SEOUL, July 14 (Korea Bizwire) — South Korea had the second-largest monthly capacity of 200-millimeter-equivalent wafers last year behind Taiwan, a report showed Wednesday. The country, home to major chipmakers like Samsung Electronics Co. and SK hynix Inc., had a capacity of 4.25 million wafers per month, accounting for 20.4 percent of global wafer capacity [...]
SEOUL, July 12 (Korea Bizwire) — The number of employment insurance subscribers posted the largest year-on-year increase in 19 months in June in a sign of recovery of the pandemic-hit job market, government data showed Monday. According to the Ministry of Employment and Labor, there were 14.33 million subscribers to the state insurance plan last [...]
SEOUL, July 12 (Korea Bizwire) — Imported electric vehicle sales jumped 65 percent in the first half compared with a year earlier despite an extended COVID-19 pandemic, industry data showed Monday. From January to June, the number of imported EV registrations jumped to 14,295 units from 8,681 in the year-ago period, according to the Korea [...]
SEOUL, July 11 (Korea Bizwire) — New orders won by South Korean shipbuilders hit a 13-year high in the first half of the year amid signs of a modest recovery in global trade from the COVID-19 pandemic, data showed Sunday. Korean shipbuilders led by Hyundai Heavy Industries Co. won new orders worth US$26.7 billion that [...]
SEOUL, July 11 (Korea Bizwire) — The South Korean passport was found to be the third most effective one for travelers around the world, allowing its bearers to travel to 191 countries visa-free, data showed Sunday. Asia’s fourth-largest economy and Germany tied for third, only after Japan and Singapore, in the latest edition of the [...]
SEOUL, July 8 (Korea Bizwire) — Samsung Electronics Co. accounted for nearly half of the global smartphone memory market in the first quarter of the year, a report showed Thursday, as it tries to boost its presence in 5G devices. The South Korean tech giant, the world’s top memory chip producer, dominated the market with [...]
SEOUL, July 8 (Korea Bizwire) — In the midst of a sluggish employment environment resulting from the COVID-19 pandemic last year, a shift towards entrepreneurship has continued this year, especially among young people. The number of new business established during the January to April period of this year totaled 449,000, down 14.2 percent from a [...]
SEOUL, July 7 (Korea Bizwire) — South Korean listed companies awarded nearly 2 trillion won worth of stock options in the first half of the year amid a bullish stock market and their efforts to lure talent, a corporate tracker said Wednesday. Executives and employees of the listed firms received stock options worth 1.98 trillion [...]
SEOUL, July 6 (Korea Bizwire) — South Korea’s population continued to decrease during the second quarter as deaths outnumbered births, government data showed Tuesday. As of the end of June, the nation’s registered population stood at 51,672,400, down 0.06 percent from 51,705,905 tallied at the end of March, according to census figures from the Ministry [...]
SEOUL, July 6 (Korea Bizwire) — Online shopping in South Korea hit a record high in May as more people used e-commerce shopping platforms amid the pandemic-induced contactless trend, data showed Tuesday. The value of online shopping transactions stood at 16.1 trillion won (US$14 billion) in May, up 26 percent from a year earlier, according [...]