SEOUL, March 4 (Korea Bizwire) — Foreign selling of South Korean stocks skyrocketed in February as investors rushed to pull out of emerging markets amid the coronavirus scare, data showed Wednesday. Offshore investors sold a net US$3 billion worth of South Korean stocks last month, compared with net selling of $165 million a month earlier, [...]
SEOUL, March 4 (Korea Bizwire) — The debt owed by households and small businesses in South Korea rose at one of the world’s fastest rates in 2019 in terms of its ratio to the country’s gross domestic product (GDP), data showed Wednesday. According to the data from the Bank for International Settlement, outstanding debt extended [...]
SEOUL, March 3 (Korea Bizwire) — Half of those in their 20s and 30s want to be “job-hoppers” rather than settle into a routine life. Job-hopping refers to the act of seeking a different job every two to three years for a higher salary or to improve one’s career prospects. According to a survey of [...]
SEOUL, March 2 (Korea Bizwire) — South Korean institutions’ investment in overseas securities surged sharply from a year earlier in 2019, largely due to a rise in their purchase of overseas bonds, central bank data showed Monday. The combined value of foreign stocks and bonds held by South Korean institutions came to US$326.3 billion as [...]
SEOUL, Feb. 29 (Korea Bizwire) — The number of Chinese nationals entering South Korea fell sharply following measures to contain the new coronavirus, government data showed Saturday. After peaking at 18,743 on Jan. 13, the number of Chinese entrants plunged around 94 percent to 1,093 on Thursday, according to the data announced by Korea Immigration [...]
SEOUL, Feb. 29 (Korea Bizwire) — Foreigners’ favorable feelings toward South Korean cultural content marked an overall improvement last year on the strength of the continued popularity of “hallyu,” or the Korean Wave, according to a poll released Saturday by a government agency. The survey of 8,000 people in 17 countries who experienced Korean cultural [...]
SEOUL, Feb. 28 (Korea Bizwire) — The number of Chinese nationals entering South Korea is declining, the justice ministry said Thursday, following tighter monitoring of people arriving from the neighboring country amid a spike in the number of new coronavirus cases here. According to government data, 1,404 Chinese entered South Korea on Wednesday, down 92.6 [...]
SEOUL, Feb. 27 (Korea Bizwire) — Retail sales in South Korea rose 6.6 percent in January from a year earlier mainly on demand for holiday gifts, data showed Thursday, along with the growing popularity of sanitation products amid the spread of the new coronavirus around the globe. The combined sales of 26 major offline and [...]
SEJONG, Feb. 27 (Korea Bizwire) — The number of discouraged workers in South Korea touched an all-time high in 2019, data showed Thursday, pointing to a tough employment situation amid an economic slowdown. Asia’s fourth-largest economy registered a monthly average of 533,000 discouraged workers last year, up 1.6 percent from a year earlier, according to [...]
SEJONG, Feb. 26 (Korea Bizwire) — South Korea’s total fertility rate hit an all-time low in 2019, government data showed Wednesday, a clear sign of its population decline down the road. The country’s total fertility rate, which refers to the average number of children a woman bears in her lifetime, came to 0.92 last year, [...]