SEOUL, March 24 (Korea Bizwire) — Nearly three in ten patients who have fallen prey to the new coronavirus in South Korea suffered from dementia, local health authorities said Tuesday. The country’s COVID-19 death toll has risen to 124 as of Tuesday, up 13 from a day earlier, the Korea Centers for Disease Control and [...]
SEOUL, March 24 (Korea Bizwire) — Major business groups in South Korea greatly expanded their bank loans this month, data showed Tuesday, amid a potential credit crunch caused by the new coronavirus outbreak that apparently limited their direct financing. As of March 20, outstanding loans extended by five major banks to large companies came to [...]
SEOUL, March 23 (Korea Bizwire) — The number of part-time workers in South Korea grew at the fastest clip among major economies over the past decade since the global financial crisis due largely to increased labor costs, a report showed Monday. The number of South Koreans working fewer than 30 hours per week came to [...]
SEOUL, March 20 (Korea Bizwire) – South Korea has seen an increase in TV viewing over the last few weeks as the rapid spread of the infectious coronavirus has kept more people at home, industry data showed Friday. TV watching in South Korea jumped about 16.6 percent between the second and fourth weeks of February, [...]
SEJONG, March 19 (Korea Bizwire) — The number of South Koreans getting married sank to an all-time low in 2019, government data showed Thursday, as young people increasingly delay marriage amid a prolonged economic slowdown. The number of couples tying the knot in Asia’s fourth-largest economy reached 239,200 in 2019, down 7.2 percent from the [...]
SEOUL, March 19 (Korea Bizwire) — The amount of time people spent on mobile applications on their digital devices increased last month in South Korea, data showed Thursday, amid the spread of the novel coronavirus. South Koreans spent an average daily time of 3.9 hours using their mobile apps in February, up 7 percent from [...]
SEOUL, March 19 (Korea Bizwire) — Gold funds in South Korea have posted dismal returns over the past month amid falling gold prices due to the coronavirus scare, data showed Thursday. Local gold funds with assets of 1 billion won (US$796,000) or more registered an average return of minus 12.45 percent over the last one-month [...]
SEOUL, March 18 (Korea Bizwire) — More than 2,500 performing art shows and exhibitions have been canceled for the first four months of this year, resulting in heavy financial damage to the arts industry, a report showed Wednesday. According to the report by the private Federation of Artistic & Cultural Organization of Korea, a total [...]
SEOUL, March 18 (Korea Bizwire) — The coronavirus outbreak threatens to batter South Korea’s state airport, railway and highway operators due to tumbling demand for travel, data showed Wednesday. The spread of the respiratory disease, whose first confirmed case in South Korea was reported on Jan. 20, has halted almost all flights to and from [...]
SEOUL, March 17 (Korea Bizwire) — The usage of food, shopping and gaming mobile applications increased sharply last month in South Korea, data showed Tuesday, amid the spread of the novel coronavirus. The number of food and beverage apps installed organically in South Korea between Feb. 1 and March 2 increased about 39 percent compared [...]