SEOUL, Feb. 26 (Korea Bizwire) — Only 4 percent of single South Korean women in their 20s and early 30s view marriage and childbirth as essential, a survey showed Sunday, a development that illustrated the chronic decline in childbirths in Asia’s fourth-largest economy. Meanwhile, 12.9 percent of single men in the same age bracket agreed [...]
SEOUL, Feb. 25 (Korea Bizwire) — The top 0.1 percent of wealthy individuals in South Korea earned nearly 70 times more than the median income earners in 2021, data showed Saturday. Statistics from the National Tax Service cited by Rep. Yang Kyung-sook of the opposition Democratic Party also showed the share of the total income [...]
SEOUL, Feb. 24 (Korea Bizwire) — South Korea’s fisheries output moved down 6 percent from a year earlier in 2022, data showed Friday, primarily due to a fall in the production of anchovies, hairtail, and squid. Total fisheries output amounted to 3.6 million tons last year, down from 3.83 million tons tallied in 2021, according [...]
SEOUL, Feb. 24 (Korea Bizwire) — South Korea added 597,000 jobs for wage workers in the third quarter of 2022, data showed Friday, led by higher demand from the welfare, construction and manufacturing sectors. The number of paying jobs came to 20.19 million in the July-September period, up from 19.59 million tallied a year earlier, [...]
SEOUL, Feb. 23 (Korea Bizwire) — Household income advanced 4.1 percent on-year in the fourth quarter on the back of the improved job market, data showed Thursday, although the actual profit lost ground amid higher inflation. The country’s households earned an average 4.83 million won (US$3,700) per month in the October-December period, compared with 4.64 [...]
SEOUL, Feb. 23 (Korea Bizwire) — More than half of European companies based in South Korea intend to increase investment this year from last year, with nearly every seven out of 10 showing satisfaction in doing business here, a poll showed Thursday. Fifty-five percent of the companies said they plan to increase investment or operational [...]
SEJONG, Feb. 22 (Korea Bizwire) — The number of babies born in South Korea reached yet another fresh low in 2022, data showed Wednesday, with deaths outpacing births for the third consecutive year. A total of 249,000 babies were born last year, falling 4.4 percent from the previous record low in 2021, according to the [...]
SEOUL, Feb. 21 (Korea Bizwire) — South Korea’s household credit shrank at the sharpest pace in 13 years in the fourth quarter of 2022 amid high interest rates driven by the central bank’s monetary tightening to bring down inflation, data showed Tuesday. Outstanding household loans reached 1,867.0 trillion won (US$1.44 trillion) at the end of [...]
SEOUL, Feb. 20 (Korea Bizwire) — South Korea’s suicide rate slightly increased in 2021 amid the pandemic, data showed Monday, led by people in their 20s and those aged 70 and above. The number of suicides for every 100,000 South Koreans came to 26 in 2021, up 0.3 from a year earlier, according to the [...]
SEOUL, Feb. 20 (Korea Bizwire) — South Korea’s car exports jumped 21.9 percent in January on-year, driven by record-high global sales of eco-friendly cars, data showed Monday. The value of outbound shipments of automobiles came to US$4.98 billion last month, up from 4.09 billion a year earlier, according to the data from the Ministry of [...]