SEOUL, May 16 (Korea Bizwire) — South Korea’s car exports surged 40.3 percent on-year in April on the back of solid demand for eco-friendly cars, the industry ministry said Tuesday. The value of outbound shipments of automobiles came to US$6.16 billion last month, compared with $4.4 billion a year earlier, according to the data from [...]
SEOUL, May 16 (Korea Bizwire) — Major companies in South Korea saw their total first-quarter operating income plunge almost 50 percent on-year due to sluggish chip exports, a corporate tracker said Tuesday. The combined operating income of 309 out of South Korea’s top 500 companies by sales came to 25.9 trillion won (US$19.4 billion) in [...]
SEOUL, May 14 (Korea Bizwire) — Kakao Corp., a major South Korean tech firm, beat its rival Naver Corp. in terms of average wage for three consecutive years through 2022, data showed Sunday. Kakao, which operates the country’s most popular mobile messenger, KakaoTalk, saw its average wage reach 139 million won (US$103,422) last year, hovering [...]
SEOUL, May 14 (Korea Bizwire) — The number of jobs for people in their 40s in South Korea decreased for the 10th consecutive month in April, data showed Sunday, amid the protracted slump in the country’s manufacturing industry. Jobs for the age group have been falling on-year since July, with the positions decreasing 22,000 from [...]
SEOUL, May 11 (Korea Bizwire) – Seven in 10 South Koreans support the Yoon Suk Yeol government’s efforts to shed light on North Korea’s dire human rights situation, a poll showed Thursday. In a survey on 1,000 adults conducted by the Peaceful Unification Advisory Council (PUAC) from March 24-26, 70.5 percent of the respondents said [...]
SEJONG, May 10 (Korea Bizwire) — South Korea’s job additions slowed in April after a brief rebound a month earlier, data showed Wednesday, amid higher borrowing costs and an economic slowdown, with most new positions taken by seniors. The number of employed people came to 29.23 million in April, up around 354,000 from a year [...]
SEOUL, May 10 (Korea Bizwire) — Global tech behemoth Samsung Electronics Co. remained South Korea’s largest company by sales in 2022, with 42 businesses newly making the country’s top 500 firms’ list, a corporate tracker said Wednesday. Samsung Electronics, the flagship unit of South Korea’s leading family-controlled conglomerate Samsung Group, retained the No. 1 spot [...]
SEOUL, May 9 (Korea Bizwire) — The number of retailers selling products through digital marketplaces more than doubled over the past five years, data showed Tuesday, reflecting the growing popularity of online shopping. Some 543,000 businesses sold products via shopping platforms, such as Coupang and Naver in 2022, rising sharply from just 218,616 tallied in [...]
SEOUL, May 9 (Korea Bizwire) — Foreign investors bought a net 5.96 trillion won (US$4.5 billion) worth of South Korean stocks and bonds in April, logging the biggest monthly purchase in 16 months, the country’s financial regulator said Tuesday. Foreigners bought a net 1.27 trillion won worth of listed stocks, turning to net buyers from [...]
SEOUL, May 9 (Korea Bizwire) — South Korean shipyards lagged far behind their Chinese rivals in terms of new global orders to place second in the world in April amid plunging demand, industry data showed Tuesday. Local shipbuilders clinched a combined 380,000 compensated gross tons (CGTs) in new orders last month, taking up 20 percent [...]