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 [...]
SEOUL, Dec. 16 (Korea Bizwire) — Most businesses that have adopted at-home remote work programs due to COVID-19 plan to continue the policy even after the end of the pandemic, a poll showed Thursday. In the recent labor ministry survey conducted on 620 businesses currently using remote work policies, 75.2 percent said they plan to [...]
SEOUL, Dec. 16 (Korea Bizwire) – The number of marriages in Seoul has dropped by almost half in the past 20 years, while births of newborns also dropped by 64 percent, the city government said Thursday. Marriages in the capital stood at 44,746 in 2020, down 43.2 percent compared with 78,745 in 2000, according to [...]
SEOUL, Dec. 15 (Korea Bizwire) — South Korean movie theaters saw their monthly attendance soar more than 80 percent in November from a year earlier amid eased virus controls, box office data showed Wednesday. A total of 6.51 million people went to theaters last month, up 81.1 percent from the same period last year, according [...]
SEOUL, Dec. 15 (Korea Bizwire) — South Korea reported job additions for the ninth straight month in November amid the economic recovery, but employments in in-person service sectors still remained under strain amid the latest upsurge in COVID-19 cases, data showed Wednesday. The number of employed people reached 27.79 million last month, 553,000 more than [...]
SEOUL, Dec. 14 (Korea Bizwire) — More than half of all South Koreans believe that they should join the U.S. diplomatic boycott of the Beijing Olympics, a survey showed Monday. The Korea Society Opinion Institute conducted a survey of 1,004 Koreans over 18 years of age, 50.9 percent of whom said the country should join [...]
SEOUL, Dec. 13 (Korea Bizwire) — South Korea has the third-highest ratio of youth not in education, employment or training (NEET) among members of the Organization for Economic Cooperation and Development, a report showed Monday. The average monthly number of NEET people aged 15-29 in the country is estimated at 1.56 million in the January-October [...]
SEOUL, Dec. 13 (Korea Bizwire) — Nearly half of South Korea’s large companies have yet to come up with their investment plans for next year due mainly to high economic uncertainty, a poll showed Monday. The survey of 101 big firms out of the country’s top 500 companies showed 49.5 percent having no investment plans [...]
SEOUL, Dec. 11 (Korea Bizwire) — Seven out of 10 South Koreans believe the government’s “living with COVID-19″ campaign has elevated the risk of virus transmission, according to a poll released Saturday. The survey — commissioned by a research team led by Prof. Yoo Myung-soon of Seoul National University’s graduate school of public health — [...]