SEJONG, Sept. 20 (Korea Bizwire) — Sales of Google, Apple and other foreign tech giants in South Korea rose more than six times in 2021 from five years earlier to flirt with 4 trillion won (US$2.9 billion), data showed Tuesday. The combined taxable income of foreign tech companies amounted to 3.98 trillion won last year, [...]
SEOUL, Sept. 19 (Korea Bizwire) — Close to 60 percent of South Koreans agree with replacing BTS’ mandatory military service with other alternatives, a poll showed Sunday. Innertech Systems, a local polling agency, conducted a nationwide survey of 3,004 men and women above 18 years of age, of which 59.8 percent agreed that the K-pop [...]
SEOUL, Sept. 18 (Korea Bizwire) — South Korean carmakers’ global market share slightly fell to 7.7 percent in the first half from a year earlier amid the extended chip shortage, industry data showed Sunday. From January to June, Korean carmakers sold a total of 2.1 million vehicles in the world’s eight major markets, down 9.9 [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korea’s car exports jumped 35.9 percent on-year in August on brisk global demand for eco-friendly cars, data showed Friday. The value of outbound shipments of automobiles came to US$4.12 billion last month, the largest ever figure for any August, according to the data from the Ministry of Trade, [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korea’s overseas direct investment rose 13.1 percent on-year in the second quarter of this year amid the post-pandemic economic recovery, data showed Friday. The value of investments made overseas by South Korean companies reached US$19.26 billion in the April-June period, up from $17.03 billion a year earlier, according [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korea’s unemployment rate hit an all-time low last month, but the pace of job growth slowed down for the third month in a row amid economic uncertainties, data showed Friday. The number of employed people stood at 28.41 million in August, up 807,000 from a year earlier, according [...]
SEOUL, Sept. 15 (Korea Bizwire) — Around 45 percent of household heads over 65 years of age engaged in wage worker earn less than 1 million won (US$717) each month, data showed Wednesday. Statistics Korea reported that 44.6 percent of wage workers over 65 years of age make less than 1 million won in labor [...]
SEOUL, Sept. 15 (Korea Bizwire) — South Koreans’ use of internet banking services grew 6.9 percent in the first half of this year from six months earlier as customers preferred financial services through mobile devices, central bank data showed Thursday. The daily use of online banking services, including mobile banking, reached 18.82 million cases in [...]
SEOUL, Sept. 15 (Korea Bizwire) — Despite the steady growth of flexible work arrangements, the number of South Korean workers who can’t afford to take advantage of such benefits remains significant, a business lobby said Wednesday. According to an analysis of data from Statistics Korea conducted by the Federation of Korean Industries, the number of [...]
SEOUL, Sept. 15 (Korea Bizwire) — A majority of English cram schools for kids turned out to charge monthly tuition of more than 1 million won (US$716), a data showed Wednesday. The number of English-language private education facilities for kids stood at 745 as of the end of June, according to the data that independent [...]