SEOUL, June 22 (Korea Bizwire) — In-flight disturbances and other illegal acts on board have risen significantly this year as more people have gone on overseas trips since the lifting of COVID-19 restrictions, government data showed Thursday. According to the data from the Ministry of Land, Infrastructure and Transport, 159 such cases were reported between [...]
SEOUL, June 20 (Korea Bizwire) — The number of double-income households in South Korea moved up in 2022 from a year earlier, data showed, amid the eased COVID-19 restrictions. Double-income households came to 5.84 million in October 2022, up 20,000 from a year earlier, according to the data from Statistics Korea. They made up 46.1 [...]
SEOUL, June 20 (Korea Bizwire) — South Korea’s overseas direct investment dipped 41.6 percent in the first quarter of 2023 from a year earlier, data showed Tuesday, led by the manufacturing and property sectors. The value of overseas investments by South Korean companies reached US$16.49 billion, down 41.6 percent from a year earlier, according to [...]
SEOUL, June 19 (Korea Bizwire) — South Korean imports of Japanese seafood sank more than 30 percent last month, data showed Monday, amid concerns over Tokyo’s planned release of contaminated water from its crippled nuclear power plant. South Korea imported 2,129 tons of fishery products from the neighboring country in May, down 30.6 percent from [...]
SEOUL, June 18 (Korea Bizwire) — The number of chargers for electric vehicles in South Korea has surpassed 240,000, data showed Sunday, amid the growing popularity of eco-friendly cars in the country. Fast chargers accounted for 10.6 percent of the 240,695 installed electric vehicle charging stations in South Korea, Rep. Park Sang-hyunk of the main [...]
SEOUL, June 18 (Korea Bizwire) — South Koreans’ combined purchase of the Japanese currency at local banks jumped nearly fivefold in May from a year earlier, data showed Sunday, as more people took advantage of a weaker yen. The amount of Japanese currency sold at the country’s four major banks came to 30.16 billion yen [...]
SEOUL, June 16 (Korea Bizwire) — South Koreans aged 65 and above are set to make up 46.4 percent of the total population in 2070, data showed Friday, a projection that shows rapid population aging amid the country’s critically low birthrate. The figure marks a sharp rise from the 18.4 percent estimated for this year, [...]
SEOUL, June 15 (Korea Bizwire) — South Korea’s car exports soared nearly 50 percent on-year in May driven by vibrant demand for eco-friendly cars, particularly in the U.S. market, the industry ministry said Thursday. The value of outbound shipments of automobiles came to US$6.2 billion last month, up 49.4 percent from a year earlier to [...]
SEOUL, June 14 (Korea Bizwire) — South Korea’s job additions slowed for the second consecutive month in May following a brief rebound in March amid lingering economic uncertainties, data showed Wednesday, although the employment rate nevertheless reached a fresh high. The number of employed people came to 28.83 million in May, up around 351,000 from [...]
SEOUL, June 13 (Korea Bizwire) — The number of airport bus passengers in Seoul has exceeded 2 million during the first five months of this year, driven by the expansion of travel demand as coronavirus cases decreased, the Seoul metropolitan government said Tuesday. From January to May, a total of 2.11 million people used airport [...]