SEOUL, Jan. 24 (Korea Bizwire) — Exports of soju, South Korea’s traditional distilled liquor, increased 13.2 percent in 2022 from a year earlier, data showed Tuesday, rebounding for the first time in three years. Outbound shipments of soju reached US$93.3 million in 2022, rising sharply from $82.4 million tallied a year earlier, according to the [...]
SEOUL, Jan. 24 (Korea Bizwire) — South Korea’s top automaker Hyundai Motor Group said Tuesday its total global sales of electric vehicles had exceeded 1 million units as of 2022, 11 years after the conglomerate entered the market. Hyundai Motor Co. and Kia Corp. saw their accumulative sales of EVs reach 1.02 million units as [...]
SEOUL, Jan. 22 (Korea Bizwire) — More than four out of 10 South Korean conglomerates plan to cut back on their investment both at home and abroad this year amid a global economic slowdown and worsening market conditions, a survey by the state-run trade agency has showed. According to the recent survey by the Korea [...]
SEOUL, Jan. 21 (Korea Bizwire) — More than 3,600 South Koreans died last year without having a chance to reunite with their family members in North Korea after the 1950-53 Korean War-driven separation, government data showed Saturday. A total of 3,647 people died last year among around 134,000 applicants who had registered with the government [...]
SEJONG, Jan. 19 (Korea Bizwire) — Jobs in the public sector rose 2.6 percent on-year in 2021, data showed Thursday, as the government created more positions for vulnerable people amid the protracted pandemic. A total of 2.83 million people were employed in 2021 by the public sector, up 73,000 from the previous year, according to [...]
SEOUL, Jan. 18 (Korea Bizwire) — About 1 in 20 young people in Seoul live in isolation or seclusion from society due mainly to difficulties in finding a job or mental problems, a survey by the city government showed Wednesday. An estimated 4.5 percent, or about 129,000, of Seoul residents aged between 19-39 were surveyed [...]
SEOUL, Jan. 18 (Korea Bizwire) — The number of foreign workers filing taxes in South Korea for 2021 income fell 7.3 percent from a year earlier, data showed Wednesday, amid the restricted travel following the COVID-19 pandemic. A total of 505,000 foreign workers filed a year-end tax settlement for their 2021 income, down from 545,000 [...]
SEOUL, Jan. 18 (Korea Bizwire) — Major South Korean companies spent more than 5 trillion won (US$4.04 billion) in 2022 to help cut air pollution and promote workplace safety as part of their so-called environment, social and governance (ESG) management, a report said Wednesday. The country’s top 100 firms by sales invested 5.44 trillion won [...]
SEOUL, Jan. 17 (Korea Bizwire) — Bills and coins that the South Korean central bank discarded due to damage grew 2.3 percent in 2022 as increased banknotes were redeemed amid high interest rates, data showed Tuesday. A total of 412.68 million damaged bills and coins were taken out of circulation last year, down from 403.52 [...]
SEOUL, Jan. 17 (Korea Bizwire) — U.S. beef accounted for more than 50 percent of South Korea’s total imports of the meat in 2022, taking up the top spot for six years, industry data showed Tuesday. Asia’s fourth-largest economy imported 256,910 tons of American beef last year, or 54.1 percent of its total beef imports [...]