SEOUL, Nov. 29 (Korea Bizwire) — Retail sales in South Korea grew 7.3 percent on-year in October, as people’s outdoor activities and demand for various services grew amid eased antivirus curbs, data showed Tuesday. The combined sales of 25 major offline and online retailers came to 14.66 trillion won (US$10.95 billion) last month, compared with [...]
SEOUL, Nov. 27 (Korea Bizwire) — Nearly 60 percent of economic and financial experts worry that South Korea could face a financial crisis in the short term amid concerns that spiking borrowing costs could weigh on businesses and households, a central bank survey showed Sunday. According to the survey that the Bank of Korea (BOK) [...]
SEJONG, Nov. 24 (Korea Bizwire) — South Korea added 628,000 jobs for wage workers in the second quarter of 2022 amid the recovery of the services and construction sectors amid eased COVID-19 restrictions, data showed Thursday. The number of paid employee jobs came to 20.2 million in the April-June period, up from 19.57 tallied a [...]
SEOUL, Nov. 23 (Korea Bizwire) — The number of babies born in South Korea reached yet another record-low level in September, data showed Wednesday, leading to an overall decrease in the country’s population. A total of 21,885 babies were born in September, down 0.1 percent from the previous year, according to the data from Statistics [...]
SEOUL, Nov. 22 (Korea Bizwire) — Around 17 percent of South Korean women experienced a career break following their marriage this year, with child-rearing among the top reasons, data showed Tuesday. The number of women aged 15-54 who had stopped working after marriage had come to 1.39 million as of April, slightly down from 1.44 [...]
SEOUL, Nov. 22 (Korea Bizwire) — Seoul National University (SNU) consumed the most energy among all facilities in Seoul in 2021 for the 10th year in a row, data showed Tuesday. According to the data by the Seoul Metropolitan Government, the country’s most prestigious university consumed 53,318 tons of oil equivalent (TOEs) of energy last [...]
SEOUL, Nov. 22 (Korea Bizwire) — Major South Korean companies’ inventories spiked nearly 36 percent in the first nine months of this year amid a global economic slump, a corporate tracker said Tuesday. Combined inventories of 195 out of the country’s top 500 firms by sales came to 165.4 trillion won (US$122 billion) as of [...]
SEOUL, Nov. 21 (Korea Bizwire) – The number of people subject to the so-called comprehensive real estate tax hovered above 1 million for the first time since the scheme was introduced in 2005 amid soaring overall property prices, data showed Monday. A total of 1.3 million home and land owners will receive the tax invoice [...]
SEOUL, Nov. 21 (Korea Bizwire) — South Korea’s nationwide consumer prices rose 5.9 percent on-year in the third quarter of the year due to higher energy and dining-out costs, data showed Monday. The figure marked an expansion from the 5.4 percent on-year growth tallied a quarter earlier, according to the data from Statistics Korea. By [...]
BRUSSELS, Nov. 18 (Korea Bizwire) – Cohabs, a Brussels-based company specializing in coliving, announces the entry into its capital of three new institutional investors: global real estate investor Ivanhoé Cambridge, Belfius Insurance, and the real estate arm of the Belgian Sovereign Fund (SFPIM – Real Estate). All the founders and historical shareholders AG Real Estate and Alphastone remain on board to fuel the growth [...]