SEOUL, Jan. 28 (Korea Bizwire) – South Korea’s imports of Japanese beer plunged nearly 86 percent in 2020 due to a local boycott of goods from the neighboring country, data showed Thursday. Seoul brought in US$5.67 million worth of Japanese beer last year, down 85.7 percent from a year earlier, according to the data from [...]
SEOUL, Jan. 27 (Korea Bizwire) — The number of babies born in South Korea hit a new record low in November last year, data showed Wednesday, underscoring the country’s chronic low birth rate. The number of deaths rose to the highest in 37 years, leading to the population declining for the 13th straight month, according [...]
SEOUL, Jan. 26 (Korea Bizwire) — South Koreans likely spent more than 12 trillion won (US$10.9 billion) on the country’s top two food delivery services, Baedal Minjok and Yogiyo, last year amid the stay-at-home trend driven by the pandemic, data showed Tuesday. Total credit card and mobile transactions on the delivery services reached an estimated [...]
SEOUL, Jan. 26 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea fell 6.9 percent in 2020 from a year earlier on lower demand amid the coronavirus pandemic, an industry association said Tuesday. The number of newly registered imported commercial vehicles fell to 4,482 units last year from 4,812 a year ago, the [...]
SEOUL, Jan. 26 (Korea Bizwire) — Foreigners’ building transactions in South Korea reached an all-time high in 2020, with deals soaring in the Seoul metropolitan area, data showed Tuesday. Foreigners’ transactions of housing and commercial buildings in Asia’s fourth-largest economy came to 21,048 last year, up 18.5 percent from a year earlier, according to the [...]
SEOUL, Jan. 25 (Korea Bizwire) — South Korean exports of red pepper paste jumped more than 35 percent in 2020 from a year earlier thanks to the global popularity of Korean pop culture, known as the Korean Wave, data showed Monday. Overseas shipments of red pepper paste, called “gochujang” in Korean, came to US$50.93 million [...]
SEOUL, Jan. 25 (Korea Bizwire) — South Korean retail investors’ holdings of shares in electric vehicle leader Tesla Motors Inc. soared nearly 32 percent this year to cross the US$10 billion mark, data showed Monday. Local individual investors owned $10.33 billion worth of Tesla shares as of Friday, up 31.9 percent from the end of [...]
SEOUL, Jan. 24 (Korea Bizwire) — Air traffic volume in South Korea halved year-on-year in 2020 due to the coronavirus pandemic, government data showed Sunday. The Ministry of Land, Infrastructure and Transport said the number of flight operations last year totaled 421,000, down 50 percent from 2019. The volume on domestic routes fell 10.4 percent [...]
SEOUL, Jan. 21 (Korea Bizwire) — South Korea’s national gender equality level improved for the fifth straight year in 2019, as more women were appointed to senior government posts and committees, a government report showed Thursday. The country’s gender equality index stood at 73.6 out of 100 in 2019, inching up 0.5 points from the [...]
SEOUL, Jan. 21 (Korea Bizwire) — Local retail sales of processed rice products shot up nearly 11 percent in 2019 from a year earlier due to the growing demand from single-member households while more people opt for convenient meals, data showed Thursday. Retail sales of processed rice products, including ready-to-eat steamed rice, porridge, and noodles, [...]