SEOUL, June 13 (Korea Bizwire) — More than 5,000 people were apprehended for alleged stalking over the five months since South Korea’s first anti-stalking law went into force, police data showed Monday. A total of 5,248 people were detained for alleged stalking, with 3,039 of them indicted, over the five months since the law took [...]
SEOUL, June 12 (Korea Bizwire) — Samsung Electronics Co., South Korea’s leading tech firm, was the world’s 22nd-largest company in terms of market capitalization, down seven notches from a year earlier, data showed Sunday. According to the list of the global top 100 companies released by London-based accounting company PwC, the tech giant was the [...]
SEOUL, June 9 (Korea Bizwire) — Foreigners withdrew more money than they injected into South Korea’s stock markets for the fourth straight month in May amid worries over economic slowdowns in major countries and the fallout from the ongoing war in Ukraine, central bank data showed Thursday. Net foreign money outflows from the main bourse, [...]
SEOUL, June 8 (Korea Bizwire) — More than 7 in 10 large South Korean companies are allowing their employees to work from home even after the government removed most anti-coronavirus curbs over a month ago, a poll showed Wednesday. The survey of the country’s leading 100 firms by sales, taken by the Korea Enterprises Federation [...]
SEOUL, June 8 (Korea Bizwire) — Nearly 15 out of 100 employed people in South Korea changed jobs in 2020 amid the sluggish job market hit by the COVID-19 pandemic, data showed Wednesday. The number of registered employees in South Korea, who are eligible for state insurance programs, came to 24.83 million in 2020, up [...]
SEOUL, June 7 (Korea Bizwire) — More than 8 in 10 smaller food firms in South Korea have taken a hit from sky-high international grain prices caused by extreme weather events and Russia’s invasion of Ukraine, a poll showed Tuesday. The survey of 213 small and medium-sized food firms showed 82.6 percent of the respondents [...]
SEOUL, June 7 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 2.4 percent last month from a year earlier as a chip shortage continued to affect vehicle production, an industry association said Tuesday. The number of newly registered foreign vehicles stood at 23,512 units last month, down from 24,080 units a year [...]
SEOUL, June 7 (Korea Bizwire) — Card use for settlement in South Korea swelled 11 percent in April on softer anti-coronavirus rules with spending on travel and transportation spiking, data showed Tuesday, in a sign of the country’s consumption returning to pre-pandemic normalcy. Spending made with credit, debit and prepaid cards came to 90.3 trillion [...]
SEOUL, June 6 (Korea Bizwire) — South Korea had the highest household debt-to-gross domestic product (GDP) ratio among 36 major economies in the first quarter, a global finance report said Monday. The country’s household debt-to-GDP ratio came to 104.3 percent in the January-March period, followed by Lebanon with 97.8 percent, Hong Kong with 95.3 percent, [...]
SEOUL, June 2 (Korea Bizwire) — Online shopping in South Korea continued to grow in April as eased virus curbs and the economic recovery boosted demand for travel services and foodstuffs, data showed Thursday. The value of online shopping transactions stood at 16.5 trillion won (US$13.2 billion) in April, up 11.9 percent from the previous [...]