SEOUL, May 31 (Korea Bizwire) — South Korea’s exports of agriculture tractors hit a record high in 2022 by advancing 23 percent on-year, data showed Wednesday, amid growing demand for small-sized models. The value of tractors shipped overseas came to US$1.24 billion in 2022, rising from $1 billion tallied a year earlier, according to the [...]
SEOUL, May 31 (Korea Bizwire) — Foreign ownership of South Korean land rose 1.8 percent in 2022 from a year earlier, the land ministry said Wednesday. Foreigners owned 264.01 square kilometers — slightly more than four times the size of Manhattan — at the end of December. It represents 0.26 percent of South Korea’s total [...]
SEOUL, May 30 (Korea Bizwire) — The number of foreign travelers to South Korea surged by sevenfold in April from a year earlier on eased travel restrictions amid efforts to return to pre-pandemic normalcy, data showed Tuesday. A total of 889,000 foreign travelers visited South Korea last month, up nearly 600 percent from the 128,000 [...]
SEOUL, May 30 (Korea Bizwire) — Retail sales in South Korea rose 4 percent on-year in April on the back of people’s growing outdoor activities and various promotional events by major discount stores, the industry ministry said Tuesday. The combined sales of 25 major offline and online retailers came to 14.08 trillion won (US$10.67 billion) [...]
SEOUL, May 30 (Korea Bizwire) — The proportion of female executives at South Korea’s major companies came to 7 percent in the first quarter of 2023 following last year’s implementation of a related law, a corporate tracker said Tuesday. The number of female executives at 349 out of the country’s top 500 firms by sales [...]
SEOUL, May 29 (Korea Bizwire) – Passenger travel on Korea-Chinese routes stayed at 13 percent of pre-pandemic levels in the January-April period in contrast with a rapid recovery in other Asian routes, the transport ministry said Monday. In the first four months, the number of passengers on the routes between the two countries stood at [...]
SEOUL, May 28 (Korea Bizwire) — The sales workforce at South Korea’s retail stores continued to decline in the past four years on increased online transactions amid the COVID-19 pandemic, government data showed Sunday. The number of newly hired salespeople at offline outlets fell 13 percent, or 393,000, to 2.64 million in April this year [...]
SEOUL, May 27 (Korea Bizwire) — Over 6 million have participated in temple-life experience programs over the past decades, with foreigners accounting for 11 percent of the total, data showed Saturday. According to data compiled by Rep. Song Eon-seok of the ruling People Power Party, a total of 6.44 million have visited temples across the [...]
SEJONG, May 26 (Korea Bizwire) — South Korea added 491,000 jobs for wage workers in the fourth quarter of 2022, data showed Friday, led by the construction and manufacturing sectors. The number of paying jobs came to 20.45 million in the October-December period, up from 19.96 million tallied a year earlier, according to the data [...]
SEOUL, May 25 (Korea Bizwire) — Household income rose 4.7 percent on-year in the first quarter amid the strong job market, data showed Thursday, while the distribution ratio for disposable income also widened over the period. The country’s households earned an average 5.05 million won (US$3,822) per month in the January-March period, compared with 4.82 [...]