SEOUL, Jan. 4 (Korea Bizwire) — South Korea’s wine imports soared to a record high in 2020 as more people enjoyed drinking and partied at home due to the coronavirus outbreak, government data showed Monday. South Korea imported US$239 million worth of wines in the January-November period last year, much higher than the $204 million [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korea’s population fell year-on-year for the first time in 2020, census data showed Sunday, with a record low number of births getting surpassed by deaths to cause a natural decrease. According to the latest census figures released by the Ministry of Interior and Safety, South Korea had 51,829,023 [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korea’s exports of environment-friendly vehicles jumped 40 percent in 2020 from a year earlier on growing demand for less-emitting cars, the trade ministry said Sunday. Exports of all-electric and hydrogen fuel-cell electric vehicles climbed to US$4.6 billion last year from $3.3 billion a year ago, according to the [...]
SEOUL, Dec. 31 (Korea Bizwire) — South Korea racked up nearly 11 million users on fifth-generation (5G) wireless networks as of end-November, data showed Thursday. The country had 10.9 million 5G users last month, accounting for 15.5 percent of the total 70.5 million mobile subscriptions, according to data compiled by the Ministry of Science and [...]
SEOUL, Dec. 31 (Korea Bizwire) — Over 26 percent of North Korean defectors living in South Korea sent remittances back to the communist country this year, a survey showed Thursday. According to the poll conducted by the Database Center for North Korean Human Rights (NKDB) and NK Social Research (NKSR), a survey agency specializing in [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korea’s benchmark stock index skyrocketed over 30 percent this year from a year ago, buoyed by strong buying of individual investors and expectations of a speedy recovery from the pandemic next year, the bourse operator said Wednesday. In the final trading session of 2020 on Wednesday, the benchmark [...]
SEOUL, Dec. 30 (Korea Bizwire) – South Korea’s 5G download speed and overall quality improved in the second half of the year from the first half as the country races to deploy nationwide coverage of the latest generation network, a report showed Wednesday. The average download speed on the high-speed network from the country’s three [...]
SEOUL, Dec. 29 (Korea Bizwire) — The value of South Korea’s space industry stood at 3.89 trillion won (US$3.5 billion) last year, a report showed Tuesday. The industry’s size slightly dipped from that of 2018, when it reached 3.93 trillion won, according to data compiled by the Ministry of Science and ICT. The science ministry [...]
SEOUL, Dec. 28 (Korea Bizwire) — Claims over faulty parts in electric vehicles have soared in South Korea over the past five years, the transport ministry said Monday. The number of registered EVs jumped to 131,923 units at the end of November this year from a meager 10,855 at the end of 2016, according to [...]
SEOUL, Dec. 27 (Korea Bizwire) — South Korea’s antitrust watchdog said Sunday 42 large business groups earned a combined 1.42 trillion won (US$1.29 billion) by selling brand licenses to their affiliates last year amid concerns conglomerate owners could glean profits from such transactions. The 2019 tally marked a 7.6 percent rise from the previous year’s [...]