SEOUL, Aug. 31 (Korea Bizwire) — The number of startups in South Korea fell nearly 5 percent in the first half of the year due mainly to a plunge in new real estate businesses, government data showed Wednesday. A total of 696,000 new companies were set up in the country in the January-June period, down [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korea’s expenditure on processed food consumption grew approximately 18 percent during the course of the COVID-19 pandemic, a public institution survey analysis showed Tuesday. According to the state-run Rural Development Administration (RDA), the country’s estimated spending on processed foods totaled 47.1 trillion won last year, up 18.4 percent [...]
SEOUL, Aug. 30 (Korea Bizwire) — Almost half of young South Korean adults who age out from orphanages are facing extreme difficulties, with some even committing suicide, a government report said Monday. The Korea Institute for Health and Social Affairs reported that 50 percent of 3,104 orphans being discharged from facilities have thought about committing [...]
SEOUL, Aug. 30 (Korea Bizwire) — As the government has decided to nurture digital talent, there is inequality in digital literacy depending on a family’s economic situation among middle and high school students, a survey showed Monday. The Seoul Education Research & Information Institute conducted a survey of 13,141 middle and high school students in [...]
SEOUL, Aug. 30 (Korea Bizwire) — Greenhouse gas emitted during the production of face masks may reach up to 1,000 tons per day, a government report said Monday. The Anti-Corruption and Civil Rights Commission conducted a survey of 1,215 people, who said they used one new face mask every 2.3 days on average. Supposing there are [...]
SEOUL, Aug. 30 (Korea Bizwire) — Samsung Electronics Co. is introducing its virtual avatar, G-Nusmas, the company’s first “alien employee.” The tech giant recently revealed a teaser on social media alluding to the introduction of G-Nusmas at the Internationale Funkausstellung (IFA), the biggest annual electronics fair in Europe, set to open in Berlin on Sept. [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korea’s rice paddy area inched down 0.7 percent in 2022 from last year as farmers opted to grow other crops due to falling prices of the staple grain, data showed Tuesday. The country’s rice cultivation area came to 727,158 hectares — slightly more than half the size of [...]
SEOUL, Aug. 30 (Korea Bizwire) — Retail sales in South Korea rose 9.7 percent on-year in July amid eased COVID-19 curbs and the growth in people’s outdoor activities, the industry ministry said Tuesday. The combined sales of 25 major offline and online retailers came to 14.17 trillion won (US$10.48 billion) last month, compared with 12.9 [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korea’s major retailers are opening a string of unique pop-up stores as part of efforts to attract more customers. Galleria Department Store is striving to emphasize its “premium” image, opened a Hermes pop-up store for male customers in earlier this month. In September last year, Gucci and Valencia [...]
SEOUL, Aug. 30 (Korea Bizwire) — More than 7 out of 10 South Korean office workers using flexible work systems felt an improvement in both productivity and work-life balance, a survey showed Monday. According to a survey conducted by the Federation of Korean Industries of 723 wage workers, 73.3 percent of those using flexible work [...]