SEOUL, March 16 (Korea Bizwire) — South Korea’s airfreight exports jumped to account for 36 percent of the country’s overall exports last year, industry data showed Tuesday, on higher demand for chips and biohealth products. Of the country’s combined exports of US$512.5 billion in 2020, air transport accounted for $183 billion, according to the data [...]
SEOUL, March 15 (Korea Bizwire) — Nearly 90 percent of experts view the level of social division and conflicts in South Korea as serious, a survey by a parliamentary advisory committee showed Monday. In its survey conducted from March 2-6 on 1,801 experts in social, political or economic affairs who are registered in the National [...]
SEOUL, March 15 (Korea Bizwire) — South Korea’s exports of automobiles advanced 35 percent on-year in February, data showed Monday, as major trading partners gradually normalized their economic activities amid the virus pandemic. The country’s outbound shipments of automobiles reached 161,886 units in February, compared with 123,022 units posted a year earlier, according to the [...]
SEOUL, March 14 (Korea Bizwire) — China’s imports of South Korean products last year stayed nearly the same as the previous year despite the novel coronavirus pandemic, a report showed Sunday, as the world’s second-largest economy bought more consumer goods like cosmetics. China imported US$173.5 billion worth of goods from South Korea in 2020, only [...]
SEOUL, March 11 (Korea Bizwire) — Nearly 40 percent of South Koreans think air quality relatively improved last year from two years earlier, a survey showed Thursday, as fine dust air pollution declined amid the pandemic. Some 38.2 percent of those surveyed by the Statistics Research Institute said the country’s air quality improved last year, [...]
SEOUL, March 11 (Korea Bizwire) — South Korean households’ spending on restaurants and hotels dropped in the fourth quarter of last year amid a resurge of coronavirus infections, central bank data showed Thursday. Household spending on eating out and hospitality services came to 18.9 trillion won (US$16.6 billion) in the October-December period, dropping below the [...]
SEOUL, March 11 (Korea Bizwire) — South Korea’s imports of Japanese beer climbed for the fifth straight month in January, data showed Thursday, amid signs of a weaker local boycott of goods from the neighboring country. Asia’s fourth-largest economy brought in 1,072 tons of Japanese beer in January, up a whopping 670.3 percent from the [...]
SEOUL, March 10 (Korea Bizwire) — More than 20 percent of South Korean smartphone users are at risk of being overly dependent on the devices, a survey showed Wednesday. The Ministry of Science and ICT said 23.3 percent of smartphone users in the country were at risk last year, up 3.3 percent from the previous [...]
SEOUL, March 9 (Korea Bizwire) – Spending on private education for children declined nearly 12 percent last year amid the fallout of the pandemic, data showed Tuesday. Total expenditures on private education for primary, middle and high school students amounted to 9.3 trillion won (US$8.1 billion) last year, down 11.8 percent from a year earlier, [...]
SEOUL, March 8 (Korea Bizwire) — Fewer than 10,000 foreign tourists visited South Korea a month last year after the outbreak of the coronavirus pandemic, official data showed Monday. According to the state-run Korea Tourism Organization (KTO), the average number of foreign travelers here was only 9,722 per month from April to December last year, [...]