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Archive by category Business Statistics

[Stats] Change of Major Preferences in Car Purchasing Plan

Background of the hot sales of imported wheels lies their good fuel efficiency. According to a recent survey, imported cars attract domestic buyers with their higher fuel efficiency and they purchase foreign cars for that reason, while domestic cars appeal the buyers with their exterior looks and Korean consumers buy them due to lower prices. [...]

[Stats] Bottom Line of Korea’s Meat Products Industry

Data revealed that a cattle farmer takes an average of 573,000-won loss for every bull he raises.According to a report “2013 Livestock Production Cost Survey” published by the National Statistical Office on May 30, the total cost of raising a beef cow was 6,509,000 won as of 2013. In contrast, the average price of a [...]

[Stats] Foreigners’ Land Ownership in Korea

For the first quarter of this year, the Chinese bought the largest amount of land in Korea of all nationalities. The Ministry of Land, Infrastructure, and Transportation said on May 28 that the total foreign land holdings as of the end of March were 227.44 square kilometers, accounting for about 0.22 percent of the nation’s [...]

[Stats] Variation of Household Credit Volume

[Related Article] Korea’s Household Leverage Exceeds OECD Average (Korea Bizwire, May 28) An analysis that Korea’s household debts have not only exceeded the OECD average but also reached the critical point which could trigger an economic crisis has come out… (see the full text of this news) Infographics Design Team (Infographic@kobizmedia.co.kr)

[Stats] Mobile Banking Subscribers

[Related Article] Number of Smartphone Banking Users Exceeds 40 Million in Korea (Korea Bizwire, May 16) The number of people using smartphone banking service has exceeded 40 million for the first time ever in Korea. On May 15, according to a report “Domestic Banking Services in the First Quarter of 2014” by the Bank of Korea, the total [...]

[Stats] Consumer Claims Associated with Wedding Hall Troubles

[Related Article] Excessive Cancellation Fee of Wedding Halls Now Ruled Illegal (Korea Bizwire, May 1) Wedding halls will now have to break away from the practice of forfeiting the deposit money even when couples cancel their bookings months before their wedding day. Furthermore, wedding halls are now banned from charging excessive cancellation fees when newlyweds call off [...]

[Stats] Proportion of Paid Workers by Wage Level and Occupation

[Related Article] Korea’s Low-wage Fact: Half of Employees Earn Less than $2K a Month (Korea Bizwire, May 1) About a half of salaried workers in Korea is earning less than 2 million won (US$1,937) a month. Meanwhile, about 30 percent of those in financial services and science and technology professions earn monthly pay of more than 4 [...]

[Stats] Borrowers in Delinquency on Student Loans

[Related Article] Gov’t to Relieve Student Loan Burden to 558,000 Borrowers (Korea Bizwire, May 1) A bill that would relieve the burden of those who are unable to pay back student loans has passed the National Assembly. The qualifications will, however, be restricted to those whose loans have been in arrears for more than six months [...]

[Stats] Number of Startup Companies

[Related Article] Start-up Rises out of Necessity, not by Entrepreneurship (Korea Bizwire, May 1) First-quarter figures for new start-ups signal that the economy may be finally in full recovery pace. Given there are many “micro” businesses whose capital is below 10 million won headed by middle-aged entrepreneurs, however, it is too early to tell… (see the full [...]

[Stats] Number of Consumer Complaints Related to Mobile Games

[Related Article] PIN Becomes Essential for App Market Access (Korea Bizwire, May 1) To prevent unintentional mobile application payments, various institutional strategies will be provided such as obligated password input and exposure of payment information notice while using the app markets..… (see the full text of this news) Infographics Design Team (Infographic@kobizmedia.co.kr)