SEOUL, May 20 (Korea Bizwire) — Monthly active users of the U.S. video streaming service Netflix Inc. in South Korea recorded a decline in the past three months, data showed Thursday, as the platform faces a slowdown in global subscriber growth and increasing competition from local players. Netflix’s monthly active users in the country last [...]
SEOUL, May 19 (Korea Bizwire) — South Korea’s six major travel agencies cut some 15 percent of their workforce over the past year as travel demand has taken a massive hit from the COVID-19 pandemic, data showed Wednesday. At the end of March, six listed travel firms had a total of 4,268 employees, down 15.4 [...]
SEOUL, May 17 (Korea Bizwire) — Around 30 percent of stray pets protected by animal shelters found new homes in 2020, data showed Monday, amid the growing popularity of raising pets in South Korea. The number of pets rescued by animal shelters came to 130,401 in 2020, down 3.9 percent from 135,791 posted in the [...]
SEOUL, May 17 (Korea Bizwire) — The number of visitors to major amusement and theme parks across the country decreased sharply last year due to the coronavirus pandemic, data showed Monday. According to data from the state-run Korea Culture and Tourism Institute, attendance at Lotte World in southern Seoul stood at 1.56 million in 2020, [...]
SEOUL, May 16 (Korea Bizwire) — South Korea’s exports of automobiles jumped nearly 53 percent on-year in April, data showed Sunday, on the back of the global economic recovery coupled with a base effect. The country’s outbound shipments of automobiles reached 188,293 units in April, according to the Ministry of Trade, Industry and Energy. In [...]
SEOUL, May 15 (Korea Bizwire) — More than six out of every 10 South Koreans support the idea of pardoning Lee Jae-yong, the jailed de facto leader of Samsung Group, a poll showed Saturday. According to the joint poll conducted on 1,003 people age 18 or over nationwide from Monday through Wednesday, 64 percent of [...]
SEOUL, May 12 (Korea Bizwire) — South Korea’s personal computer (PC) market expanded to the largest in 10 years in the first quarter of 2021, industry data showed Wednesday, due to robust demand for online education and remote working amid the pandemic. Domestic PC shipments stood at 1.89 million units in the January-March period, up [...]
SEOUL, May 12 (Korea Bizwire) — South Korea reported the largest job growth in almost seven years in April in the latest sign that the job market is recovering from a yearlong slump caused by the pandemic, data showed Wednesday. The number of employed people reached 27.2 million last month, 652,000 more than a year [...]
SEOUL, May 11 (Korea Bizwire) — A total of 6,705 native Koreans have joined the Roman Catholic priesthood in the 237 years of the Catholic history in the country, a report showed Tuesday. According to the 2021 directory published by the Catholic Bishops’ Conference of Korea, the list of ordained priests includes Father Andrea Kim, [...]
SEOUL, May 11 (Korea Bizwire) — South Korean confectionary companies enjoyed brisk overseas sales in 2020 thanks to the high popularity of Korean pop culture and food abroad, industry sources said Tuesday. Overseas sales of industry giant Orion Corp. stood at approximately 1.5 trillion won (US$1.34 billion) last year, accounting for 65.6 percent of its [...]