SEOUL, July 22 (Korea Bizwire) — Four out of five multilevel marketing salespeople in South Korea earned no sponsor allowance at all last year, the country’s antitrust regulator said Thursday. The nation’s multilevel marketing sales totaled 5.18 trillion won (US$3.96 billion) last year, up almost 4 percent from a year ago, with the total amount [...]
SEOUL, July 21 (Korea Bizwire) — The number of beef cattle raised in South Korea reached an all-time high in the second quarter of this year on the back of rising demand, data showed Thursday. The number of beef cattle came to 3.67 million in the April-June period, up 3 percent from a year earlier, [...]
SEOUL, July 21 (Korea Bizwire) — Foreign direct investment (FDI) pledged to South Korea’s free economic zones (FEZs) more than doubled in the first half of this year to hit a three-year high amid post-pandemic economic recovery, data showed Thursday. The country’s nine FEZs received US$560 million worth of FDI commitment during the January-June period, [...]
SEOUL, July 21 (Korea Bizwire) — The vast majority of South Koreans believe that the country has already entered the era of a multicultural society, while the younger generation believes that they can marry anyone regardless of ethnicity, a poll showed Wednesday. Market researcher Embrain Trend Monitor conducted a survey of 1,000 men and women [...]
SEOUL, July 21 (Korea Bizwire) — Pianist Lim Yun-chan’s popularity is on the rise after clinching the gold in the finals of the 2022 Van Cliburn International Piano Competition. Lim’s mention of Dante Alighieri’s narrative poem in a press release on June 30 has been gaining particular attention. The 18-year-old student of the Korea National [...]
SEJONG, July 21 (Korea Bizwire) — New technology that allows a self-driving car to park itself in a nearby parking space after passengers disembark will be developed in the administrative city of Sejong. The city signed an agreement with the Korea National University of Transportation on Friday to test drive a new autonomous valet parking [...]
SEOUL, July 21 (Korea Bizwire) — The Ministry of Science and ICT said Wednesday it had launched the first stage of commercialization of 5G roaming service in some farming and fishing villages. The first stage of commercialization was launched in 149 eups (towns) and myeons (townships) in 22 cities and counties based on comprehensive consideration [...]
SEOUL, July 21 (Korea Bizwire) — About half of the South Korean households with infants had experienced a career interruption for childbirth and child-rearing, a poll showed Wednesday. The Korea Institute of Child Care and Education conducted a survey of 2,500 households with children under 6 years of age across the country. Half of the [...]
SEOUL, July 20 (Korea Bizwire) — Three in 10 South Korean adults have invested in stock funds, with an average investment of close to 40 million won (US$30,480), a poll showed Tuesday. The Korea Financial Investors Protection Foundation conducted a survey of 2,500 adults between 25 and 64 years of age, 28 percent of whom [...]
SEOUL, July 20 (Korea Bizwire) — The debt ratio of South Korea’s leading 1,000 companies by sales has more than halved over the past 21 years, pointing to a sharp increase in their financial health, a corporate tracker said Wednesday. The average debt-to-equity ratio of those big companies stood at 160 percent in 2021, compared [...]