SEOUL, Jan. 27 (Korea Bizwire) — South Korea’s exports of autos rose to the highest point in seven years last year due to the low base effect and strong demand for eco-friendly cars, customs data showed Thursday. The country’s outbound shipments of cars came to US$42.6 billion last year, up 23 percent from the previous [...]
SEOUL, Jan. 26 (Korea Bizwire) — The number of foreign nationals staying in South Korea shrank nearly 4 percent on-year in 2021 amid the coronavirus pandemic, the Korea Immigration Office said Wednesday. The number was tallied at 1.96 million as of the end of last year, a 3.9 percent decrease from 2.04 million in 2020 [...]
SEOUL, Jan. 26 (Korea Bizwire) — Drug smuggling caught by South Korea’s customs agency hit a record high last year as trafficking via non-contact delivery means shot up amid the COVID-19 pandemic, data showed Wednesday. The Korea Customs Service said it confiscated a total of 1,272 kilograms of drugs in 2021, up 757 percent from [...]
SEOUL, Jan. 26 (Korea Bizwire) – The number of babies born in South Korea fell to a record low in November last year, data showed Wednesday, underpinning the country’s gloomy demographic situation with the chronically low birth rate. A total of 19,800 babies were born in November, down 1.3 percent from the previous year, according [...]
SEOUL, Jan. 25 (Korea Bizwire) — South Korea’s top 30 family-controlled conglomerates have seen their stock market capitalization spike more than 30 percent over the past four years, with Samsung Group taking the top spot, a market tracker said Tuesday. The combined value of 201 listed firms belonging to the leading business groups, known as [...]
SEOUL, Jan. 24 (Korea Bizwire) — Eight in 10 foreigners living in and out of South Korea positively view the country, a government survey showed Monday. The Korean Culture and Information Service (KOCIS) canvassed 12,500 non-Koreans aged 16 and more in 24 countries around the world in September and found 80.5 percent of the respondents [...]
SEOUL, Jan. 24 (Korea Bizwire) — Exports of South Korea’s content industry rose 16.3 percent on-year in 2020 on the back of the global popularity of Korean pop culture, despite the coronavirus pandemic, government data showed Monday. The industry’s outbound shipments stood at US$11.9 billion in 2020, compared with $10.25 billion a year earlier, according [...]
SEOUL, Jan. 24 (Korea Bizwire) — South Korean imports of beer hit a five-year low in 2021 in the wake of a nationwide boycott of Japanese products, data showed Monday. The value of beer imports came to US$223.1 million last year, down 1.7 percent from a year earlier, according to the data compiled by the [...]
SEJONG, Jan. 24 (Korea Bizwire) — The number of discouraged workers in South Korea touched a fresh all-time high in 2021 due to a weak job market amid the prolonged coronavirus pandemic, government data showed Monday. Asia’s fourth-largest economy had 628,000 discouraged workers, the largest tally since related data tracking began in 2014, according to [...]
SEOUL, Jan. 23 (Korea Bizwire) — South Korea’s air traffic rose nearly 11 percent last year on increased domestic flights but international travel continued to falter amid the pandemic, data showed Sunday. Over 465,000 domestic and international flights flew over South Korea last year, up 10.8 percent from a year earlier, according to data from [...]