SEOUL, March 16 (Korea Bizwire) – The number of employed people in South Korea increased by more than 1 million on-year for the second straight month in February due to a low base effect and the economic recovery, data showed Wednesday. The number of employed people came to 27.4 million last month, up 1.04 million [...]
SEOUL, March 16 (Korea Bizwire) — South Korea’s import prices of grains have jumped nearly 50 percent over the past two years to a near nine-year high amid the prolonged coronavirus pandemic, data showed Wednesday. Prices of imported grains came to US$386 per ton in February, up 26 percent from a year earlier and 47.4 [...]
SEOUL, March 15 (Korea Bizwire) — More than 6 in 10 large firms in South Korea are feeling the pinch of the Russia-Ukraine war that has sent international material costs soaring, a poll said Tuesday. The survey on 153 out of the country’s top 1,000 companies by sales showed 60.8 percent of the respondents saying [...]
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 [...]