SEOUL, May 10 (Korea Bizwire) — The city of Seoul saw greenhouse gas emissions by the industrial and transportation sectors decline during the first two years of the COVID-19 pandemic while emissions by households increased, officials said Tuesday. The estimated total greenhouse gas emissions in the city reached 45.46 million tons last year, down 0.3 [...]
SEOUL, May 10 (Korea Bizwire) — Nearly half of public institutions in South Korea lost money in 2021 amid the coronavirus pandemic with the state-run power monopoly logging the biggest loss on soaring oil prices, data showed Tuesday. A total of 170 public companies and institutions, or 47 percent of 363 that disclosed their 2021 [...]
SEOUL, May 9 (Korea Bizwire) — More than half of single 20-somethings in South Korea do not want to have babies after marriage due apparently to concerns over high child-rearing costs in the country, a poll showed Monday. According to a survey reported in a monthly economic journal by the state-run Korea Development Institute, 52.4 [...]
SEOUL, May 6 (Korea Bizwire) — The amount of illegal narcotics confiscated in South Korea reached an all time high last year, with an increase of foreign and juvenile drug offenders, government data showed Friday. According to the data compiled by the Supreme Prosecutors Office (SPO), a total of 1,295.7 kilograms of illegal drugs were [...]
SEOUL, May 5 (Korea Bizwire) — Nearly 1 in 5 children in South Korea said they are unhappy, citing pressure to do well at school as the biggest reason, a survey showed Thursday, as the country marked Children’s Day. According to the poll conducted by the health ministry and the National Center for the Rights [...]
SEOUL, May 4 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 9.8 percent last month from a year earlier as chip shortages continued to affect vehicle production, an industry association said Wednesday. The number of newly registered foreign vehicles fell to 23,070 units last month from 25,578 units a year ago, the [...]
SEOUL, May 4 (Korea Bizwire) — Global tech giant Samsung Electronics Co. retained the No. 1 spot on the list of South Korea’s top 500 firms by sales, with 39 businesses newly making the list, a corporate tracker said Wednesday. Samsung Electronics, the flagship unit of South Korea’s leading family-controlled conglomerate Samsung Group, remained the [...]
SEOUL, May 2 (Korea Bizwire) — Online shopping in South Korea rose to the second-highest level in March on the back of solid demand for food delivery services and travel services amid the economic recovery, data showed Monday. The value of online shopping transactions stood at 17.2 trillion won (US$13.6 billion) in March, up 11.1 [...]
SEOUL, May 2 (Korea Bizwire) — More than half of South Koreans oppose granting a pardon to former President Lee Myung-bak, a poll showed Monday, amid rising speculation outgoing President Moon Jae-in may use his clemency powers to set Lee free before he leaves office. The Korea Society Opinion Institute survey of 1,012 adults, conducted [...]
SEOUL, May 1 (Korea Bizwire) — South Korea’s leading carmakers Hyundai Motor Co. and Kia Corp. saw their combined exports of eco-friendly cars top 100,000 units in the first three months of this year, thanks to the brisk sales of all-electric and plug-in hybrid vehicles, data showed Sunday. In the January-March period this year, the [...]