SEOUL, July 18 (Korea Bizwire) — The surge in demand for delivery food in the aftermath of the pandemic has led to a surge in imports and the production of disposable spoons, forks, and knives. The Ministry of Food and Drug Safety reported that the supply of disposable forks jumped from 1,501 tons in 2019 [...]
SEOUL, July 18 (Korea Bizwire) — Consumers struggling with surging prices are increasingly limiting their purchases of products other than essential goods like food. The Ministry of Trade, Industry and Energy reported that last month’s offline retailer sales went up by 10.1 percent, while sales in the home appliances and culture sectors dropped by 9.7 [...]
SEOUL, July 18 (Korea Bizwire) — While foreigners living in South Korea think highly of the country’s medical system, their satisfaction with living here is low. The Expat Insider 2022, a report containing data from a survey of foreign residents conducted by international networking site InterNations, showed that Asia’s fourth-largest economy was the 40th country out [...]
SEOUL, July 18 (Korea Bizwire) — South Koreans’ transactions of foreign stocks fell sharply in the first half of the year from six months earlier on bearish overseas equity markets, with their bond trading edging up, data showed Monday. Local investors’ transactions of overseas shares were valued at US$167.99 billion in the January-June period, down [...]
SEOUL, July 18 (Korea Bizwire) — Sales of K-pop albums have once again renewed their all-time-high level in the first half of this year, with the music continuing to be in its heyday, a local market tracker said. According to Kim Jin-woo, head researcher of Circle Chart, which reports accumulated sales and streams, on Sunday, [...]
SEOUL, July 18 (Korea Bizwire) — South Korean millennials used online shopping portals more than any other generation while members of Generation X were the most prolific users of TV home shopping for the past three years, a survey showed Sunday. The Korea Information Society Development Institute (KISDI) conducted a survey of the 4,171 households [...]
SEOUL, July 15 (Korea Bizwire) – Instances of workplace harassment have modestly decreased for the past three years after the implementation of a workplace anti-bullying law in 2019, a poll showed Friday, though the degree of abuse felt by the victims is still serious. According to the recent poll of 1,000 salaried workers by pollster [...]
BUSAN, July 15 (Korea Bizwire) — The 2022 Busan International Motor Show has made a comeback after a four-year hiatus, showcasing vehicles from six major automakers and a variety of other South Korean brands. The press-exclusive exhibition took place at BEXCO in the country’s largest port city on Thursday with Nexen Tire Corp. the only [...]
DAEJEON, July 15 (Korea Bizwire) – The Korea Advanced Institute of Science and Technology (KAIST), South Korea’s top science university, chose BMW’s i Vision Circular and Hyundai Motor Co.’s Trailer Drone as the Concept Car of the Year at the Future Mobility Awards 2022. i Vision Circular comes with tires made with natural rubber that [...]
SEOUL, July 15 (Korea Bizwire) — South Korea’s car exports reached an eight-year high in the first half of this year on the back of global popularity of eco-friendly cars, data showed Friday. The value of outbound shipments of automobiles grew 3.2 percent on-year to US$24.35 billion during the January-June period, which marked the highest [...]