SEOUL, Aug. 18 (Korea Bizwire) — Household income rose at the fastest pace on record in the second quarter due largely to pandemic-related cash handouts, but households’ propensity to consume hit a record low amid high inflation, data showed Thursday. The average household earned 4.83 million won (US$ 3,700) per month in the January-June period, [...]
SEOUL, Aug. 17 (Korea Bizwire) — The Korean film industry saw its monthly sales soar nearly 150 percent on-year in July on the back of several box-office hits, data showed Wednesday. The industry’s total revenue amounted to 170.4 billion won (US$130.2 million) last month, up 149.4 percent from 68.3 billion won a year earlier, according [...]
WASHINGTON, Aug. 15 (Korea Bizwire) — Nearly nine out of every 10 South Koreans hold a favorable view of the United States, the second highest rating among 17 countries surveyed, a poll showed Monday. It also showed more than 80 percent of South Koreans think the U.S. is a reliable partner. In the poll conducted [...]
SEOUL, Aug. 14 (Korea Bizwire) — Foreigner ownership of South Korean stocks hit a 13-year low this month, the bourse operator said Sunday, as demand for riskier assets declined amid the Federal Reserve’s aggressive rate hikes. Foreign investors held 606.2 trillion won (US$464 billion) worth of stocks traded on the main KOSPI market as of [...]
SEOUL, Aug. 11 (Korea Bizwire) – Teenagers regard one’s ability as the most important criterion for distributing rewards, a study indicated Thursday. The report published by the Korea Educational Development Institute surveyed about 500 students from a total of three middle and high schools about their perception of fair distribution. They were presented with various [...]
SEOUL, Aug. 11 (Korea Bizwire) — Foreign investors became net buyers of South Korean stocks for the first time in six months in July on expectations that the Federal Reserve may slow the pace of monetary tightening, central bank data showed Thursday. Foreigners’ stock investment funds recorded a net inflow of US$160 million in July, [...]
SEOUL, Aug. 10 (Korea Bizwire) — South Korea reported job additions for the 17th straight month in July, but the pace of job growth slowed from the previous month amid heightened economic uncertainty, data showed Wednesday. The number of employed people came to 28.48 million last month, up 826,000 from a year earlier, according to [...]
SEOUL, Aug. 9 (Korea Bizwire) — South Korea’s top four conglomerates account for nearly 20 percent of the country’s overall corporate sales, a corporate tracker said Tuesday, pointing to their big clout in Asia’s fourth-largest economy. Combined sales by the business groups — Samsung, SK, Hyundai Motor and LG — averaged 746 trillion won (US$571 [...]
SEOUL, Aug. 7 (Korea Bizwire) — South Korea’s exports of instant noodles hit a fresh all-time high in the first half on the increasing popularity of Korean pop culture and a rise in demand for home-cooked food amid the pandemic, data showed Sunday. Exports of instant noodles, or “ramyeon” in Korean, came to US$383.4 million [...]
SEOUL, Aug. 7 (Korea Bizwire) — About one out of eight mid-aged people in South Korea has borrowed money due to economic challenges caused by the coronavirus pandemic, a survey showed Sunday. According to the survey of 3,923 people by the Korea Institute for Health and Social Affairs, 12.5 percent of people in their 40s [...]