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S. Korea’s ICT Exports Hit Record High of US$233 bln in 2022

S. Korea’s ICT Exports Hit Record High of US$233 bln in 2022

SEOUL, Jan. 12 (Korea Bizwire) — South Korea’s exports of information and communication technology (ICT) products hit a fresh high last year on strong overseas demand for chips and mobile phones, data showed Thursday. Outbound shipments of ICT products rose 2.5 percent on-year to US$233.3 billion for 2022, outnumbering the previous high of $227.6 billion [...]

Banks’ Household Loans Slip for 1st Time in 18 yrs in 2022

Banks’ Household Loans Slip for 1st Time in 18 yrs in 2022

SEOUL, Jan. 12 (Korea Bizwire) — Household loans extended by banks in South Korea declined for the first time in 18 years last year, due mainly to higher borrowing costs, the central bank’s data showed Thursday. Banks’ outstanding household loans decreased by 2.6 trillion won (US$2.09 billion) to 1,058.1 trillion won, according to the data [...]

Mt. Taebaek Snow Festival Returns After Pandemic Hiatus

Mt. Taebaek Snow Festival Returns After Pandemic Hiatus

TAEBAEK, Jan. 12 (Korea Bizwire) — The annual snow festival in Taebaek, a mountainous city in Gangwon Province, is back after a three-year absence, opening with a snow sculpture competition for university students. The snow sculpture competition, one of the Taebaeksan Mountain Snow Festival’s main events, will begin with an orientation session on Saturday. A [...]

More than Half of S. Koreans Don’t Consider Nationality Important for Next Nat’l Football Coach

More than Half of S. Koreans Don’t Consider Nationality Important for Next Nat’l Football Coach

SEOUL, Jan. 11 (Korea Bizwire) — More than half of South Koreans don’t care about the nationality of the next head coach of the men’s national football team, a survey showed Wednesday. Hankook Research polled 1,000 South Koreans over the age of 18 from Dec. 23 to 26 on South Korean football. Among the respondents, [...]

S. Korea’s Job Additions Hit 22-year High in 2022 on Pandemic Recovery

S. Korea’s Job Additions Hit 22-year High in 2022 on Pandemic Recovery

SEOUL, Jan. 11 (Korea Bizwire) — South Korea reported the largest job additions in more than 20 years in 2022, data showed Wednesday, as the country gradually returned to pre-pandemic normalcy. The number of employed people came to 28.08 million in 2022, up 816,000 from a year earlier, according to the data compiled by Statistics [...]

University Students Perceive Apple as ‘Trendy’ and Samsung as ‘Friendly’: Survey

University Students Perceive Apple as ‘Trendy’ and Samsung as ‘Friendly’: Survey

SEOUL, Jan. 11 (Korea Bizwire) — South Korean university students turned out to perceive Apple Inc. as having a “trend-setting” image and Samsung Electronics Co. as having a “friendly” image, a survey showed Tuesday. University student community operator Vinu Labs Inc. conducted a survey of 2,000 students in their 20s who said they had more than [...]

LG Sweeps Top Spots in Consumer Report’s Best Washer Reviews

LG Sweeps Top Spots in Consumer Report’s Best Washer Reviews

SEOUL, Jan. 11 (Korea Bizwire) — LG Electronics Inc. swept the top spots in all major categories of best washing machines evaluated by a U.S. consumer advocacy magazine once again this year after last year’s success. Consumer Reports chose the South Korean home appliances giant’s products as the best washer of the year in three [...]

Builders’ Overseas Orders Top US$30 bln for 3rd Year in 2022 amid Economic Recovery

Builders’ Overseas Orders Top US$30 bln for 3rd Year in 2022 amid Economic Recovery

SEOUL, Jan. 10 (Korea Bizwire) — Overseas construction orders clinched by South Korean builders topped the US$30 billion mark for the third straight year in 2022 as the global economy slowly recovered from the fallout of the pandemic, data showed Tuesday. Local builders secured a combined $31 billion worth of construction orders last year, up [...]