SEOUL, Sept. 24 (Korea Bizwire) — The number of convicted child sexual abusers has been growing steadily over the past few years in South Korea amid lenient penalties against such crimes, a judicial report showed Friday. According to the Supreme Court report submitted to Rep. Lee Tahney of the ruling Democratic Party, a total of [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Koreans spent a record high on Netflix last month, data showed Thursday, highlighting the video streaming giant’s popularity in the country amid growing competition. Payments to Netflix in the country are estimated at 75.3 billion won (US$63.5 million) in August, a 78 percent on-year rise from the previous [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korea’s listed companies are likely to see their earnings spike nearly 50 percent in the third quarter on brisk exports, a market tracker said Thursday. The combined operating income of 246 listed firms is expected to reach 59.6 trillion won (US$50.6 billion) for the July-September period, up about [...]
INCHEON, Sept. 22 (Korea Bizwire) — South Korea has imported twice as many cats and dogs this year compared with two years ago as people spend more time at home amid the protracted COVID-19 pandemic, customs data showed Wednesday. According to the data by the regional customs office in Incheon, a main gateway for trade [...]
SEOUL, Sept. 21 (Korea Bizwire) — Traffic accidents involving personal mobility devices, such as electric scooters, soared fourfold from 2018 to 2020, government data showed Tuesday, raising alarm over the safety of riders. According to the data from the National Police Agency, disclosed by Rep. Huh Young of the Democratic Party, the number of traffic [...]
SEOUL, Sept. 20 (Korea Bizwire) – Over six out of 10 suspended sentences handed down for sex crimes cited “sincere remorse” by the offenders in offering lenient rulings, a ruling party lawmaker said Monday. According to Rep. Park Sung-joon of the ruling Democratic Party, the number of sex crime cases between 2016 and 2020 that [...]
SEOUL, Sept. 17 (Korea Bizwire) — South Korea has larger class sizes and lower employment rates among the highly educated than Organization for Economic Cooperation and Development (OECD) averages, the education ministry said Friday. According to the latest edition of the OECD’s “Education at a Glance,” released by the Ministry of Education, elementary and middle [...]
SEOUL, Sept. 17 (Korea Bizwire) — South Korea’s overseas direct investment grew at the fastest pace in nine quarters in the second quarter of this year amid the global economic recovery, data showed Friday. The value of investments made by South Korean companies reached US$16.5 billion in the April-June period, up 26.8 percent from a [...]
SEOUL, Sept. 15 (Korea Bizwire) — South Korea’s exports of automobiles edged up 4 percent in August from a year earlier on robust sales of premium models, such as electric cars, despite the global supply shortages of automotive chips, data showed Wednesday. Outbound shipments of automobiles reached 135,871 units in August, according to the data [...]
SEOUL, Sept. 15 (Korea Bizwire) — South Korea reported job additions for the sixth straight month in August, but the growth pace slowed as employment at in-person service sectors was hit by the fourth wave of the pandemic, data showed Wednesday. The number of employed people reached 27.6 million last month, 518,000 more than a [...]