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3 Out of 10 Temporary Workers Experience Layoffs During COVID-19 Pandemic: Poll

3 Out of 10 Temporary Workers Experience Layoffs During COVID-19 Pandemic: Poll

SEOUL, July 24 (Korea Bizwire) — More than 1 out of 10 workers have experienced layoffs since the onset of the COVID-19 pandemic, with the rate of those who lost jobs reaching nearly 30 percent among non-regular workers, a poll showed Sunday. The survey of 1,000 employees — 600 regular workers and 400 temporary workers [...]

Foreign Currency Deposits Down in June on Import Bills, Strong Dollar

Foreign Currency Deposits Down in June on Import Bills, Strong Dollar

SEOUL, July 23 (Korea Bizwire) — Foreign currency deposits at banks in South Korea shrank in June as importers paid bills and individuals sold the greenback amid a strong dollar, data showed on Friday. Residents’ outstanding foreign currency-denominated deposits had reached US$87.06 billion as of end-June, down $2.11 billion from the previous month, according to [...]

S. Korea’s Total Fertility Rate Lowest in the World for 3rd Consecutive Year

S. Korea’s Total Fertility Rate Lowest in the World for 3rd Consecutive Year

SEOUL, July 22 (Korea Bizwire) — South Korea’s total fertility rate, or the number of children each woman is expected to give birth to during her lifetime, was the lowest in the world for the last three years. The Korea Population and Health Welfare Association and the United Nations Population Fund (UNFPA) jointly published a [...]

Most Multilevel Marketing Salespeople Have Annual Earnings Less than 500,000 Won: Regulator

Most Multilevel Marketing Salespeople Have Annual Earnings Less than 500,000 Won: Regulator

SEOUL, July 22 (Korea Bizwire) — Four out of five multilevel marketing salespeople in South Korea earned no sponsor allowance at all last year, the country’s antitrust regulator said Thursday. The nation’s multilevel marketing sales totaled 5.18 trillion won (US$3.96 billion) last year, up almost 4 percent from a year ago, with the total amount [...]

FDI in Free Economic Zones Soars 164 pct in H1: Data

FDI in Free Economic Zones Soars 164 pct in H1: Data

SEOUL, July 21 (Korea Bizwire) — Foreign direct investment (FDI) pledged to South Korea’s free economic zones (FEZs) more than doubled in the first half of this year to hit a three-year high amid post-pandemic economic recovery, data showed Thursday. The country’s nine FEZs received US$560 million worth of FDI commitment during the January-June period, [...]

Younger South Koreans Willing to Marry Regardless of Ethnicity: Poll

Younger South Koreans Willing to Marry Regardless of Ethnicity: Poll

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 [...]

Half of Households with Infants Have Experienced Career Interruption for Childbirth: Poll

Half of Households with Infants Have Experienced Career Interruption for Childbirth: Poll

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 [...]