SEOUL, Aug. 12 (Korea Bizwire) — South Korea’s online food market jumped more than 45 percent in the first half of the year from a year earlier due to the fallout from the coronavirus pandemic, data showed Thursday. The value of online food transactions in Asia’s fourth-largest economy stood at 27.8 trillion won (US$24 billion) [...]
SEOUL, Aug. 11 (Korea Bizwire) — More than 8 out of 10 South Koreans think colleges are too expensive and that tuition should be halved from the current level, a poll showed Wednesday. In the online poll of 1,000 people nationwide released by Young Men’s Christian Association (YMCA) Korea, 83.9 percent of the respondents said [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korea reported job additions for the fifth straight month in July, but the growth pace slowed as employment in face-to-face service segments was hit hard by the fourth wave of the pandemic, data showed Wednesday. The number of employed people reached 27.65 million last month, 542,000 more than [...]
SEOUL, Aug. 10 (Korea Bizwire) — Sales of department stores in South Korea grew at the fastest-ever clip in the second quarter of the year amid the coronavirus pandemic, data showed Tuesday. Local department stores saw their sales in terms of constant prices soar 20.3 percent on-year in the April-June period, according to the data [...]
SEOUL, Aug. 9 (Korea Bizwire) — Slightly more than half of all South Koreans do not support the idea of postponing the regular joint summertime military drills between Seoul and Washington, a poll showed Monday. In the poll of 500 people aged 18 and older nationwide conducted by Realmeter last Friday, 50.4 percent of the [...]
SEJONG, Aug. 9 (Korea Bizwire) — Payments made with cards in South Korea expanded 7 percent in July from a year earlier despite a resurgence of coronavirus infections, a report showed Monday. Spending made with credit, debit and prepaid cards issued by major card firm Shinhan Card Co. stood at 14.1 trillion won (US$12.3 billion) [...]
SEOUL, Aug. 5 (Korea Bizwire) — Women hold 5.2 percent of executive positions at publicly listed companies in South Korea, the gender equality ministry said Thursday. According to a survey of 2,246 stock market-listed companies in the first quarter, only 1,668, or 5.2 percent, of the 32,005 executives were women, according to the Ministry of [...]
SEOUL, Aug. 5 (Korea Bizwire) — The number of smartphone users on 5G mobile networks topped 16 million as of June, data showed Thursday, as subscriptions to the latest generation networks continued to grow despite a lack of new flagship 5G phones. The total number of 5G users reached 16.47 million in June, accounting for [...]
SEOUL, Aug. 4 (Korea Bizwire) — The “MZ generation,” a Korean term referring to millennials and Generation Z, accounted for 35.5 percent of Seoul’s population last year, the city government said Wednesday. The cohort of people born between 1980 and 1994 (millennials) and between 1995 and 2004 (Generation Z) numbered 3.43 million, the largest of [...]
SEOUL, Aug. 4 (Korea Bizwire) — Online shopping in South Korea hit a record high in the second quarter as more people used e-commerce shopping platforms amid a contactless trend caused by the pandemic, data showed Wednesday. The value of online shopping transactions stood at 46.9 trillion won (US$40.8 billion) in the April-June period, up [...]