SEOUL, Nov. 28 (Korea Bizwire) — New foreign direct investment (FDI) pledged to South Korea has surpassed the previous record high, led by rising interest in the nation’s high-tech industries and startups in emerging sectors, government data showed Wednesday. South Korea received US$23.04 billion worth of FDI commitments as of Tuesday, already breaking last year’s [...]
SEOUL, Nov. 27 (Korea Bizwire) — A majority of South Koreans think it is necessary to ease sanctions on North Korea to accelerate denuclearization of the Korean Peninsula, a survey showed Tuesday. According to the survey of 1,000 adults here by the National Unification Advisory Council, a presidential consultative body mainly on long-term inter-Korean ties, [...]
SEOUL, Nov. 27 (Korea Bizwire) — Business sentiment in South Korea sank to a 22-month low for December amid flaccid domestic demand and worsening export conditions, a poll showed Tuesday. The business survey index (BSI) of the nation’s top 600 firms by sales came to 88.7 for next month, down from 90.4 in November and [...]
SEOUL, Nov. 27 (Korea Bizwire) — South Korea’s consumer sentiment slid to a 21-month low in November due to escalating concerns over an economic downturn, a central bank poll showed Tuesday. The composite consumer sentiment index (CCSI) for this month stood at 96.0, down 3.5 points from October, according to the Bank of Korea (BOK). [...]
SEOUL, Nov. 25 (Korea Bizwire) — Earnings by small-scale businesses operated by people over 60 have been falling steadily this year, official data showed Sunday, with the weak economy and excess competition being cited as the main reason for the development. According to data provided by Statistics Korea, the business income of establishments run by [...]
SEOUL, Nov. 23 (Korea Bizwire) — The number of international marriages between a South Korean national and a foreigner inched up last year, ending six consecutive years of decline, government data showed Friday. There were 21,709 international marriages last year, up 1 percent, or 208, from a year earlier, according to the data by Statistics [...]
SEOUL, Nov. 23 (Korea Bizwire) — South Korean adults appear evenly divided over whether to legally ban the slaughter of dogs for meat, according to a poll released Friday. The survey of 501 Koreans older than 19 by local pollster Realmeter showed that 44.2 percent endorsed the enactment of a new law prohibiting the killing [...]
SEOUL, Nov. 23 (Korea Bizwire) — South Korean households’ medical expenses are much higher than the average for members of the Organization for Economic Cooperation and Development despite a continued downturn, data showed Friday. Households’ expenditures accounted for 33.3 percent of South Korea’s total medical expenses in 2016, according to the data from the Korea [...]
SEOUL, Nov. 22 (Korea Bizwire) – The number of foreigners who visited South Korea rose 31.1 percent in October from a year earlier mainly due to a base effect after visits by Chinese nationals plunged in 2017, the local tourism promotion agency said Thursday. A total of 1.53 million foreigners visited South Korea last month, [...]
SEOUL, Nov. 22 (Korea Bizwire) — South Korean manufacturers have been shifting the focus of their overseas direct investment to Vietnam from China thanks to tax benefits, cheaper labor and other favorable conditions, a report said Thursday. Vietnam accounted for 17.7 percent of South Korean manufacturing companies’ total direct overseas investment in 2017, up sharply [...]