SEOUL, March 10 (Korea Bizwire) — Nearly 60 percent of South Koreans are against the government’s plan to compensate victims of Japan’s wartime forced labor on its own without involving Japanese firms, a poll showed Friday. In the poll of 1,002 adults conducted by Gallup Korea on Wednesday and Thursday, 59 percent said they oppose [...]
SEOUL, March 9 (Korea Bizwire) — Mergers and acquisitions by South Korean firms decreased 7.7 percent in 2022 from a year earlier amid economic uncertainties, data showed Thursday. The number of mergers came to 1,027 cases last year, down from 1,113 cases tallied in 2021, according to the Fair Trade Commission (FTC). They were valued [...]
SEOUL, March 9 (Korea Bizwire) — The number of Facebook users in South Korea fell to a record low last month as a growing number of young people opted to use Instagram and other social media platforms, industry data showed Thursday. Facebook had a combined 9.79 million South Korean monthly active users (MAU) on the [...]
SEOUL, March 7 (Korea Bizwire) — More than 36 percent of working women have experienced unwelcome comments on their physical appearance at the workplace, a survey showed Tuesday, indicating women are more frequently exposed to gender-based workplace violence than men. In the survey released by the pro-labor civic group Gabjil 119, 23.1 percent of respondents, [...]
SEJONG, March 7 (Korea Bizwire) — Spending on private education for South Korean students shot up 10.8 percent on-year in 2022, data showed Tuesday, reflecting the country’s unwavering enthusiasm for education. Total expenditures on private education for primary, middle, and high school students amounted to 26 trillion won (US$20 billion) in 2022, soaring from 23.4 [...]
SEOUL, March 7 (Korea Bizwire) — The number of customers for internet banking in South Korea continued to grow in 2022 as more online services are available and people prefer transactions on the go, central bank data showed Tuesday. Registered customers for mobile banking totaled some 207.04 million at the end of last year, up [...]
SEOUL, March 7 (Korea Bizwire) — Over half of young women in South Korea said they are willing to give birth, a government survey showed Tuesday, as the nation is struggling to boost the world’s lowest fertility rate. According to the survey of 15,000 young people aged 19 to 34, 55.3 percent of female respondents [...]
SEJONG, March 7 (Korea Bizwire) — South Korea’s customs agency said Tuesday it has detected 8.2 trillion won (US$6.31 billion) worth of illegal trade activities, such as smuggling and violations of foreign currency rules. The amount marks a sharp rise from just 3.2 trillion won tallied a year earlier, according to the Korea Customs Service [...]
SEOUL, March 7 (Korea Bizwire) — South Korea’s imports of Japanese beer hit the highest level in more than three years in January amid a waning anti-Japan campaign here, data showed Tuesday. The country brought in slightly over US$2 million worth of Japanese beer in January, up a whopping 315 percent from a year earlier, [...]
SEOUL, March 6 (Korea Bizwire) — Sales of imported vehicles in South Korea rose 11 percent last month from a year earlier on improved supplies and new models, an industry association said Monday. The number of newly registered foreign vehicles stood at 21,622 units last month, up from 19,454 units a year ago, the Korea [...]