SEOUL, Jan. 7 (Korea Bizwire) — South Korea’s exports of fishery products moved down 7.4 percent on-year in 2020, data showed Thursday, as people around the globe refrained from dining out amid the new coronavirus pandemic, leading to weaker demand for tuna and other popular goods. Outbound shipments of fishery goods reached US$2.3 billion last [...]
SEOUL, Jan. 7 (Korea Bizwire) — Global consumers picked kimchi as their most preferred Korean dish, a poll showed Thursday, amid the growing popularity of traditional Korean food, known as hansik, in line with the boom of the country’s pop culture around the world. Nearly 34 percent of the respondents said they preferred eating kimchi, [...]
SEOUL, Jan. 6 (Korea Bizwire) — South Koreans were almost evenly divided on the idea of granting pardons to two former presidents currently in prison for corruption charges, a hotly debated topic recently brought up by the ruling party chief, a survey showed Wednesday. In a one-day survey by Realmeter conducted on 500 voters nationwide [...]
SEOUL, Jan. 6 (Korea Bizwire) — Sales of imported vehicles in South Korea rose 4.5 percent last December from a year earlier due to strong demand for German cars, an industry association said Wednesday. The number of newly registered foreign vehicles climbed to 31,419 units last month from 30,072 a year earlier despite the COVID-19 [...]
SEOUL, Jan. 6 (Korea Bizwire) — South Korea’s exports of kimchi reached an all-time high in the first 10 months of 2020, data showed Wednesday, on the back of growing global demand for healthier foodstuffs amid the new coronavirus pandemic. Outbound shipments of kimchi over the January-October period of last year came to US$119 million, [...]
SEOUL, Jan. 5 (Korea Bizwire) — Home prices in South Korea rose at the fastest pace in nine years in 2020 despite a set of government measures to rein them in, data showed Tuesday. Housing prices in Asia’s fourth-largest economy gained 5.36 percent last year from a year earlier amid low interest rates and ample [...]
SEOUL, Jan. 5 (Korea Bizwire) — Online shopping in South Korea hit a record high in November as more people bought products via e-commerce platforms amid the new coronavirus pandemic, data showed Tuesday. The value of online transactions stood at 15.1 trillion won (US$13.8 billion) in November, up 17.2 percent from the previous year, according [...]
SEOUL, Jan. 5 (Korea Bizwire) — South Korea’s exports of agriculture products reached an all-time high of US$7.57 billion last year on the back of strong demand for kimchi and processed foods, data showed Tuesday. The record amount represents a 7.7 percent rise from the previous year, according to data compiled by the Ministry of [...]
SEOUL, Jan. 5 (Korea Bizwire) — South Koreans’ spending on liquor and cigarettes reached an all-time high in the third quarter of 2020 amid the coronavirus outbreak, central bank data showed Tuesday. Local households spent 4.3 trillion won (US$3.96 billion) on alcohol and cigarettes in the July-September period, up 6.2 percent from a year earlier, [...]
SEOUL, Jan. 4 (Korea Bizwire) — South Korean carmakers’ sales fell 5 percent last month from a year earlier as the COVID-19 pandemic continued to weigh on demand, industry data showed Monday. The five carmakers in South Korea — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor [...]