SEOUL, March 6 (Korea Bizwire) –A study released on Saturday revealed that more than 1 in 10 college students who were victims of childhood bullying went on to attempt suicide in early adulthood, which is more than double the rate of students who did not experience bullying. The study also suggests that the effects of [...]
SEOUL, March 6 (Korea Bizwire) — Religious practice in South Korea has hit its lowest point since 1998, according to a survey conducted by the Korean National Association of Christian Pastors (KNACP). The survey, which interviewed 9,182 individuals aged 19 and above between February and November 2022, found that the share that identified themselves as [...]
SEOUL, March 3 (Korea Bizwire) — Online shopping in South Korea surged 6.3 percent on-year in January as the purchase of travel services more than doubled on eased COVID-19 restrictions around the globe, data showed Friday. The value of online shopping transactions amounted to 17.91 trillion won (US$13.64 billion) last month, compared with 16.8 trillion [...]
SEOUL, March 3 (Korea Bizwire) — South Korea’s exports of skincare devices hit a fresh high in 2022, data showed Friday, as people around the globe spent more money on beauty products amid eased social distancing rules. Exports of skincare devices, including light-emitting diode (LED) masks and massage tools, reached US$353 million last year, up [...]
SEOUL, March 3 (Korea Bizwire) — The number of startups in South Korea fell more than 7 percent in 2022 from a year earlier amid a sluggish property market, government data showed Friday. A total of 1.317 million new companies were set up in the country last year, down 7.1 percent from a year earlier, [...]
SEOUL, March 2 (Korea Bizwire) — The value of foreign securities held by South Korean institutions fell in 2022 due to losses from heightened global market volatility, data showed Thursday. The outstanding amount of foreign securities held by institutional investors is estimated at US$365.29 billion as of the end of December, down from the previous [...]
SEOUL, Feb. 28 (Korea Bizwire) — The average monthly salary of wage earners in South Korea rose 4.1 percent on-year in 2021, data showed Tuesday, on the back of higher salaries in the finance and energy industries. Wage earners in Asia’s fourth-largest economy took home a monthly average of 3.3 million won (US$2,669) in December [...]
SEOUL, Feb. 28 (Korea Bizwire) — South Koreans’ overseas card spending swelled nearly 19 percent in 2022 on the back of eased COVID-19 curbs, central bank data showed Tuesday. The amount of money spent overseas by South Koreans with cards, including credit and debit cards, came to US$14.54 billion last year, up 18.9 percent from [...]
SEOUL, Feb. 28 (Korea Bizwire) — South Koreans’ direct purchases of foreign goods hit a fresh record high last year, data showed Tuesday, on the back of stronger demand for dietary supplements and electronics. South Korean shoppers bought a total of US$4.72 billion worth of foreign goods directly from overseas in 2022, compared with $4.65 [...]
SEOUL, Feb. 27 (Korea Bizwire) — The number of initial public offerings (IPOs) and the amount of funds raised from the process in 2022 decreased sharply due to market uncertainty caused by inflation and monetary tightening in major countries, data showed Monday. A total of 70 companies made their debuts on the main KOSPI and [...]