SEOUL, Dec. 12 (Korea Bizwire) — Nearly half of the recently married couples in South Korea had no children in 2021, data showed Monday, amid the country’s chronic low birthrate and changing social norms. Some 45.8 percent of the country’s 871,428 couples who were legally married in the five years up to November 2021 did [...]
SEOUL, Dec. 12 (Korea Bizwire) — South Korea’s car exports reached an all-time high in November on strong demand for eco-friendly cars and stable supply of automotive semiconductors, data showed Monday. The value of outbound shipments of automobiles came to US$5.4 billion last month, up 31 percent on-year to set the largest monthly record, according [...]
SEOUL, Dec. 9 (Korea Bizwire) — South Korea was the world’s eighth-largest arms exporter in the 2017-2021 period, accounting for nearly 3 percent of the world’s total defense exports, an annual government report showed Friday. According to the Global Defense Market Yearbook 2022 released by the Korea Research Institute for Defense Technology Planning and Advancement, [...]
SEOUL, Dec. 9 (Korea Bizwire) — Foreign investors remained net buyers of South Korean stocks for the second straight month in November amid expectations the U.S. Federal Reserve will slow the pace of rate increases and China could ease strict coronavirus restrictions, central bank data showed Friday. Foreigners’ stock investment funds logged a net inflow [...]
SEJONG, Dec. 8 (Korea Bizwire) — South Korea added the largest number of jobs in five years last year on the back of the retail and welfare sectors, data showed Thursday. The country’s total jobs reached 25.58 million last year, up 850,000, or 3.5 percent, from the previous year, according to the data compiled by [...]
SEOUL, Dec. 8 (Korea Bizwire) — The workforce of major South Korean travel agencies has nearly halved over the past three years due to the coronavirus pandemic, with the number of tour firms also plummeting, industry data showed Thursday. The headcount of industry leader Hana Tour came to 1,204 as of the end of September [...]
SEOUL, Dec. 8 (Korea Bizwire) — Asset management firms in South Korea saw their combined net earnings plunge more than 40 percent in the third quarter due to declined fees and profits from securities investments amid sluggish financial markets, data showed Thursday. The combined net income of 414 asset management firms stood at 362.5 billion [...]
SEOUL, Dec. 7 (Korea Bizwire) — The proportion of one-person households in South Korea hit a fresh record last year, data showed Wednesday, as more young people delayed marriages. One-person families accounted for 33.4 percent of the total last year, up from 31.7 percent the previous year, according to the data from Statistics Korea. It [...]
WASHINGTON, Dec. 6 (Korea Bizwire) — Nearly eight out of 10 South Koreans believe social media leads to more political division, with nearly as many people saying social media makes it easier for people to manipulate others, a survey showed Tuesday. However, more than 60 percent of those surveyed said social media is still a [...]
SEOUL, Dec. 6 (Korea Bizwire) — The life expectancy of South Korean babies born last year reached 83.6 years, data showed Tuesday, hovering above the average of major advanced countries. The average life expectancy at birth in 2021 marked a slight rise from 83.5 years tallied a year earlier, according to the data from Statistics [...]