SEOUL, Feb. 24 (Korea Bizwire) — South Korea added 597,000 jobs for wage workers in the third quarter of 2022, data showed Friday, led by higher demand from the welfare, construction and manufacturing sectors. The number of paying jobs came to 20.19 million in the July-September period, up from 19.59 million tallied a year earlier, [...]
SEOUL, Feb. 23 (Korea Bizwire) — Household income advanced 4.1 percent on-year in the fourth quarter on the back of the improved job market, data showed Thursday, although the actual profit lost ground amid higher inflation. The country’s households earned an average 4.83 million won (US$3,700) per month in the October-December period, compared with 4.64 [...]
SEOUL, Feb. 23 (Korea Bizwire) — More than half of European companies based in South Korea intend to increase investment this year from last year, with nearly every seven out of 10 showing satisfaction in doing business here, a poll showed Thursday. Fifty-five percent of the companies said they plan to increase investment or operational [...]
SEJONG, Feb. 22 (Korea Bizwire) — The number of babies born in South Korea reached yet another fresh low in 2022, data showed Wednesday, with deaths outpacing births for the third consecutive year. A total of 249,000 babies were born last year, falling 4.4 percent from the previous record low in 2021, according to the [...]
SEOUL, Feb. 21 (Korea Bizwire) — South Korea’s household credit shrank at the sharpest pace in 13 years in the fourth quarter of 2022 amid high interest rates driven by the central bank’s monetary tightening to bring down inflation, data showed Tuesday. Outstanding household loans reached 1,867.0 trillion won (US$1.44 trillion) at the end of [...]
SEOUL, Feb. 20 (Korea Bizwire) — South Korea’s suicide rate slightly increased in 2021 amid the pandemic, data showed Monday, led by people in their 20s and those aged 70 and above. The number of suicides for every 100,000 South Koreans came to 26 in 2021, up 0.3 from a year earlier, according to the [...]
SEOUL, Feb. 20 (Korea Bizwire) — South Korea’s car exports jumped 21.9 percent in January on-year, driven by record-high global sales of eco-friendly cars, data showed Monday. The value of outbound shipments of automobiles came to US$4.98 billion last month, up from 4.09 billion a year earlier, according to the data from the Ministry of [...]
WASHINGTON, Feb. 15 (Korea Bizwire) — Shipments of American agricultural products to South Korea reached a record high of over US$10 billion last year, U.S. data showed Wednesday. U.S. exports of agricultural products to South Korea came to $10.05 billion in 2022, up 2 percent from $9.85 billion a year before, according to the data from [...]
SEOUL, Feb. 15 (Korea Bizwire) — The number of South Korean college students majoring in nuclear energy-related studies turned upward last year amid the incumbent government’s policy to reverse the nuclear phase-out policy of the previous administration, a government report said Wednesday. According to the report by the Ministry of Science and ICT, 2,229 students [...]
SEOUL, Feb. 15 (Korea Bizwire) – South Korea added the lowest number of additional jobs in nearly two years in January, with the growth slowing for the eighth consecutive month amid economic uncertainties and higher borrowing costs, data showed Wednesday. The number of employed people stood at 27.36 million last month, up some 411,000 from [...]