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 [...]
SEOUL, Dec. 21 (Korea Bizwire) — The number of South Korean workers who took time off to take care of their children rose 3.7 percent in 2020 from a year earlier amid more government support for parental leave, government data showed Tuesday. A total of 169,345 workers took parental leave to take care of their [...]
SEOUL, Dec. 21 (Korea Bizwire) — The number of foreign workers in South Korea rebounded this year after two consecutive years of decline as the job market has recovered amid the economic recovery, data showed Tuesday. The number of foreign workers came to 855,000 as of May, up 7,000 or 0.9 percent from the previous [...]
SEOUL, Dec. 21 (Korea Bizwire) — North Korean leader Kim Jong-un is the third most searched politician by internet users worldwide this year, data showed Tuesday. Online searches for Kim totaled a monthly average of 1.9 million, behind U.S. President Joe Biden, who topped the list with 7 million searches, and British Prime Minister Boris [...]
SEOUL, Dec. 20 (Korea Bizwire) — Slightly over 70 percent of South Koreans approve of toughened social distancing measures to stem the resurgence of COVID-19, a poll showed Monday. In the poll of 1,000 adults nationwide organized by multiple civic groups, 71.3 percent supported the government’s decision to halt the “living with COVID-19″ scheme this [...]
SEOUL, Dec. 20 (Korea Bizwire) – South Korea’s video game market expanded more than 20 percent on-year to rank fourth in the world last year on the back of stellar growth in online games, a report showed Monday. The country’s video game market posted 18.9 trillion won (US$15.9 billion) in sales last year, up 21.3 [...]
SEOUL, Dec. 20 (Korea Bizwire) — Output and exports of South Korea’s bio industry expanded at the fastest clip ever in 2020 amid the coronavirus pandemic, data showed Monday. Output of the local bio industry was estimated at 17.5 trillion won (US$14.7 billion) last year, up 38.2 percent from the previous year, according to the [...]
SEOUL, Dec. 19 (Korea Bizwire) — Hyundai Motor Group said Sunday that environment-friendly vehicles topped 10 percent of its global car sales for the first time this year amid growing demand for electric cars. The country’s top automotive conglomerate said its two carmakers, Hyundai Motor Co. and Kia Corp., sold a total of 656,479 eco-friendly [...]
SEOUL, Dec. 17 (Korea Bizwire) — The number of newly established companies rose to a record high last year, but in-person service segments reported a sharp fall in new businesses due to the pandemic, data showed Friday. Last year, the number of newly created firms reached a record 1.06 million, up 62,000, or 6.2 percent, [...]
SEOUL, Dec. 17 (Korea Bizwire) — South Korea’s overseas direct investment rose at the fastest pace in nearly five years in the third quarter amid the global economic recovery, data showed Friday. South Korean companies’ overseas investments came to US$17.01 billion in the July-September period, up 58.2 percent from the previous year, according to the [...]