SEOUL, June 16 (Korea Bizwire) — Sales of South Korean large firms’ Chinese units have tumbled nearly 28 percent over the past four years due to a bilateral row over the deployment of an advanced U.S. missile defense system here and other reasons, a corporate tracker said Wednesday. According to CEO Score, 320 Chinese production [...]
SEOUL, June 15 (Korea Bizwire) – Sales of fiction and poetry books at Yes24, a leading online bookstore, have continued to grow this year, as people spend more time at home amid the coronavirus pandemic, the company said Tuesday. The sales volume of novels, poetry and dramas have risen 8.3 percent year-on-year so far this [...]
SEOUL, June 15 (Korea Bizwire) — South Korea’s exports of strawberries rose nearly 25 percent on-year in the first five months of this year on the back of robust output and rising demand amid the pandemic, data showed Tuesday. The country’s exports of strawberries reached US$49 million in the January-May period, up 24.7 percent from [...]
SEJONG, June 15 (Korea Bizwire) — The number of “short-time workers” in South Korea reached an all-time high in May amid increasing labor costs, a report showed Tuesday. A total of 1.56 million employees in Asia’s fourth-largest economy worked fewer than 15 hours per week, according to the report released by Rep. Choo Kyung-ho of [...]
SEOUL, June 14 (Korea Bizwire) — Nearly 16,000 people have used “flights to nowhere” offered by South Korean airlines since the sightseeing flights were introduced late last year, the customs office said Monday. The Korea Customs Service (KCS) said 15,983 passengers used a total of 152 international flights designed for the purpose of the air [...]
SEOUL, June 13 (Korea Bizwire) — South Korea’s exports of automobiles jumped nearly 58 percent in May on the back of strong demand for eco-friendly cars and SUVs, data showed Sunday. Outbound shipments of automobiles reached 150,894 units in May, according to the Ministry of Trade, Industry and Energy. In terms of value, exports nearly [...]
SEOUL, June 13 (Korea Bizwire) — South Korea’s insects industry grew 2 percent in 2020 from a year earlier, data showed Sunday, amid growing popularity of insects-based foodstuffs. The combined sales of local insect-related companies reached 41.4 billion won (US$37.1 million) in 2020, up from 40.5 billion won a year earlier, according to the data [...]
SEJONG, June 12 (Korea Bizwire) — South Korea’s national debt is growing at a rate of 3 million won (US$2,730) per second and stands at 17.6 million won per person, a parliamentary office said Saturday. The total debt by the central and provincial governments in Asia’s fourth-largest economy reached 912.5 trillion won as of 3:30 [...]
SEOUL, June 11 (Korea Bizwire) — South Korea retail investors have traded more than US$1.7 billion worth of shares in AMC Entertainment Holdings Inc., one of the social media-driven meme stocks, this month, data showed Friday. Local individual investors’ transactions of shares in the top U.S. movie theater chain came to $1.76 billion in the [...]
SEOUL, June 10 (Korea Bizwire) — South Korea saw the annual number of drug offenders shoot up to a record high level last year, driven in part by an increase in juvenile and foreign drug criminals, a judicial report showed Thursday. According to the 2020 juridical yearbook, published recently by the Supreme Prosecutors Office (SPO), [...]