SEOUL, March 15 (Korea Bizwire) — Seven out of 10 South Koreans believe North Korea has no intention to completely denuclearize, a survey showed Tuesday, amid signs of the recalcitrant regime doubling down on its nuclear and missile programs. Rep. Kang Dae-sik of the conservative People Power Party revealed the results of last year’s survey [...]
SEOUL, March 14 (Korea Bizwire) — More than half of South Koreans expect President-elect Yoon Suk-yeol to do well on state affairs, a survey showed Monday. According to the survey of 1,018 adults conducted by Realmeter last Thursday and Friday, 52.7 percent of respondents expect Yoon to do a good job on state affairs. In [...]
SEOUL, March 14 (Korea Bizwire) — Foreign investors remained net sellers of South Korean stocks in February amid growing jitters over Russia’s invasion of Ukraine, data showed Monday. Foreigners offloaded a net 2.58 trillion won (US$2.09 billion) worth of local stocks last month, marking the second straight month of net selling, according to the data [...]
SEOUL, March 13 (Korea Bizwire) — Six out of 10 South Korean companies want the incoming government of President-elect Yoon Suk-yeol to focus on creating jobs to support the economic recovery, a survey showed Sunday. Of 157 local companies, 95, or 60.5 percent, picked job creation as the top policy priority for the new government, [...]
SEOUL, March 13 (Korea Bizwire) — Foreign ownership of South Korean stocks fell to a six-year low, bourse data showed Sunday, as overseas investors preferred safer assets in the wake of the Ukraine crisis and ahead of a widely expected U.S. rate hike. As of Friday, foreign investors held 666 trillion won (US$538 billion) worth [...]
SEOUL, March 11 (Korea Bizwire) — Spending on private after-school classes hit a record high of 23.4 trillion won (US$18.9 billion) last year amid the prolonged COVID-19 pandemic that restricted in-person school education, according to a survey released by the education ministry Friday. The 2021 expenditures, based on a survey of some 74,000 elementary to [...]
SEOUL, March. 11 (Korea Bizwire) — Foreigners withdrew more money from the stock market in South Korea than their investments last month as a risk-averse attitude grew amid heightened geopolitical risks from Russia’s invasion of Ukraine, central bank data showed Friday. Foreigners unloaded a net US$1.86 billion worth of local stocks in February, marking the [...]
GWANGJU, March 7 (Korea Bizwire) — The number of registered surviving South Korean victims of wartime forced labor in Japan decreased by 585 for the past year, data showed Monday. A civic group unveiled government statistics on medical assistance provided to people who were conscripted to work in Japan during World War II. The data [...]
SEOUL, March 7 (Korea Bizwire) — Female workers account for nearly a quarter of all employees with major South Korean companies, with their pay amounting to nearly 70 percent of that for male counterparts, data showed Monday. The country’s 150 key companies hired about 199,700 women workers as of end-2020, or 24 percent of their [...]
SEOUL, March 4 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 13 percent in February from a year earlier as chip shortages continued to disrupt vehicle production, an industry association said Friday. The number of newly registered foreign vehicles fell to 19,454 units last month from 22,290 units a year ago, the [...]