SEOUL, March 14 (Korea Bizwire) — More than half of South Koreans expect President-elect Yoon Suk-yeol to do well on state affairs, a survey showed Monday. According to the survey of 1,018 adults conducted by Realmeter last Thursday and Friday, 52.7 percent of respondents expect Yoon to do a good job on state affairs. In [...]
SEOUL, March 14 (Korea Bizwire) — Foreign investors remained net sellers of South Korean stocks in February amid growing jitters over Russia’s invasion of Ukraine, data showed Monday. Foreigners offloaded a net 2.58 trillion won (US$2.09 billion) worth of local stocks last month, marking the second straight month of net selling, according to the data [...]
SEOUL, March 13 (Korea Bizwire) — Six out of 10 South Korean companies want the incoming government of President-elect Yoon Suk-yeol to focus on creating jobs to support the economic recovery, a survey showed Sunday. Of 157 local companies, 95, or 60.5 percent, picked job creation as the top policy priority for the new government, [...]
SEOUL, March 13 (Korea Bizwire) — Foreign ownership of South Korean stocks fell to a six-year low, bourse data showed Sunday, as overseas investors preferred safer assets in the wake of the Ukraine crisis and ahead of a widely expected U.S. rate hike. As of Friday, foreign investors held 666 trillion won (US$538 billion) worth [...]
SEOUL, March 11 (Korea Bizwire) — Spending on private after-school classes hit a record high of 23.4 trillion won (US$18.9 billion) last year amid the prolonged COVID-19 pandemic that restricted in-person school education, according to a survey released by the education ministry Friday. The 2021 expenditures, based on a survey of some 74,000 elementary to [...]
SEOUL, March. 11 (Korea Bizwire) — President-elect Yoon Suk-yeol will go through his inauguration along with his seven presidential pets. Yoon and his wife have been raising four dogs and three cats at their residence in Seoul’s Seocho District. The couple had no children and have been taking care of the seven pets as a [...]
SEOUL, March. 11 (Korea Bizwire) — Whisky is replacing wine as a liquor popular among South Korea’s younger generation. GS25, the convenience store chain run by GS Retail Co., said that whisky sales jumped by 46.8 percent between 2019 and 2020, and 60.8 percent between 2020 and 2021. Between 2021 and February of this year, [...]
SEOUL, March. 11 (Korea Bizwire) — Foreigners withdrew more money from the stock market in South Korea than their investments last month as a risk-averse attitude grew amid heightened geopolitical risks from Russia’s invasion of Ukraine, central bank data showed Friday. Foreigners unloaded a net US$1.86 billion worth of local stocks in February, marking the [...]
SEOUL, March. 11 (Korea Bizwire) — As the COVID-19 pandemic drags on, the number of South Koreans who buy more than 100 books a year is increasing. According to Kyobo Book Center, South Korea’s biggest bookstore chain, the number of readers who bought more than 100 books last year was up by 9.5 percent compared [...]
SEOUL, March 10 (Korea Bizwire) — Election day in South Korea was marked by a plethora of red voting stamps on social media. As soon as polls opened in the presidential election on Wednesday, voters shared photos on Instagram, Facebook and other online communities to show that they had voted. Many of them took photos [...]