SEOUL, Nov. 3 (Korea Bizwire) — South Korea’s large companies have cut their greenhouse gas emissions by more than 9 percent over the past two years in an effort to cope with global environmental regulations, a corporate tracker said Wednesday. The volume of greenhouse gases emitted by 197 big businesses in Asia’s fourth-largest economy came [...]
SEOUL, Nov. 2 (Korea Bizwire) — Foreign direct investment (FDI) pledged to the country has surged more than 5,000 times in 60 years, which helped play a key pillar of now Asia’s fourth-largest economy, the industry ministry said Tuesday. In 1962, a local carmaker reported receiving US$3 million in foreign investment, the first of its [...]
SEOUL, Nov. 1 (Korea Bizwire) — The number of registered vehicles in South Korea grew nearly 2 percent this year to near 25 million, with that of eco-friendly cars topping 1 million units, government data showed Monday. Car registrations came to 24.78 million units as of end-September, up 1.7 percent from the end of last [...]
SEOUL, Oct. 31 (Korea Bizwire) — The portion of female directors at local financial companies stood at 4.1 percent as of the end of last year, lower than that of overall listed companies in South Korea, a report said Sunday. Among 209 outside directors at 13 banks, 27 brokerage houses and 12 insurance companies, only [...]
SEOUL, Oct. 31 (Korea Bizwire) — The wage divide in South Korea widened in the first half of the year amid the prolonged pandemic, with salaries of internet service firms rising sharply and those of tour agencies plunging, a study showed Sunday. According to report by Korea Economic Research Institute (KERI), monthly pay of workers [...]
SEOUL, Oct. 29 (Korea Bizwire) — Consumption inequality in South Korea worsened last year as the coronavirus pandemic undercut “discretionary” spending by lower-income earners due to toughened curbs on gatherings and business operation, a central bank report showed Friday. According to the report by the Bank of Korea, the consumption inequality index — a major [...]
SEOUL, Oct. 29 (Korea Bizwire) — The growth of South Korea’s exports of autos sharply slowed in the third quarter from three months earlier as disruptions of the global supply of auto chips dented vehicle output, data showed Friday. The country’s outbound shipments of cars came to US$9.7 billion in the July-September period, up 4.2 [...]
SEOUL, Oct. 28 (Korea Bizwire) — Retail sales in South Korea surged 8.2 percent in September from a year earlier, data showed Thursday, as consumers turned to “revenge shopping” amid the prolonged virus pandemic. The combined sales of 25 major offline and online retailers reached 13.2 trillion won (US$11.26 billion) last month, compared with 11.9 [...]
SEOUL, Oct. 27 (Korea Bizwire) — The number of babies born in South Korea dropped to a record low in August, data showed Wednesday, underscoring the country’s gloomy demographic situation with its chronically low birthrate. A total of 22,291 babies were born in August, down 0.5 percent from a year earlier, according to the data [...]
SEOUL, Oct. 27 (Korea Bizwire) — The number of female executives at South Korea’s top 100 firms increased in 2021 from a year earlier to surpass the 300 mark for the first time, data showed Wednesday. Those leading companies in Asia’s fourth-largest economy had a combined 322 women executives as of end-June this year, up [...]