SEOUL, Feb. 7 (Korea Bizwire) — South Korea’s online food market jumped more than 35 percent to touch an all-time high in 2021 amid the coronavirus pandemic, data showed Monday. The value of online food transactions in Asia’s fourth-largest economy stood at 58.5 trillion won (US$48.8 billion) last year, up 35.3 percent from a year [...]
SEOUL, Feb. 6 (Korea Bizwire) — The proportion of apartments bought by people in their 30s or younger reached an all-time high last year amid “panic buying” over soaring housing prices, data showed Sunday. The buyers of this age group accounted for 31 percent of the country’s total apartment sales in 2021, up from 29.2 [...]
SEOUL, Feb. 6 (Korea Bizwire) — South Korea’s fisheries output rose 1.2 percent last year from a year earlier on the back of improved production from the aquaculture sector, data showed Sunday. The total fisheries output amounted to 3.76 million tons in 2021, compared with 3.71 million tons tallied a year earlier, according to the [...]
YANGJU, Feb. 4 (Korea Bizwire) — 104 hours and 30 minutes. That’s how long it took to locate all three workers buried under 300,000 square meters of land at a quarry in Yangju, Gyeonggi Province on Jan. 29. Tragically, the three workers were found dead. The quarry collapsed on the first day of the Lunar [...]
SEOUL, Feb. 4 (Korea Bizwire) — The Seoul Metropolitan Government said Thursday that the number of people who used the free suit rental service for job seekers reached a record high last year. Used by 4,032 people in 2016 when it was first introduced, the rental service was used by 39,547 people last year, up [...]
SEOUL, Feb. 4 (Korea Bizwire) — The amount of bills and coins that the central bank discarded due to damage declined nearly 40 percent as people increased the use of non-cash payments for consumption, data showed Friday. A total of 403.5 million damaged bills and coins were discarded last year, down 37.2 percent from 642.6 [...]
SEOUL, Feb. 4 (Korea Bizwire) — Card spending in South Korea rose more than 10 percent in 2021 from a year earlier amid the coronavirus pandemic, industry data showed Friday. Spending made with credit, debit and prepaid cards stood at about 977 trillion won (US$811 billion) last year, up 10.3 percent from the same quarter [...]
SEOUL, Feb. 4 (Korea Bizwire) — Seoul Metro’s transport revenues have fallen for two consecutive years due to the impact of the COVID-19 pandemic. The operator of the city’s vast subway system said Thursday its transport revenues stood at 1.15 trillion won (US$961 million) last year, down 3.27 percent from a year ago, following a [...]
SEOUL, Feb. 3 (Korea Bizwire) – The market for decaffeinated coffee is expanding as the pandemic has prompted consumers to drink more coffee while gaining interest in health. The Korea Customs Service reported that imports of decaffeinated coffee beans jumped from 3,712 tons in 2020 to 4,737 tons in 2021, an increase of 27.5 percent. [...]
SEOUL, Feb. 3 (Korea Bizwire) — A growing number of men are buying leggings and cosmetics for their own use. Shinhan Card Co., a major credit card company in South Korea, analyzed purchases of leggings using the company’s credit cards between January and September of last year, which showed that purchases among men had jumped [...]