SEOUL, Feb. 16 (Korea Bizwire) — South Korea’s hospitality industry has cut nearly 370,000 jobs over the past year in the wake of the coronavirus pandemic, data showed Tuesday. Local accommodations and restaurants had a combined workforce of 1.965 million as of January, down 367,000 from a year earlier, according to the data from Statistics [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korea’s auto exports jumped 29.5 percent on year in January, as global demand showed signs of modest recovery from the coronavirus pandemic, data showed Monday. The nation’s auto production and domestic sales rose 24.9 percent and 18.4 percent on year in January, respectively, according to the data from [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korea’s internet-of-things (IoT) device subscriptions hit over 10 million last year on the back of growing use of connected cars and remote control services. As of the end of last year, the number of mobile connections to such devices stood at 10.05 million, up around 2 million from [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korea’s online food market posted explosive growth in 2020 from a year earlier due to the fallout from the coronavirus pandemic, data showed Monday. The value of online food transactions in Asia’s fourth-largest economy came to 43.4 trillion won (US$39.2 billion) last year, up 62.4 percent from a [...]
SEJONG, Feb. 15 (Korea Bizwire) – The number of discouraged female workers in South Korea hit an all-time high in January due to a tough employment situation amid the coronavirus pandemic, government data showed Monday. The country had 359,000 discouraged female workers in January, up 65.5 percent, or 142,000, from a year earlier and setting [...]
SEOUL, Feb. 14 (Korea Bizwire) — More than half of South Koreans are in favor of raising taxes for high income earners to mitigate the polarization that has deepened during the pandemic, a poll showed Sunday. In the survey of 1,000 South Koreans aged 18 or older conducted last week, 57.4 percent of respondents agreed [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korea’s air passenger traffic plunged 68 percent last year in the face of the coronavirus pandemic, the transport ministry said Sunday. In 2020, the number of passengers on domestic and international routes fell to 39.4 million from 123.3 million a year earlier as countries strengthened entry restrictions to [...]
SEOUL, Feb. 13 (Korea Bizwire) – The parcel volume in South Korea rose 21 percent last year from a year earlier as more people shifted to online shopping amid the COVID-19 pandemic, government data showed Saturday. A total of 3.37 billion parcels were delivered in the nation by 18 logistics companies in 2020, surpassing 3 [...]
SEJONG, Feb. 12 (Korea Bizwire) — More than 40 percent of people who won Lotto, the country’s most popular lottery, said they will use the prize money to acquire real estate assets, a survey showed Friday. Among 271 Lotto winners in the first half of 2020, 42 percent of them said they will buy houses [...]
SEOUL, Feb. 11 (Korea Bizwire) — Foreign investors raked in bio and chemical shares while dumping chip and auto stocks during the past two weeks of adjustment, putting the key stock index in a tight band. The benchmark Korea Composite Stock Price Index (KOSPI) has been in a lengthy adjustment period since Jan. 26, after [...]