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 [...]
SEOUL, July 18 (Korea Bizwire) — Sales of K-pop albums have once again renewed their all-time-high level in the first half of this year, with the music continuing to be in its heyday, a local market tracker said. According to Kim Jin-woo, head researcher of Circle Chart, which reports accumulated sales and streams, on Sunday, [...]
SEOUL, July 18 (Korea Bizwire) — South Korean millennials used online shopping portals more than any other generation while members of Generation X were the most prolific users of TV home shopping for the past three years, a survey showed Sunday. The Korea Information Society Development Institute (KISDI) conducted a survey of the 4,171 households [...]
SEOUL, July 15 (Korea Bizwire) – Instances of workplace harassment have modestly decreased for the past three years after the implementation of a workplace anti-bullying law in 2019, a poll showed Friday, though the degree of abuse felt by the victims is still serious. According to the recent poll of 1,000 salaried workers by pollster [...]
SEOUL, July 15 (Korea Bizwire) — South Korea’s car exports reached an eight-year high in the first half of this year on the back of global popularity of eco-friendly cars, data showed Friday. The value of outbound shipments of automobiles grew 3.2 percent on-year to US$24.35 billion during the January-June period, which marked the highest [...]