SEOUL, Oct. 17 (Korea Bizwire) — The number of firearm confiscations by customs authorities skyrocketed more than 170 times this year from five years ago due to an illegal influx of powder-actuated nail guns, a customs report showed Monday. According to the Korea Customs Service report submitted to Rep. Bae June-young of the People Power [...]
SEOUL, Oct. 17 (Korea Bizwire) — A local research institute claimed Monday that the social and economic cost of malicious online comments reaches about 35 trillion won (US$24.3 billion) a year. According to the Barun ICT Research Center affiliated with Yonsei University, up to 35.3 trillion won is spent a year due to problems arising [...]
SEOUL, Oct. 14 (Korea Bizwire) — South Korea’s car exports jumped 34.7 percent on-year in September on brisk demand for eco-friendly cars, data showed Friday. The value of outbound shipments of automobiles came to US$4.79 billion last month, the largest ever for any September, according to the data from the Ministry of Trade, Industry and [...]
SEOUL, Oct. 14 (Korea Bizwire) — South Korea added jobs for the 19th straight month in September, data showed Friday, but the growth continued to slow for the fourth month in a row amid concerns over a recession. The number of employed people stood at 28.38 million last month, up 707,000 from a year earlier, [...]
SEOUL, Oct. 13 (Korea Bizwire) — Foreign investors turned net sellers of South Korean stocks in September on concerns over aggressive monetary tightening in major economies, central bank data showed Thursday. Foreigners’ stock investment funds logged a net outflow of US$1.65 billion in September, compared with a $3.02 billion net inflow the previous month, according [...]
SEOUL, Oct. 12 (Korea Bizwire) – The number of Chinese warships spotted operating in waters under South Korea’s jurisdiction rose to some 260 last year, up from around 220 in the previous year, a ruling party lawmaker said Wednesday. Rep. Lim Byung-heon of the People Power Party (PPP) cited data from the Defense Intelligence Agency [...]
SEOUL, Oct. 12 (Korea Bizwire) — Stalking and dating violence have steadily increased over the past few years, yet the number of police officers in charge of such crimes has remained unchanged, police data showed Wednesday. According to the National Police Agency data submitted to Rep. Yong Hye-in of the Basic Income Party, 3,621 cases [...]
SEOUL, Oct. 11 (Korea Bizwire) — South Korea’s Hyundai Motor Co. beat its Japanese rivals to top global hydrogen vehicle sales during the January-August period, a market research firm said Tuesday. Hyundai Motor sold 7,410 hydrogen fuel-cell electric vehicles (FCEVs) in global markets in the eight-month period, jumping 26 percent from 5,873 units sold during [...]
SEOUL, Oct. 10 (Korea Bizwire) — Chinese nationals accounted for over 60 percent of apartment purchases by foreign nationals in South Korea since 2015, a government report showed Monday. According to the land ministry report submitted to Rep. Yang Kyung-sook of the main opposition Democratic Party, the number of apartment purchase deals of Chinese nationals [...]
SEOUL, Oct. 10 (Korea Bizwire) — The number of South Korean citizens who have been kidnapped, detained or missing overseas in the recent five years has come to 2,762, an opposition lawmaker said Monday, citing data from the foreign ministry. Rep. Lee Jae-jung of the main opposition Democratic Party said that the number of South [...]