SEJONG, Dec. 28 (Korea Bizwire) — The number of businesses in South Korea rose nearly 18 percent over the past five years as almost all industrial sectors posted gains, data showed Tuesday. Asia’s fourth-largest economy had a total of 6,013,000 businesses as of the end of 2020, up 17.8 percent from five years earlier, according [...]
SEJONG, Dec. 28 (Korea Bizwire) – The number of small companies in South Korea expanded nearly 5 percent in 2020 from a year earlier despite the pandemic, but their profit fell sharply, government data showed Tuesday. The country had 2,902,000 companies with fewer than five workers as of the end of 2020, up 4.7 percent [...]
SEOUL, Dec. 27 (Korea Bizwire) — The number of franchise outlets in South Korea rose more than 9 percent in 2020 despite the coronavirus pandemic, but their sales dropped for the first time since 2013, data showed Monday. Franchise stores numbered 235,709 as of end-December last year, up 9.5 percent from a year earlier, according [...]
SEOUL, Dec. 27 (Korea Bizwire) — The cost of living was cited as the most important economic issue of 2022 by Seoul citizens, a survey showed Monday. According to the survey on 1,200 households in the capital by the Seoul Institute, 19.2 percent of the respondents said the cost of living is the top economic [...]
SEOUL, Dec. 24 (Korea Bizwire) — The South Korean webtoon industry saw its combined sales top 1 trillion won (US$843.6 million) for the first time last year, government data showed Friday. The total sales of the local web-based comic market amounted to 1.05 trillion won in 2020, up 64.6 percent from a year earlier, according [...]
SEJONG, Dec. 24 (Korea Bizwire) — The number of single-member households in South Korea soared more than 27 percent in 2020 from five years earlier, government data showed Friday, amid a delay in marriage and a rapidly aging population. One-person families numbered 6.64 million last year, up 27.5 percent from five years earlier and accounting [...]
SEOUL, Dec. 24 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea fell 23 percent in November from a year earlier amid the extended COVID-19 pandemic, an industry association said Friday. The number of newly registered imported commercial vehicles declined to 360 units last month from 468 a year ago, the Korea Automobile [...]
SEOUL, Dec. 23 (Korea Bizwire) — More than 6 out of 10 workers at big and medium-sized companies think the country’s public sector is heavily corrupt, a survey showed Thursday. In the survey of 1,000 workers, conducted by the Korea Institute of Public Administration, 61.9 percent said that corruption in the public sector is serious, [...]
SEOUL, Dec. 23 (Korea Bizwire) — Turnover of South Korea’s main bourse plumbed a 19-month low in December as retail investors flee stocks for higher returns, data showed Thursday. The average daily turnover of the KOSPI market stood at slightly over 10 trillion won (US$8.39 billion) for 16 trading sessions till Wednesday, according to the [...]
SEOUL, Dec. 21 (Korea Bizwire) — More than half of South Koreans aged between 40 and 64 held debt last year as more people took out loans to buy homes amid skyrocketing housing prices, data showed Tuesday. The data by Statistics Korea showed that 56.5 percent of people in the age group borrowed money from [...]