SEOUL, July 20 (Korea Bizwire) — Major companies in South Korea have seen their total economic contribution soar 20 percent over the past nine years thanks to their robust growth, a corporate tracker said Wednesday. The value of economic contribution created by the country’s top 100 firms by sales came to 1,238 trillion won (US$950 [...]
SEOUL, July 20 (Korea Bizwire) — South Korea’s dependence on Japanese materials and parts fell to an all-time low in the first half of this year, three years after Tokyo’s control of exports of key materials bound for Seoul, data showed Wednesday. Imports of Japanese materials, parts and equipment came to US$20.07 billion during the [...]
BUSAN, July 20 (Korea Bizwire) — Racing models were nowhere to be seen at this year’s Busan International Motor Show, held for the first time in four years due to pandemic. Hyundai Motor Group and BMW Group Korea, participating in the show, have been running their exhibition booths since July 15 without any female models. [...]
SEOUL, July 20 (Korea Bizwire) — So-called “low food” that does not contain any additives is gaining popularity as Koreans are increasingly looking after their health in the summer season. WeMakePrice, a major online shopping mall, reported a sales increase of low-calorie carbonated drinks (396 percent), barley coffee (589 percent), kombucha tea (221 percent) and [...]
SEOUL, July 19 (Korea Bizwire) — The average price of an apartment in Seoul has shot up nearly fourfold in the past 18 years after more than doubling under the previous Moon Jae-in administration alone, a civic group analysis showed Tuesday. A 99.1-square-meter apartment in the capital fetched 1.28 billion won (US$973,162) on average as [...]
SEOUL, July 19 (Korea Bizwire) — South Korea’s youth employment rose sharply in May from a year earlier despite the coronavirus pandemic, government data showed Tuesday. The number of employed young people aged 15-29 reached 4.1 million in May, up 196,000 from a year earlier, according to the data released by Statistics Korea. Their employment [...]
SUWON/YONGIN, July 19 (Korea Bizwire) — More college students from overseas are entering South Korea for Korean language studies and Korean cultural programs as universities are restarting summer international exchange programs that were suspended due to the pandemic. Ajou University has been running a Summer School program for 20 college students from Uzbekistan since July [...]
SEOUL, July 19 (Korea Bizwire) — The two landmark statues in Gwanghwamun Square in central Seoul will be cleaned for the first time in more than two years as the city government plans to reopen the square this month following the completion of its remodeling. The Seoul Metropolitan Government said it will clean the statues [...]
SEOUL, July 19 (Korea Bizwire) — The Seoul Metropolitan Government said Monday that it will launch a project to realize a variety of tourist attractions in the metaverse. Seoul, designated as a lead organization for this project by the Ministry of Science and ICT, will form a cross-regional consortium with North Gyeongsang Province and North [...]
SEOUL, July 18 (Korea Bizwire) — Drug offenders in their teens to 30s grew sharply in the past three years to represent 58.9 percent of those convicted of drug crimes last year, the chief of the Seoul Metropolitan Police Agency said Monday. The number of young drug offenders in those age brackets stood at 1,566 [...]