SEJONG, Oct. 29 (Korea Bizwire) — Debt held by the self-employed grew 4.7 percent in 2018, as their income fell amid the economic slowdown, raising concerns about their capacity to service debt, data showed Thursday. Average bank loans extended to a self-employed person amounted to 164 million won (US$144,000) as of end-2018, compared with 156 [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korea’s exports of air purifiers and other home cleaning appliances spiked in the first nine months of the year amid the coronavirus pandemic, data showed Wednesday. Outbound shipments of air purifiers shot up nearly 60 percent on-year to US$157 million in the January-September period, according to the data [...]
SEOUL, Oct. 27 (Korea Bizwire) – The new coronavirus pandemic has had a negative impact on children’s nutritional intake and other aspects of welfare, a survey by a nongovernmental group showed Tuesday. A survey by Seoul-based charity group Good Neighbors, conducted in June on 6,750 children from age 4-18 and their parents, showed that the [...]
SEOUL, Oct. 27 (Korea Bizwire) — Corporate ownership of land in South Korea has been on a steady rise in recent years amid rising criticism of conglomerates’ real estate investment, government data showed Tuesday. South Korean companies owned 6.953 square kilometers of land in 2019, up 1.7 percent from a year earlier, according to the [...]
SEOUL, Oct. 27 (Korea Bizwire) — Credit card loans in South Korea soared more than 34 percent in September as cash-strapped people scrambled to borrow from card firms amid a protracted coronavirus outbreak, industry data showed Tuesday. New loans extended by seven credit card firms — Shinhan, KB Kookmin, Woori, Hana, Samsung, Hyundai and Lotte [...]
SEOUL, Oct. 26 (Korea Bizwire) – YouTube ranked as the fifth most trustworthy media in South Korea in the third quarter, beating other traditional local outlets, a survey showed Monday. The state-run broadcaster KBS topped the list with 17.7 percent trust level in the survey conducted by Kantar Korea, a research firm, and commissioned by [...]
SEOUL, Oct. 26 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea jumped 26 percent last month from a year earlier on robust sales of Scania and Iveco trucks, an industry association said Monday. The number of newly registered imported commercial vehicles rose to 383 units in September from 304 a year ago, [...]
SEOUL, Oct. 25 (Korea Bizwire) — Retail sales in South Korea advanced 8.5 percent in September from a year earlier as online shops enjoyed brisk sales amid the new coronavirus pandemic, data showed Sunday. The combined sales of 26 major offline and online retailers reached 11.9 trillion won (US$10 billion) last month, up from 11.16 [...]
SEOUL, Oct. 25 (Korea Bizwire) — South Korea saw its sales of luxury imported cars rise sharply over the first nine months of the year despite the new coronavirus pandemic straining the economy, data showed Sunday. The combined sales of imported automobiles with a price tag of more than 100 million won (US$88,600) surpassed 30,000 [...]
SEOUL, Oct. 23 (Korea Bizwire) — South Koreans gave their country a score of nearly 70 out of a possible 100 points when it comes to the society-wide response to the coronavirus pandemic, a poll showed Friday. According to the poll of 2,247 people nationwide conducted by public broadcaster KBS from Sept. 11-16, South Korean [...]