SEOUL, Jan. 12 (Korea Bizwire) — South Korea’s exports of information and communication technology (ICT) products hit a fresh high last year on strong overseas demand for chips and mobile phones, data showed Thursday. Outbound shipments of ICT products rose 2.5 percent on-year to US$233.3 billion for 2022, outnumbering the previous high of $227.6 billion [...]
SEOUL, Jan. 12 (Korea Bizwire) — Household loans extended by banks in South Korea declined for the first time in 18 years last year, due mainly to higher borrowing costs, the central bank’s data showed Thursday. Banks’ outstanding household loans decreased by 2.6 trillion won (US$2.09 billion) to 1,058.1 trillion won, according to the data [...]
SEOUL, Jan. 11 (Korea Bizwire) — More than half of South Koreans don’t care about the nationality of the next head coach of the men’s national football team, a survey showed Wednesday. Hankook Research polled 1,000 South Koreans over the age of 18 from Dec. 23 to 26 on South Korean football. Among the respondents, [...]
SEOUL, Jan. 11 (Korea Bizwire) — South Korea reported the largest job additions in more than 20 years in 2022, data showed Wednesday, as the country gradually returned to pre-pandemic normalcy. The number of employed people came to 28.08 million in 2022, up 816,000 from a year earlier, according to the data compiled by Statistics [...]
SEOUL, Jan. 10 (Korea Bizwire) — Overseas construction orders clinched by South Korean builders topped the US$30 billion mark for the third straight year in 2022 as the global economy slowly recovered from the fallout of the pandemic, data showed Tuesday. Local builders secured a combined $31 billion worth of construction orders last year, up [...]
SEOUL, Jan. 10 (Korea Bizwire) — South Korean shipbuilders saw their global market share edge up in 2022 from a year earlier despite decreased new orders, industry data showed Tuesday. Local shipyards clinched a combined 16.27 million compensated gross tons (CGTs) in new orders last year, or 38 percent of the global total of 42.78 [...]
SEOUL, Jan. 9 (Korea Bizwire) — South Korea’s imports of coffee soared nearly 45.1 percent in the first 11 months of 2022 from a year earlier on its growing popularity here, data showed Monday. The value of the country’s coffee imports came to US$1.19 billion in the January-November period, up 45.1 percent from the previous [...]
SEOUL, Jan. 5 (Korea Bizwire) – South Korean shipbuilders received the largest orders in four years in 2022, and the country ranked the world’s No. 1 in terms of the construction of high-priced and eco-friendly vessels, the industry ministry said Thursday. Local shipbuilders won orders of a total of 15.59 million compensated gross tons last [...]
SEOUL, Jan. 5 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Thursday their combined sales in the United States fell 1 percent in 2022 from a year earlier amid a prolonged chip shortage. Hyundai and Kia sold a total of 1.47 million vehicles in the world’s most important automobile market last [...]
SEOUL, Jan. 4 (Korea Bizwire) — The South Korean art market surpassed 1 trillion won (US$782 million) in total sales for the first time in 2022 on strong sales of artworks through galleries and art fairs, the culture ministry said Wednesday. The trade volume of artworks increased 37.2 percent from 756.3 billion won in 2021 [...]