SEOUL, Nov. 25 (Korea Bizwire) – South Korean insurance firms’ earnings jumped more than 37 percent in the first nine months of this year amid the coronavirus pandemic and a bullish stock market, data showed Thursday. The combined net profit of insurance companies operating in South Korea came to 7.63 trillion won (US$6.4 billion) in [...]
SEOUL, Nov. 25 (Korea Bizwire) — The number of jobs for wage workers in South Korea expanded nearly 4 percent in the second quarter amid signs of the economy’s recovery from the fallout from the coronavirus pandemic, data showed Thursday. The number of paid employee jobs had reached 19.6 million as of the end of [...]
SEOUL, Nov. 24 (Korea Bizwire) — The number of babies born in South Korea fell to a record low in September, data showed Wednesday, underscoring the country’s bleak demographic situation with the chronically low birth rate. A total of 21,920 babies were born in September, down 6.7 percent from the previous year, according to the [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Korea’s imports of golf equipment rose to a record high in the first 10 months of this year on the back of strong demand amid the pandemic, customs data showed Wednesday. The imports of golf clubs and other related equipment reached US$601 million in the January-October period, up [...]
SEOUL, Nov. 24 (Korea Bizwire) — Large South Korean companies’ social contributions plunged nearly 37 percent in the first nine months of the year amid the coronavirus pandemic, a corporate tracker said Wednesday. CEO Score, which tracks corporate management, said 255 out of the country’s top 500 firms by sales donated a combined 1.01 trillion [...]
SEOUL, Nov. 23 (Korea Bizwire) – More than 1 in 6 South Korean married women suffered a career break this year as they quit their jobs due to child rearing and getting married, data showed Tuesday. The number of women aged 15-54 who have stopped working after marriage reached 1.45 million in April, down 3.8 [...]
SEOUL, Nov. 23 (Korea Bizwire) — Large South Korean companies have cut their combined workforce by more than 1 percent over the past two years amid the coronavirus pandemic, a corporate tracker said Tuesday. The number of workers hired by 313 out of the country’s top 500 firms by sales came to 1.24 million as [...]
SEOUL, Nov. 22 (Korea Bizwire) — Major South Korean companies’ spending on research and development (R&D) rose more than 3 percent in 2020 with manufacturers taking up the bulk of the total, data showed Monday. R&D spending by the country’s top 1,000 corporations stood at 55.4 trillion won (US$46.6 billion) last year, up 3.35 percent [...]
SEOUL, Nov. 22 (Korea Bizwire) — South Korea’s imports of whisky soared more than 70 percent in the first 10 months of the year as more people drank at home amid the coronavirus pandemic, data showed Monday. The value of whisky imports came to US$93.21 million in the January-October period, up 73.1 percent from a [...]
SEOUL, Nov. 19 (Korea Bizwire) — Soaring costs of international raw materials are expected to eat into South Korean exporters’ profitability and lead to rising product prices down the road, a poll showed Friday. The survey of 100 major exporters, taken by the Korea Economic Research Institute (KERI), showed 83 percent of the respondents saying [...]