SEOUL, June 29 (Korea Bizwire) — The number of foreign visitors to South Korea soared almost five times last month from a year earlier, partly due to a sharp increase in travelers from Japan, data showed Thursday. In May, around 867,000 foreign nationals traveled here, up 399 percent on-year, according to the Korea Tourism Organization [...]
SEOUL, June 28 (Korea Bizwire) — The number of babies born in South Korea hit yet another fresh low in April, data showed Wednesday, further extending the decline in the population of Asia’s fourth-largest economy. Only 18,484 babies were born in April this year, sinking 12.7 percent from a year earlier, according to the monthly [...]
SEOUL, June 28 (Korea Bizwire) – Retail sales in South Korea rose 5.7 percent on-year in May as consumers celebrated holidays amid the lifting of COVID-19 restrictions, the industry ministry said Wednesday. The combined sales of 25 major offline and online retailers came to 15 trillion won (US$11.5 billion) last month, compared with 14.1 trillion [...]
WASHINGTON, June 27 (Korea Bizwire) — A majority of South Koreans hold a positive view of the United States and President Joe Biden while more than seven out of every 10 South Koreans also believe the U.S. contributes to global peace and stability, a poll showed Tuesday. In a 23-nation survey conducted by the Pew [...]
SEOUL, June 26 (Korea Bizwire) — Construction orders in South Korea are likely to slump nearly 13 percent on-year in 2023 due to less government spending on infrastructure and a sluggish housing market, a think tank said Monday. Local builders’ orders are predicted to decline 12.9 percent from a year earlier to 200.1 trillion won [...]
SEOUL, June 25 (Korea Bizwire) — The number of violent crimes that saw a significant drop in the initial years of the pandemic bounced back last year partially on eased social distancing measures, data showed Sunday. A total of 450,623 violent crimes were reported last year, up 7.4 percent from 419,683 cases the previous year, [...]
SEOUL, June 22 (Korea Bizwire) — The number of households that moved from urban areas to farming and fishing villages logged a marked decrease in 2022 following two years of on-year growth amid the COVID-19 pandemic, data showed Thursday. The number of households moving to farming villages came to 318,769 in 2022, down 12.3 percent [...]
SEOUL, June 22 (Korea Bizwire) — In-flight disturbances and other illegal acts on board have risen significantly this year as more people have gone on overseas trips since the lifting of COVID-19 restrictions, government data showed Thursday. According to the data from the Ministry of Land, Infrastructure and Transport, 159 such cases were reported between [...]
SEOUL, June 20 (Korea Bizwire) — The number of double-income households in South Korea moved up in 2022 from a year earlier, data showed, amid the eased COVID-19 restrictions. Double-income households came to 5.84 million in October 2022, up 20,000 from a year earlier, according to the data from Statistics Korea. They made up 46.1 [...]
SEOUL, June 20 (Korea Bizwire) — South Korea’s overseas direct investment dipped 41.6 percent in the first quarter of 2023 from a year earlier, data showed Tuesday, led by the manufacturing and property sectors. The value of overseas investments by South Korean companies reached US$16.49 billion, down 41.6 percent from a year earlier, according to [...]