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Archive by category Business Statistics

[Stats] Variation of Household Credit Volume

[Related Article] Korea’s Household Leverage Exceeds OECD Average (Korea Bizwire, May 28) An analysis that Korea’s household debts have not only exceeded the OECD average but also reached the critical point which could trigger an economic crisis has come out… (see the full text of this news) Infographics Design Team (Infographic@kobizmedia.co.kr)

[Stats] Mobile Banking Subscribers

[Related Article] Number of Smartphone Banking Users Exceeds 40 Million in Korea (Korea Bizwire, May 16) The number of people using smartphone banking service has exceeded 40 million for the first time ever in Korea. On May 15, according to a report “Domestic Banking Services in the First Quarter of 2014” by the Bank of Korea, the total [...]

[Stats] Consumer Claims Associated with Wedding Hall Troubles

[Related Article] Excessive Cancellation Fee of Wedding Halls Now Ruled Illegal (Korea Bizwire, May 1) Wedding halls will now have to break away from the practice of forfeiting the deposit money even when couples cancel their bookings months before their wedding day. Furthermore, wedding halls are now banned from charging excessive cancellation fees when newlyweds call off [...]

[Stats] Proportion of Paid Workers by Wage Level and Occupation

[Related Article] Korea’s Low-wage Fact: Half of Employees Earn Less than $2K a Month (Korea Bizwire, May 1) About a half of salaried workers in Korea is earning less than 2 million won (US$1,937) a month. Meanwhile, about 30 percent of those in financial services and science and technology professions earn monthly pay of more than 4 [...]

[Stats] Borrowers in Delinquency on Student Loans

[Related Article] Gov’t to Relieve Student Loan Burden to 558,000 Borrowers (Korea Bizwire, May 1) A bill that would relieve the burden of those who are unable to pay back student loans has passed the National Assembly. The qualifications will, however, be restricted to those whose loans have been in arrears for more than six months [...]

[Stats] Number of Startup Companies

[Related Article] Start-up Rises out of Necessity, not by Entrepreneurship (Korea Bizwire, May 1) First-quarter figures for new start-ups signal that the economy may be finally in full recovery pace. Given there are many “micro” businesses whose capital is below 10 million won headed by middle-aged entrepreneurs, however, it is too early to tell… (see the full [...]

[Stats] Number of Consumer Complaints Related to Mobile Games

[Related Article] PIN Becomes Essential for App Market Access (Korea Bizwire, May 1) To prevent unintentional mobile application payments, various institutional strategies will be provided such as obligated password input and exposure of payment information notice while using the app markets..… (see the full text of this news) Infographics Design Team (Infographic@kobizmedia.co.kr)

[Stats] Market Shares of Big 3 Mobile Carriers

[Related Article] Will KT Operating Alone Change the Market Dynamics? (Korea Bizwire, April 29) As mobile telecommunications market as the company is the last runner for aseries of suspensions ordered by the Ministry of Science, ICT and Future Planning, a big change is expected in the market dynamics.… (see the full text of this news) [...]

[Stats] How Has Tariff Elimination Influenced Imported Wine Prices?

[Related Article] Korean Wine Drinkers Pay 9 Times More for Their Red Wine (Korea Bizwire, April 25) The domestic selling prices of imported red wines are nine times higher than the import prices, with those of white wines and beers more expensive by 5.9 and 3.4 times on average, respectively… (see the full text of this [...]

[Stats] Consumer Claims on Cleaning Robot

[Related Article] 50% of Robotic Cleaner Users Are Unsatisfied (Korea Bizwire, April 24) A consumer who purchased an automated vacuum cleaner in July last year, asked for a refund after catching the robotic cleaner stuck in one corner of the house unable to roam around and clean the entire floor as it was supposed to do. [...]