SEOUL, June 27 (Korea Bizwire) — About 4 out of 10 companies in South Korea saw their raw material prices jump 20 percent or more this year amid fast-rising oil and commodity bills, a central bank survey showed Monday. According to the survey by the Bank of Korea on 570 firms, 40.3 percent said so, [...]
SEOUL, June 24 (Korea Bizwire) — Seven out of 10 South Koreans believe the government should only provide non-military aid to Ukraine, a survey showed Friday. In the survey of 1,000 people aged 18 or above conducted by Gallup Korea from Tuesday to Thursday, 72 percent said the government of President Yoon Suk-yeol should only [...]
SEOUL, June 24 (Korea Bizwire) — Consumption of gasoline and diesel in South Korea jumped more than 40 percent in May from a month earlier, as expanded fuel tax subsidies channeled pent-up demand from the pandemic, data showed Friday. The combined consumption of the two fuel types reached 24.82 million barrels, up 43 percent from [...]
SEOUL, June 23 (Korea Bizwire) — The number of foreigners staying in South Korea bounced back above the 2 million mark last month for the first time in 15 months, immigration data showed Thursday. According to the data by the justice ministry’s immigration policy bureau, 2,012,862 foreigners were staying in the country as of May, [...]
SEOUL, June 23 (Korea Bizwire) — The number of households that moved from urban areas to farming villages reached an all-time high last year amid the prolonged COVID-19 pandemic and soaring housing prices, data showed Thursday. The number of such households came to 377,744 in 2021, up 5.6 percent from a year earlier, according to [...]
SEOUL, June 22 (Korea Bizwire) — South Korea’s major firms saw their earnings nearly double to hit a 20-year high in 2021, despite the prolonged coronavirus pandemic, a corporate tracker said Wednesday. The combined bottom line of the country’s leading 1,000 companies by sales stood at 127.1 trillion won (US$98 billion) last year, up 99.6 [...]
SEOUL, June 22 (Korea Bizwire) — The number of babies born in South Korea fell to a record low in April amid the chronically low birthrate, while that of deaths hit an all-time high due to rapid aging and the COVID-19 pandemic, data showed Wednesday. A total of 21,124 babies were born in April, down [...]
SEOUL, June 21 (Korea Bizwire) — The number of employed one-person households in South Korea showed a steep increase last year amid an economic recovery, government data showed Tuesday. As of October 2021, the number of working one-person households jumped by 440,000 on-year to 4.14 million households, according to the data compiled by Statistics Korea. [...]
SEOUL, June 19 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. saw the total sales of their eco-friendly cars exceed 3 million units, industry data showed Sunday, 13 years after they began rolling out hybrid vehicles. South Korea’s top automaker and its affiliate sold 393,509 eco-friendly cars, including plug-in hybrid and all-electric vehicles, in [...]
SEOUL, June 17 (Korea Bizwire) — South Korea’s overseas direct investment more than doubled on-year in the first quarter of this year amid an economic recovery from the COVID-19 pandemic, the finance ministry said Friday. The value of investments made overseas by South Korean companies reached US$25.4 billion in the January-March period, up from $11.34 [...]