SEOUL, Aug. 31 (Korea Bizwire) — South Koreans’ overseas card spending gained 1 percent in the second quarter of the year on the back of increased overseas travels amid eased COVID-19 curbs and increased direct purchases, central bank data showed Thursday. The amount of money spent overseas by South Koreans with cards, including credit and [...]
SEOUL, Aug. 30 (Korea Bizwire) — The number of deaths caused by serious industrial accidents at workplaces in the first half of the year dropped nearly 10 percent from a year ago, a government report said Wednesday. A total of 289 workers died from January to June, marking a drop of 9.1 percent, or 29 [...]
SEOUL, Aug. 30 (Korea Bizwire) — The population of kindergarten to high-school students shrank by nearly 100,000 this year from a year earlier, extending its falling streak to the 18th year, the education ministry said Wednesday. The number of students at the country’s kindergartens and elementary, middle and high schools nationwide amounted to slightly over [...]
SEOUL, Aug. 30 (Korea Bizwire) – South Korea’s total births and fertility rate fell to record lows in 2022, data showed Wednesday, signaling a red alarm on the growth potential of Asia’s fourth-largest economy. Only 249,000 babies were born in 2022, down 11,000 from a year earlier, according to the data compiled by Statistics Korea. [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korea extended a natural decrease in population in June as the fertility rate hit yet another record low, data showed Wednesday, reflecting the grim demographic trend. Only 18,615 babies were born in June, down 1.6 percent from a year earlier, according to the monthly report from Statistics Korea. [...]
SEOUL, Aug. 29 (Korea Bizwire) — Retail sales in South Korea rose 5.9 percent on-year in July as more people enjoyed outdoor activities for summer vacation amid eased antivirus curbs, the industry ministry said Tuesday. The combined sales of 25 major offline and online retailers came to 14.73 trillion won (US$11.12 billion) last month, compared [...]
SEOUL, Aug. 29 (Korea Bizwire) — South Korea’s rice paddy area decreased 2.6 percent in 2023 from a year earlier amid a reduction in domestic consumption, data showed Tuesday. The country’s rice cultivation area came to 708,041 hectares, compared with 727,054 hectares tallied a year earlier, according to the data compiled by Statistics Korea. South [...]
SEOUL, Aug. 27 (Korea Bizwire) — More than 1.26 million young people remained unemployed after completing their studies, and it took more than 10 months for youths to get their first job after graduation on average, data showed Sunday. Of the 8.42 million people aged 15-29, 4.52 million had graduated from middle school, high school [...]
SEOUL, Aug. 27 (Korea Bizwire) — South Korea’s exports of fisheries products fell more than 10 percent on-year during the first seven months of 2023, data showed Sunday. Outbound shipments of marine products came to US$1.75 billion in the January-July period, down 11.5 percent from a year earlier, according to the data by the Korea [...]
SEOUL, Aug. 25 (Korea Bizwire) — The employment of wage workers in South Korea grew at a slow pace in the first quarter of 2023 amid an economic slowdown, and two out of three newly added jobs were for senior citizens, data showed Friday. The number of paid employee jobs came to 20.21 million in [...]