SEOUL, July 17 (Korea Bizwire) – South Korea’s car exports soared nearly 50 percent on-year in the first half of the year to reach an all-time high, driven by solid demand for eco-friendly cars, the industry ministry said Monday. The value of outbound shipments of automobiles came to US$35.7 billion during the first six months [...]
SEOUL, July 17 (Korea Bizwire) — Foreign workers accounted for nearly 50 percent of crew members working in South Korea last year, the oceans ministry said Monday. A total of 60,148 crew members were working on local fishing boats as of end-2022, and 28,281 of them were foreigners, or 47 percent of the total, according [...]
SEOUL, July 16 (Korea Bizwire) — Nearly 15 percent of employees in the South Korean construction industry were foreigners in the first quarter of the year amid a shortage of local laborers at construction sites, a report showed Sunday. A total of 110,000 workers of foreign nationality were working at construction sites as of end-March, [...]
SEOUL, July 13 (Korea Bizwire) — The volume of international passengers traveling via Gimpo International Airport in western Seoul rebounded in the first half to about 60 percent of the pre-COVID-19 levels, the airport operator said Thursday. In the January-June period, a total of 5,240,626 travelers flew overseas via South Korea’s 14 regional airports, excluding [...]
SEJONG, July 13 (Korea Bizwire) — South Korea reported a net inflow of migrants in 2022, data showed Thursday, following the normalization of global travel amid eased concerns over the COVID-19. The number of international migrants, referring to those who stay in and out of South Korea for 90 days or more, reached 1.12 million [...]
SEOUL, July 12 (Korea Bizwire) — South Korea’s job additions remained stronger than expected in June on the back of the senior workforce, data showed Wednesday, although the on-year growth slowed for the third consecutive month. The number of employed people came to 28.81 million in June, up around 333,000 from a year earlier, according [...]
SEOUL, July 11 (Korea Bizwire) — South Korea’s population is set to fall to 38 million in 2070 due to its critically low birth rates, data showed Tuesday, with those aged 65 and above set to take up around 46 percent. The figure marks a sharp drop from the 52 million estimated for this year, [...]
SEOUL, July 9 (Korea Bizwire) – Japanese topped the list of inbound travelers to South Korea in the first five months of this year, data showed Sunday. A total of 665,611 Japanese nationals visited South Korea between January and May, accounting for 19.2 percent of total inbound travelers to the country, according to data compiled [...]
SHENYANG, July 9 (Korea Bizwire) — North Korea’s mask imports from China tumbled 78 percent in May from a month earlier, trade data showed Sunday, as it appears to have recently eased strict COVID-19 restrictions. The North’s mask imports from China stood at US$28,746 in May, the lowest level in seven months, according to the [...]
SEOUL, July 6 (Korea Bizwire) — Overseas orders for industrial plants won by South Korean builders spiked more than 40 percent on-year in the first half of 2023 on brisk demand from the Middle East and Africa, data showed Thursday. Local builders clinched US$13.05 billion worth of plant orders from abroad in the January-June period, [...]