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Over Half of Apartment Buyers Are Individuals in 30s and 40s, with ‘Chopuma’ Gaining Rising Popularity

Over Half of Apartment Buyers Are Individuals in 30s and 40s, with ‘Chopuma’ Gaining Rising Popularity

SEOUL, Oct. 18 (Korea Bizwire) – More than half of this year’s apartment buyers are in their 30s and 40s, and there is a growing preference for ‘chopuma’—a term used to describe apartment complexes adjacent to elementary schools. According to the Korea Real Estate Board on Tuesday, the total number of individuals who purchased apartments nationwide in [...]

Survey Shows that Each Household Possesses at Least One Unused Mobile Phone

Survey Shows that Each Household Possesses at Least One Unused Mobile Phone

SEOUL, Oct. 17 (Korea Bizwire) – A recent survey has revealed that each South Korean household possesses at least one unused mobile phone, along with an average of 11 chargers and cables for electronic appliances. On October 13, a day before International E-Waste Day, Green Korea United unveiled the results of a survey conducted with the participation [...]

Urban Advantage for Careers, Rural Edge for Marriage: A Study on South Korean Young Adults

Urban Advantage for Careers, Rural Edge for Marriage: A Study on South Korean Young Adults

SEOUL, Oct. 16 (Korea Bizwire) – It appears that there is some validity to the notion that living in a metropolitan area can be advantageous for employment but less favorable for marriage. A study focused on young adults who were raised in metropolitan areas like Seoul and Gyeonggi Province and pursued their education in these areas indicates [...]

Hyundai and Kia Surpass 200,000 Eco-Friendly Car Sales in the U.S. from January to September

Hyundai and Kia Surpass 200,000 Eco-Friendly Car Sales in the U.S. from January to September

SEOUL, Oct. 15 (Korea Bizwire) – Hyundai Motor Co., South Korea’s biggest carmaker, and its affiliate Kia Corp. sold more than a combined 200,000 eco-friendly vehicles in the United States in the January to September period, according to the companies Sunday. The two automakers have sold a combined 213,270 eco-friendly cars in the U.S. in [...]

Foreign Crime Trends in South Korea: A Detailed Analysis and Proposed Countermeasures

Foreign Crime Trends in South Korea: A Detailed Analysis and Proposed Countermeasures

SEOUL, Oct. 13 (Korea Bizwire) – A recent report has revealed that the annual average of foreigners suspected of criminal offenses in South Korea has risen to 36,000. According to data from the National Police Agency presented to the National Assembly during a national audit on Thursday, the number of foreigners arrested for crimes in [...]

About 36,000 Foreigners Arrested for Criminal Charges Annually

About 36,000 Foreigners Arrested for Criminal Charges Annually

SEOUL, Oct. 12 (Korea Bizwire) — About 36,000 foreigners were arrested on criminal charges annually on average over the past five years, about half of them from China, National Police Agency (NPA) data showed Thursday. A total of 180,162 foreigners were apprehended as suspects in criminal cases from 2018 to 2022, recording an annual average [...]

Rising Alcohol Imports Double South Korea’s Trade Deficit

Rising Alcohol Imports Double South Korea’s Trade Deficit

SEOUL, Oct. 11 (Korea Bizwire) – Data from the Korea Customs Service reveals a surge in alcohol imports, resulting in a doubled trade deficit in the sector over four years. Imported alcoholic beverages, such as beer and whiskey, reached $1.62 billion in 2022, marking a 54% increase from 2018. Notably, it highlights that exports of [...]

Top 15 Emitters’ Greenhouse Gas Emissions Surge by 9.1% from 2018 to 2022

Top 15 Emitters’ Greenhouse Gas Emissions Surge by 9.1% from 2018 to 2022

SEOUL, Oct. 11 (Korea Bizwire) – Greenhouse gas emissions by South Korea’s top 15 corporate emitters increased by 9.1 percent last year compared with four years ago, data showed Wednesday. According to the data from the Greenhouse Gas Inventory and Research Center released by Rep. Lee Hack-young of the Democratic Party, the combined greenhouse gas [...]

Less Than 1 in 4 Suspects of Stalking Crimes Sentenced to Jail Terms

Less Than 1 in 4 Suspects of Stalking Crimes Sentenced to Jail Terms

SEOUL, Oct. 10 (Korea Bizwire) — Less than one in four suspects indicted for alleged stalking crimes have been sentenced to prison terms, whereas the number of suspended sentences and acquittals increased, data showed Tuesday. Of the 959 people indicted for violating the Stalking Punishment Act last year, only 22.73 percent, or 218 suspects, received [...]

Seoul Commuters Embrace Entertainment During Travel, Valuing It Up to 9,000 Won per Hour

Seoul Commuters Embrace Entertainment During Travel, Valuing It Up to 9,000 Won per Hour

SEOUL, Oct. 10 (Korea Bizwire) – A vast majority of Seoul residents engage in recreational activities such as watching videos while they’re traveling to work or school. Most of them think it’s a good way to spend their time, and it’s worth around 5,000 to 9,000 won per hour when you add it up each month. [...]