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S. Korean Performing Arts Scene Sees Revenue Jump Nearly 80 pct in 2021

S. Korean Performing Arts Scene Sees Revenue Jump Nearly 80 pct in 2021

SEOUL, Jan. 3 (Korea Bizwire) — The local performing arts scene saw its revenue soar nearly 80 percent in 2021 from a year earlier, thanks to eased social distancing rules and a rising vaccination rate, data showed Monday. The combined revenue of 12,000 theatrical plays, musicals, classical concerts and other performances reached 307.1 billion won [...]

Retail Sales Up 9.6 pct in Nov. on Major Shopping Event, Eased Antivirus Rules

Retail Sales Up 9.6 pct in Nov. on Major Shopping Event, Eased Antivirus Rules

SEOUL, Dec. 30 (Korea Bizwire) — Retail sales in South Korea rose 9.6 percent in November from a year earlier on the back of an annual nationwide shopping event and eased antivirus restrictions, the industry ministry said Thursday. The combined sales of 25 major offline and online retailers reached 13.66 trillion won (US$11.54 billion) last [...]

Corporate Capital Spending Forecast to Grow 3.6 pct in 2022

Corporate Capital Spending Forecast to Grow 3.6 pct in 2022

SEOUL, Dec. 29 (Korea Bizwire) — South Korea’s corporate capital spending is expected to expand nearly 4 percent in 2022 on a recovery in manufacturing activity and private consumption, a poll showed Wednesday. The survey of 3,700 big, midsize and small companies, taken by the state-run Korea Development Bank (KDB), showed their combined facility investments [...]