SEOUL, March 30 (Korea Bizwire) — More than half of unmarried South Koreans in their 30s are living with their parents, a report showed Tuesday, as young people are delaying marriages amid an economic slowdown. A total of 54.8 percent of single Koreans in their 30s are living with their parents without moving out on [...]
SEOUL, March 29 (Korea Bizwire) – The amount of payments made electronically hit a record high last year, central bank data showed Monday, as the COVID-19 pandemic prompted people to engage in contact-free commerce. The daily average amount of electronic financial transactions came to 705.5 billion won (US$624 million) in 2020, up 32.7 percent from [...]
SEOUL, March 29 (Korea Bizwire) — Samsung Electronics Co. reclaimed the top spot in global smartphone sales in February, a report showed Monday, after it narrowly beat Apple Inc. on the back of the early release of the Galaxy S21 series. Samsung shipped 24 million units of smartphones for a 23.1 percent market share last [...]
SEOUL, March 26 (Korea Bizwire) — Samsung Display Co. dominated the global smartphone display panel market last year, a report showed Friday, as it posted record revenue amid the pandemic. The affiliate of Samsung Electronics Co., the world’s largest smartphone producer, represented half of the worldwide smartphone panel market last year in terms of revenue, [...]
SEOUL, March 25 (Korea Bizwire) — More than half of South Koreans in their 10s and 20s think it is not necessary to have kids after marriage, a report showed Thursday, adding to concerns about the country’s chronic low birth rate. As of 2020, 32 percent of Koreans aged 13 or older said it is [...]
SEOUL, March 25 (Korea Bizwire) — Retail sales in South Korea rose 10 percent in February from a year earlier on the back of the Lunar New Year’s holiday, with offline stores delivering better-than-expected performance as pandemic-weary people went outside. The combined sales of 26 major offline and online retailers reached 11.6 trillion won (US$10.2 [...]
SEOUL, March 25 (Korea Bizwire) — The number of South Korean women investing in stocks has doubled over the past four years amid an equity investment craze, data showed Thursday. Asia’s fourth-largest economy had 3.88 million female stock investors as of the end of December last year, compared with 1.94 million four years earlier, according [...]
SEOUL, March 24 (Korea Bizwire) — The number of babies born in South Korea fell to a record low in January, data showed Wednesday, underpinning the country’s chronically low birth rate. A total of 25,003 babies were born in January, down 6.3 percent from a year earlier, according to the data compiled by Statistics Korea. [...]
SEOUL, March 24 (Korea Bizwire) — Sales of South Korea’s top instant noodle makers posted strong sales in 2020 thanks to brisk demand amid the coronavirus pandemic, data showed Wednesday. Nongshim Co. said its sales of instant noodles, or “ramyeon” in Korean, came to 2.09 trillion won (US$1.85 billion) last year, up 16.3 percent from [...]
SEOUL, March 23 (Korea Bizwire) — South Korea, home to chipmaking giants such as Samsung Electronics Co. and SK hynix Inc., was the world’s third-largest market for semiconductor materials in 2020, a report showed Tuesday, moving down one spot from a year earlier after posting an under-par industry average growth. The country’s chip materials market [...]