SEOUL, Jan. 25 (Korea Bizwire) — South Korea’s top 30 family-controlled conglomerates have seen their stock market capitalization spike more than 30 percent over the past four years, with Samsung Group taking the top spot, a market tracker said Tuesday. The combined value of 201 listed firms belonging to the leading business groups, known as [...]
SEJONG, Jan. 25 (Korea Bizwire) — South Korea will launch an energy cashback pilot program starting with three cities — Sejong, Naju and Jincheon. Under this program, apartment complexes and households that consume less electricity than the average of neighboring apartment complexes and households can receive a cashback refund for the amount saved. The apartment [...]
SEOUL, Jan. 24 (Korea Bizwire) — Eight in 10 foreigners living in and out of South Korea positively view the country, a government survey showed Monday. The Korean Culture and Information Service (KOCIS) canvassed 12,500 non-Koreans aged 16 and more in 24 countries around the world in September and found 80.5 percent of the respondents [...]
SEOUL, Jan. 24 (Korea Bizwire) — The changes in government policy against COVID-19 have influenced consumption patterns. Sales of hangover helpers and travel kits rose by 28.4 percent and 22.6 percent, respectively, in November of last year, following the introduction of the government’s ‘With Corona’ policy, according to the convenience store chain CU. In contrast, [...]
SEOUL, Jan. 24 (Korea Bizwire) — Hyundai Motor Co. is holding an unusual promotion event for its all-electric IONIQ 5 in which the model uses its “vehicle-to-load” technology to supply electricity to a small cabin deep in the woods. South Korea’s biggest carmaker recently joined hands with Studio Puisto Architects, a Helsinki architecture studio, to [...]
SEOUL, Jan. 24 (Korea Bizwire) — The number of buildings put up for court auction has increased since October of last year following the government’s introduction of stricter regulations for loans and higher interest rates. The National Court Administration reported that the number of court auction registrations last year went from 5,521 cases in September [...]
SEOUL, Jan. 24 (Korea Bizwire) — Exports of South Korea’s content industry rose 16.3 percent on-year in 2020 on the back of the global popularity of Korean pop culture, despite the coronavirus pandemic, government data showed Monday. The industry’s outbound shipments stood at US$11.9 billion in 2020, compared with $10.25 billion a year earlier, according [...]
SEOUL, Jan. 24 (Korea Bizwire) — South Korean imports of beer hit a five-year low in 2021 in the wake of a nationwide boycott of Japanese products, data showed Monday. The value of beer imports came to US$223.1 million last year, down 1.7 percent from a year earlier, according to the data compiled by the [...]
SEJONG, Jan. 24 (Korea Bizwire) — The number of discouraged workers in South Korea touched a fresh all-time high in 2021 due to a weak job market amid the prolonged coronavirus pandemic, government data showed Monday. Asia’s fourth-largest economy had 628,000 discouraged workers, the largest tally since related data tracking began in 2014, according to [...]
SEOUL, Jan. 23 (Korea Bizwire) — South Korea’s air traffic rose nearly 11 percent last year on increased domestic flights but international travel continued to falter amid the pandemic, data showed Sunday. Over 465,000 domestic and international flights flew over South Korea last year, up 10.8 percent from a year earlier, according to data from [...]