SEOUL, May 4 (Korea Bizwire) — Nearly 210,000 children and teens in South Korea visited a hospital for depression or anxiety disorders over the past four years, data from the National Health Insurance Service showed Thursday. According to the data submitted to Rep. Kim Byong-wook of the ruling People Power Party, a total of 209,565 [...]
SEOUL, May 3 (Korea Bizwire) – About 13,000 illegal immigrants left South Korea through a crackdown and the voluntary departure program over the past two months, the Ministry of Justice said Wednesday. The government has resumed its crackdown on foreigners staying or working illegally here since last October after a pause due to COVID-19. The [...]
SEOUL, May 1 (Korea Bizwire) — Online sales of travel and transportation services more than doubled on-year in the first quarter of 2023 on eased COVID-19 restrictions, data showed Monday. The value of online transactions of travel and transportation services amounted to 5.51 trillion won (US$4.11 billion) during the January-March period, compared with 2.6 trillion [...]
SEOUL, April 30 (Korea Bizwire) — South Korea recorded the biggest fall in exports to China among major exporters to the country in the first quarter, China’s trade data showed Sunday. Exports to China plunged 28 percent in the first quarter from a year earlier due mainly to a sharp decline in semiconductor shipments, the [...]
SEOUL, April 30 (Korea Bizwire) — Debt among those in their 20s and 30s jumped more than 27 percent over the past three years since the COVID-19 pandemic hit, indicating they suffered financial difficulties due to rising home prices and an economic slowdown, central bank data showed Sunday. In the fourth quarter of 2022, overall [...]
SEOUL, April 28 (Korea Bizwire) — South Korea’s crime rate fell to the lowest level in a decade in 2021, data showed Friday, although offenses in the cyber domain shot up amid the COVID-19 pandemic. Asia’s No. 4 economy reported 1,774 cases of criminal violations per 100,000 people in 2021, down 12 percent from a [...]
SEOUL, April 28 (Korea Bizwire) — Exports of passenger cars climbed 41 percent in the first quarter of 2023 from a year earlier to set a new record, data showed Friday, due to the robust overseas demand for eco-friendly vehicles. Carmakers in South Korea shipped passenger cars worth a combined US$15.4 billion over the January-March [...]
SEOUL, April 26 (Korea Bizwire) — The number of babies born in South Korea dropped to yet another record low level in February, data showed Wednesday, further highlighting the population crisis facing Asia’s No. 4 economy. Only 19,939 babies were born in February this year, down 3.7 percent from a year earlier, according to the [...]
SEOUL, April 26 (Korea Bizwire) — Major South Korean firms’ spending on research and development (R&D) swelled 14 percent in 2022 from a year earlier despite sharply decreased operating income amid an economic slowdown, a market tracker said Wednesday. Combined R&D expenditures by 231 out of the country’s top 500 companies came to 68.4 trillion [...]
SEOUL, April 25 (Korea Bizwire) — Retail sales in South Korea rose 6.4 percent on-year in March as people’s growing outdoor activities boosted demand for fashion and other items, the industry ministry said Tuesday. The combined sales of 25 major offline and online retailers came to 14.5 trillion won (US$10.89 billion) last month, compared with [...]