SEOUL, July 21 (Korea Bizwire) — The vast majority of South Koreans believe that the country has already entered the era of a multicultural society, while the younger generation believes that they can marry anyone regardless of ethnicity, a poll showed Wednesday. Market researcher Embrain Trend Monitor conducted a survey of 1,000 men and women [...]
SEOUL, July 21 (Korea Bizwire) — About half of the South Korean households with infants had experienced a career interruption for childbirth and child-rearing, a poll showed Wednesday. The Korea Institute of Child Care and Education conducted a survey of 2,500 households with children under 6 years of age across the country. Half of the [...]
SEOUL, July 20 (Korea Bizwire) — Three in 10 South Korean adults have invested in stock funds, with an average investment of close to 40 million won (US$30,480), a poll showed Tuesday. The Korea Financial Investors Protection Foundation conducted a survey of 2,500 adults between 25 and 64 years of age, 28 percent of whom [...]
SEOUL, July 20 (Korea Bizwire) — The debt ratio of South Korea’s leading 1,000 companies by sales has more than halved over the past 21 years, pointing to a sharp increase in their financial health, a corporate tracker said Wednesday. The average debt-to-equity ratio of those big companies stood at 160 percent in 2021, compared [...]
SEOUL, July 20 (Korea Bizwire) — Major companies in South Korea have seen their total economic contribution soar 20 percent over the past nine years thanks to their robust growth, a corporate tracker said Wednesday. The value of economic contribution created by the country’s top 100 firms by sales came to 1,238 trillion won (US$950 [...]
SEOUL, July 20 (Korea Bizwire) — South Korea’s dependence on Japanese materials and parts fell to an all-time low in the first half of this year, three years after Tokyo’s control of exports of key materials bound for Seoul, data showed Wednesday. Imports of Japanese materials, parts and equipment came to US$20.07 billion during the [...]
SEOUL, July 19 (Korea Bizwire) — The average price of an apartment in Seoul has shot up nearly fourfold in the past 18 years after more than doubling under the previous Moon Jae-in administration alone, a civic group analysis showed Tuesday. A 99.1-square-meter apartment in the capital fetched 1.28 billion won (US$973,162) on average as [...]
SEOUL, July 19 (Korea Bizwire) — South Korea’s youth employment rose sharply in May from a year earlier despite the coronavirus pandemic, government data showed Tuesday. The number of employed young people aged 15-29 reached 4.1 million in May, up 196,000 from a year earlier, according to the data released by Statistics Korea. Their employment [...]
SEOUL, July 18 (Korea Bizwire) — Drug offenders in their teens to 30s grew sharply in the past three years to represent 58.9 percent of those convicted of drug crimes last year, the chief of the Seoul Metropolitan Police Agency said Monday. The number of young drug offenders in those age brackets stood at 1,566 [...]
SEOUL, July 18 (Korea Bizwire) — South Koreans’ transactions of foreign stocks fell sharply in the first half of the year from six months earlier on bearish overseas equity markets, with their bond trading edging up, data showed Monday. Local investors’ transactions of overseas shares were valued at US$167.99 billion in the January-June period, down [...]