SEOUL, July 5 (Korea Bizwire) — The number of apprehended drug offenders surged to a record high of 18,395 last year, driven by crimes among young people and foreigners, a prosecution report showed Wednesday. According to the 2022 white paper on drug crimes published by the Supreme Prosecutors Office, the figure marks an upsurge of [...]
SEOUL, July 4 (Korea Bizwire) — Foreign direct investment (FDI) pledges to South Korea jumped 54.2 percent on-year in the first six months of this year to reach a record high for any first-half period, data showed Tuesday. The country received US$17.09 billion of FDI commitments in the January-June period, compared with $11.09 billion logged [...]
SEOUL, July 3 (Korea Bizwire) — Online shopping in South Korea rose 8.7 percent on-year in May on the stronger demand for travel services amid the eased COVID-19 restrictions, data showed Monday. The value of online shopping transactions amounted to 19.24 trillion won (US$14.6 billion) last month, compared with 17.7 trillion won tallied a year [...]
SEOUL, July 3 (Korea Bizwire) — South Korea’s exports to the United States rose more than 5 percent per year on average over the past decade thanks to the 2012 bilateral free trade agreement, compared with a 1.5 percent increase in the country’s overall exports, a think tank said Monday. South Korea’s shipments to the [...]
SEOUL, July 2 (Korea Bizwire) – South Korea’s passengers using Korean flag air carriers reached some 84 percent of pre-pandemic levels in the first half, government data showed Sunday. From January to June, the number of passengers on domestic and international routes amounted to 53.39 million, or 83.9 percent of the tally reported in the [...]
SEOUL, July 2 (Korea Bizwire) — The K-pop sensation BTS enjoys the most loyal fanbase based on how far its supporters are willing to travel, a survey by a U.S. travel information site showed Sunday. Upgraded Points released the results of its poll titled, “How Far Would You Travel to See Your Favorite Artist?” on [...]
SEJONG, June 30 (Korea Bizwire) — South Korea’s forklift exports jumped nearly 57 percent on-year in the first five months of 2023, data showed Friday, following a rebound in the global construction industry. Exports of forklifts reached US$525 million from January to May this year, reaching a record-high amount for the period, according to the [...]
SEOUL, June 29 (Korea Bizwire) — The number of foreign visitors to South Korea soared almost five times last month from a year earlier, partly due to a sharp increase in travelers from Japan, data showed Thursday. In May, around 867,000 foreign nationals traveled here, up 399 percent on-year, according to the Korea Tourism Organization [...]
SEOUL, June 28 (Korea Bizwire) — The number of babies born in South Korea hit yet another fresh low in April, data showed Wednesday, further extending the decline in the population of Asia’s fourth-largest economy. Only 18,484 babies were born in April this year, sinking 12.7 percent from a year earlier, according to the monthly [...]
SEOUL, June 28 (Korea Bizwire) – Retail sales in South Korea rose 5.7 percent on-year in May as consumers celebrated holidays amid the lifting of COVID-19 restrictions, the industry ministry said Wednesday. The combined sales of 25 major offline and online retailers came to 15 trillion won (US$11.5 billion) last month, compared with 14.1 trillion [...]