SEJONG, May 26 (Korea Bizwire) — South Korea added 491,000 jobs for wage workers in the fourth quarter of 2022, data showed Friday, led by the construction and manufacturing sectors. The number of paying jobs came to 20.45 million in the October-December period, up from 19.96 million tallied a year earlier, according to the data [...]
SEOUL, May 25 (Korea Bizwire) — Household income rose 4.7 percent on-year in the first quarter amid the strong job market, data showed Thursday, while the distribution ratio for disposable income also widened over the period. The country’s households earned an average 5.05 million won (US$3,822) per month in the January-March period, compared with 4.82 [...]
SEOUL, May 25 (Korea Bizwire) — Police have apprehended 31 people on charges of industrial technology leaks abroad between January and April, an 81 percent jump from 17 caught during the same period of last year, an opposition lawmaker said Thursday. In one such case, a manager working at a Chinese factory of a domestic [...]
SEOUL, May 24 (Korea Bizwire) — The number of babies born in South Korea fell to a fresh low in March, data showed Wednesday, exacerbating the dire population crisis of Asia’s No. 4 economy. Only 21,138 babies were born in March this year, down 8.1 percent from a year earlier, according to the data from [...]
SEOUL, May 23 (Korea Bizwire) — South Korea’s state pension operator saw its returns fall to a record low level in 2022, data showed Tuesday, due to the instability in the global financial market amid monetary tightening moves. The National Pension Service (NPS) logged negative returns of 8.28 percent in 2022, marking the lowest level [...]
SEOUL, May 20 (Korea Bizwire) — Foreign investors have scooped up more than 10 trillion won (US$7.52 billion) worth of Korean stocks so far this year on eased uncertainties and a rosy outlook for the chipmaking sector, data showed Saturday. According to the data compiled by the Korea Exchange, foreigners’ net buying of Korean stocks [...]
SEOUL, May 18 (Korea Bizwire) — More than 1.5 million South Korean people are at risk of “lonely death,” or unattended death, accounting for 3 percent of the country’s population, a government survey showed Thursday. The Ministry of Health and Welfare said it had conducted the poll on a sample of 9,471 single-member households from [...]
SEOUL, May 18 (Korea Bizwire) — South Korea’s customs agency said Thursday it has captured a record amount of drugs over the January-April period, with smuggling attempts falling in number while rising in average volume. The amount of drugs seized at borders reached 213 kilograms over the first four months of 2023, up 32 percent [...]
SEOUL, May 16 (Korea Bizwire) — South Korea’s car exports surged 40.3 percent on-year in April on the back of solid demand for eco-friendly cars, the industry ministry said Tuesday. The value of outbound shipments of automobiles came to US$6.16 billion last month, compared with $4.4 billion a year earlier, according to the data from [...]
SEOUL, May 16 (Korea Bizwire) — Major companies in South Korea saw their total first-quarter operating income plunge almost 50 percent on-year due to sluggish chip exports, a corporate tracker said Tuesday. The combined operating income of 309 out of South Korea’s top 500 companies by sales came to 25.9 trillion won (US$19.4 billion) in [...]