SEOUL, May 28 (Korea Bizwire) — The sales workforce at South Korea’s retail stores continued to decline in the past four years on increased online transactions amid the COVID-19 pandemic, government data showed Sunday. The number of newly hired salespeople at offline outlets fell 13 percent, or 393,000, to 2.64 million in April this year [...]
SEOUL, May 27 (Korea Bizwire) — Over 6 million have participated in temple-life experience programs over the past decades, with foreigners accounting for 11 percent of the total, data showed Saturday. According to data compiled by Rep. Song Eon-seok of the ruling People Power Party, a total of 6.44 million have visited temples across the [...]
SEJONG, May 26 (Korea Bizwire) — South Korea added 491,000 jobs for wage workers in the fourth quarter of 2022, data showed Friday, led by the construction and manufacturing sectors. The number of paying jobs came to 20.45 million in the October-December period, up from 19.96 million tallied a year earlier, according to the data [...]
SEOUL, May 25 (Korea Bizwire) — Household income rose 4.7 percent on-year in the first quarter amid the strong job market, data showed Thursday, while the distribution ratio for disposable income also widened over the period. The country’s households earned an average 5.05 million won (US$3,822) per month in the January-March period, compared with 4.82 [...]
SEOUL, May 25 (Korea Bizwire) — Police have apprehended 31 people on charges of industrial technology leaks abroad between January and April, an 81 percent jump from 17 caught during the same period of last year, an opposition lawmaker said Thursday. In one such case, a manager working at a Chinese factory of a domestic [...]
SEOUL, May 24 (Korea Bizwire) — The number of babies born in South Korea fell to a fresh low in March, data showed Wednesday, exacerbating the dire population crisis of Asia’s No. 4 economy. Only 21,138 babies were born in March this year, down 8.1 percent from a year earlier, according to the data from [...]
SEOUL, May 23 (Korea Bizwire) — South Korea’s state pension operator saw its returns fall to a record low level in 2022, data showed Tuesday, due to the instability in the global financial market amid monetary tightening moves. The National Pension Service (NPS) logged negative returns of 8.28 percent in 2022, marking the lowest level [...]
SEOUL, May 20 (Korea Bizwire) — Foreign investors have scooped up more than 10 trillion won (US$7.52 billion) worth of Korean stocks so far this year on eased uncertainties and a rosy outlook for the chipmaking sector, data showed Saturday. According to the data compiled by the Korea Exchange, foreigners’ net buying of Korean stocks [...]
SEOUL, May 18 (Korea Bizwire) — More than 1.5 million South Korean people are at risk of “lonely death,” or unattended death, accounting for 3 percent of the country’s population, a government survey showed Thursday. The Ministry of Health and Welfare said it had conducted the poll on a sample of 9,471 single-member households from [...]
SEOUL, May 18 (Korea Bizwire) — South Korea’s customs agency said Thursday it has captured a record amount of drugs over the January-April period, with smuggling attempts falling in number while rising in average volume. The amount of drugs seized at borders reached 213 kilograms over the first four months of 2023, up 32 percent [...]