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Overseas Card Spending Slightly Up in Q2 on Increased Travels, Direct Purchases

Overseas Card Spending Slightly Up in Q2 on Increased Travels, Direct Purchases

SEOUL, Aug. 31 (Korea Bizwire) — South Koreans’ overseas card spending gained 1 percent in the second quarter of the year on the back of increased overseas travels amid eased COVID-19 curbs and increased direct purchases, central bank data showed Thursday. The amount of money spent overseas by South Koreans with cards, including credit and [...]

Samsung Unveils Revolutionary Washer-Dryer Combo with AI Intelligence

Samsung Unveils Revolutionary Washer-Dryer Combo with AI Intelligence

SEOUL, Aug. 30 (Korea Bizwire) — Samsung Electronics revealed on Wednesday its latest innovation—a groundbreaking appliance set to debut at IFA 2023, Europe’s premier consumer electronics exposition taking place in Berlin, Germany, from September 1 to 5. This cutting-edge offering merges a 25-kilogram washer with a 13-kilogram dryer within a single unit, eliminating the need [...]

Nam June Paik’s Transmission Tower Returns to Illuminate Art Center

Nam June Paik’s Transmission Tower Returns to Illuminate Art Center

YONGIN, Aug. 30 (Korea Bizwire) — Two decades have passed since the luminous spectacle of Nam June Paik’s 2002 creation, the Transmission Tower, illuminated the urban expanse. Now, this iconic artwork finds itself once again gracing the premises of the Nam June Paik Art Center, an exclusive institution bearing his illustrious name. Under the aegis [...]

Population of Kindergarten to High-school Students Declines for 18th Year in Row

Population of Kindergarten to High-school Students Declines for 18th Year in Row

SEOUL, Aug. 30 (Korea Bizwire) — The population of kindergarten to high-school students shrank by nearly 100,000 this year from a year earlier, extending its falling streak to the 18th year, the education ministry said Wednesday. The number of students at the country’s kindergartens and elementary, middle and high schools nationwide amounted to slightly over [...]

S. Korea’s Total Births, Fertility Rate Fall to Record Lows in 2022

S. Korea’s Total Births, Fertility Rate Fall to Record Lows in 2022

SEOUL, Aug. 30 (Korea Bizwire) – South Korea’s total births and fertility rate fell to record lows in 2022, data showed Wednesday, signaling a red alarm on the growth potential of Asia’s fourth-largest economy. Only 249,000 babies were born in 2022, down 11,000 from a year earlier, according to the data compiled by Statistics Korea. [...]

S. Korea Extends Natural Population Fall as Fertility Rate Falls to 0.7

S. Korea Extends Natural Population Fall as Fertility Rate Falls to 0.7

SEOUL, Aug. 30 (Korea Bizwire) — South Korea extended a natural decrease in population in June as the fertility rate hit yet another record low, data showed Wednesday, reflecting the grim demographic trend. Only 18,615 babies were born in June, down 1.6 percent from a year earlier, according to the monthly report from Statistics Korea. [...]