SEOUL, Feb. 15 (Korea Bizwire) – South Korea added the lowest number of additional jobs in nearly two years in January, with the growth slowing for the eighth consecutive month amid economic uncertainties and higher borrowing costs, data showed Wednesday. The number of employed people stood at 27.36 million last month, up some 411,000 from [...]
SEOUL, Feb. 14 (Korea Bizwire) — Major listed companies in South Korea cut their dividends by nearly 14 percent in 2022 from a year earlier amid an economic slump, a corporate tracker said Tuesday. Combined dividends paid out by 50 of South Korea’s top 100 firms in terms of market capitalization came to 15.7 trillion [...]
SEOUL, Feb. 13 (Korea Bizwire) — Hyundai Motor Group’s accumulated electric vehicle (EV) sales in the United States exceeded 100,000 units last month, industry sources said Monday. Hyundai Motor Co., its independent Genesis brand and Hyundai’s smaller affiliate Kia Corp. had sold a cumulative 104,326 EVs in the U.S. market as of the end of [...]
SEOUL, Feb. 9 (Korea Bizwire) — Foreign investors’ net selling of South Korean securities slowed sharply in January as they increased holdings of stocks amid expectations the U.S. Federal Reserve would slow monetary tightening and China’s economy would recover, central bank data showed Thursday. The value of their combined investment in local securities — stocks [...]
SEOUL, Feb. 9 (Korea Bizwire) — South Korea’s exports of solar panels and other related parts jumped 38 percent on-year in 2022 on the back of major nations’ push to expand renewable energy development, the industry ministry said Thursday. Outbound shipments of solar panels, solar cells, solar wafers and other items combined came to US$1.64 [...]
SEOUL, Feb. 8 (Korea Bizwire) — Three South Korean electric vehicle (EV) battery makers saw their global market share decline in 2022 from a year earlier amid robust growth of Chinese rivals, industry data showed Wednesday. The trio — LG Energy Solution Ltd., SK Innovation Co. and Samsung SDI Co. — held a combined 23.7 [...]
SEOUL, Feb. 7 (Korea Bizwire) – South Korean shipbuilders lagged far behind their Chinese rivals in terms of new global orders to rank second in the world in February amid tumbling demand, industry data showed Tuesday. Local shipbuilders won a combined 640,000 compensated gross tons (CGTs) in new orders last month, accounting for 33 percent [...]
SEOUL, Feb. 6 (Korea Bizwire) — Older adults in Seoul estimate the average age of senior citizens at 72.6 years, a survey by the metropolitan government said Monday. The city government conducted the survey on 3,010 men and women over the age of 65 living in the capital for two months from last June to [...]
SEOUL, Feb. 6 (Korea Bizwire) — The number of international flights has returned to 60 percent of pre-pandemic levels in January, helped by increased travel to Japan and Asian countries, the transport ministry said Monday. In January, international flights that went through Incheon International Airport reached 27,206, recovering from the 45,046 flights marked in January [...]
SEOUL, Feb. 3 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 6.6 percent last month from a year earlier amid the lingering chip shortage, an industry association said Friday. The number of newly registered foreign vehicles stood at 16,222 units last month, up from 17,361 units a year ago, the Korea Automobile [...]