowns. Outbound shipments of ready-to-eat samgyetang products [...]
SEOUL, May 25 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea sank 31 percent last month from a year earlier on an economic slowdown, an industry association said Monday. The number of newly registered imported commercial vehicles fell to 363 units in April from 526 a year ago, according to the Korea [...]
SEOUL, May 25 (Korea Bizwire) — More than 80 percent of vehicle plants in 13 major car-manufacturing countries resumed limited operations as of mid-May as new coronavirus restrictions were eased, an auto industry association said Monday. Vehicle plants in the United States and 12 other major car-manufacturing countries began to restart production, though not in [...]
SEOUL, May 24 (Korea Bizwire) — South Korea’s imports of consumer goods from Japan plunged 37 percent in April from a year earlier due to Japan’s export curbs and the new coronavirus impact on consumer spending, government data showed Sunday. The value of imported Japanese consumer goods fell on-year to US$249 million last month as [...]
SEOUL, May 24 (Korea Bizwire) — The number of visitors to South Korea’s national parks decreased 23.1 percent year-on-year last month due to the new coronavirus outbreak, the National Park Service said Saturday. A total of 2.78 million people visited the 22 national parks across the country, down from 3.62 million during the same period [...]
SEOUL, May 22 (Korea Bizwire) — South Korea’s pharmaceutical market grew more than expected in the first quarter of the year despite the new coronavirus outbreak, a report showed Friday. Domestic sales of South Korean and foreign pharmaceutical firms came to 5.06 trillion won (US$4.1 billion) in the January-March period, up 5.3 percent from a [...]
SEOUL, May 22 (Korea Bizwire) — South Korea’s first-quarter exports of eight new-industry goods jumped despite a drop in overall exports due to the new coronavirus pandemic, data showed Friday. Overseas shipments of those products came to US$21 billion in the January-March period, up 17 percent from a year earlier, according to the data from [...]
SEJONG, May 21 (Korea Bizwire) — South Korea’s household income rose in the first quarter from a year earlier, but the income gap between the haves and have-nots widened, as the employment situation of the low-income bracket worsened amid the coronavirus pandemic, a report showed Thursday. The average household earned 5.35 million won (US$4,357) per [...]
SEOUL, May 20 (Korea Bizwire) – South Korea’s household debt grew at the slowest pace in one year in the first quarter, central bank data showed Wednesday, amid a sharp decline in spending apparently caused by the new coronavirus outbreak that is expected to hurt the whole economy. Outstanding household credit came to 1,611.3 trillion [...]
SEOUL, May 20 (Korea Bizwire) — South Korea’s output of medical equipment and related materials passed 7 trillion won (US$5.7 billion) in 2019 on solid demand for dental treatment products, data showed Wednesday. About 7.3 trillion won worth of medical equipment and materials were produced in the country last year, up 11.8 percent from a [...]