SEOUL, Feb. 24 (Korea Bizwire) — South Korean household income rose for the second quarter in a row in the fourth quarter of last year thanks to an economic recovery amid eased antivirus curbs, data showed Thursday. The average household earned 4.64 million won (US$3,876) per month in the October-December period, up 6.4 percent from [...]
SEOUL, Feb. 24 (Korea Bizwire) — Employment for wage workers in South Korea grew at a slow clip in the third quarter of 2021 from three months earlier amid the coronavirus pandemic, data showed Thursday. The number of paid employee jobs came to 19.6 million as of end-September, up 2.6 percent, or 491,000, from a [...]
SEOUL, Feb. 23 (Korea Bizwire) — South Korea’s total fertility rate hit a record low last year as the number of childbirths continued to fall, data showed Wednesday, underlining the country’s bleak demographic situation. The country’s total fertility rate — the average number of children a woman bears in her lifetime — came to 0.81 [...]
WASHINGTON, Feb. 22 (Korea Bizwire) — More than half of South Koreans support the acquisition of nuclear weapons either through indigenous development or the deployment of U.S. assets, a survey showed Tuesday. When asked to choose between the two options, an overwhelming majority of those surveyed favored South Korea developing its own weapons, according to [...]
SEOUL, Feb. 22 (Korea Bizwire) — South Korea’s filmmaking industry contracted for a second straight year in 2021 due mainly to the yearslong COVID-19 pandemic, government data showed Tuesday. The aggregated revenues of the local film market, which includes domestic sales of movie tickets, and online releases and exports, reached 1.02 trillion won (US$855 million) [...]
SEOUL, Feb. 22 (Korea Bizwire) — Instant noodles captured the top spot in production among food products in South Korea in 2020 on a surge in exports amid the coronavirus pandemic, data showed Tuesday. The output of instant noodles, or “ramyeon” in Korean, stood at 1.93 million tons in 2020, up a whopping 231 percent [...]
SEOUL, Feb. 21 (Korea Bizwire) — The average monthly salary of wage earners rose 3.6 percent on-year in 2020 from a year earlier despite the COVID-19 pandemic, a government report showed Monday. South Korean wage workers earned a monthly average of 3.2 million won (US$2,669) in December 2020, up from 3.09 million won a year [...]
SEOUL, Feb. 21 (Korea Bizwire) — Six out of 10 South Koreans are positive about the relaxation of COVID-19 curbs on businesses, a poll showed Monday. In the survey by the Korea Society Opinion Institute, 62.1 percent said the government should enhance the protection of severely ill patients and those with underlying conditions while easing [...]
SEOUL, Feb. 18 (Korea Bizwire) — One out of 4 South Korean students think that unification with North Korea is unnecessary, a survey showed Friday. In the online survey of 72,524 elementary, middle and high school students conducted by the education ministry and the unification ministry from Nov. 1 to Dec. 10, 61.2 percent replied [...]
SEOUL, Feb. 16 (Korea Bizwire) — South Korea reported the largest job growth in nearly 22 years in January as the job market improved to pre-pandemic levels due to a low base effect and the ongoing economic recovery, data showed Wednesday. The number of employed people came to 26.95 million last month, up 1.14 million [...]