SEJONG, Oct. 22 (Korea Bizwire) — The number of beef cattle in South Korea surged to a record high in the third quarter of the year on increased beef consumption, government data showed Thursday. There were 3.39 million beef cattle, including Korean-bread cattle known as “hanwoo,” in the country as of Sept. 1, up 3.9 [...]
SEOUL, Oct. 21 (Korea Bizwire) — Exports of South Korean quarantine products to Africa have rocketed this year thanks to Seoul’s good handling of the coronavirus pandemic, data showed Wednesday. Shipments of diagnostic agents to 49 sub-Saharan countries stood at US$49.84 million in the first nine months of this year, about 25 times higher than [...]
SEOUL, Oct. 21 (Korea Bizwire) — Young South Korean workers have borne the brunt of the fallout from the coronavirus outbreak that first struck Asia’s fourth-largest economy in late January, data showed Wednesday. The number of employed South Koreans began to dwindle in March in the wake of the outbreak of COVID-19 as the flu-like [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korea’s 5G download speed is the world’s second fastest, reaching an average speed of 336.1 megabits per second (Mbps), a report showed Tuesday. The country was only behind Saudi Arabia, which delivered an average 5G download speed of 377.2 Mbps, according to a report from industry tracker Opensignal, [...]
WASHINGTON, Oct. 19 (Korea Bizwire) — South Korea’s favorability among Americans has reached an all-time high this year, partly helped by the growing popularity of K-pop music and other cultural content here, as well as the country’s handling of the new coronavirus outbreak, a U.S. survey showed Monday. Those surveyed gave South Korea’s favorability a [...]
SEOUL, Oct. 19 (Korea Bizwire) – The average accessibility of the fifth-generation network in major subway lines in South Korea reached over 75 percent, a lawmaker said Monday, as the country races to boost nationwide coverage. The high-speed network’s accessibility stood at 76.3 percent across 12 subways lines in six major cities across the country, [...]
SEOUL, Oct. 19 (Korea Bizwire) — South Korea’s exports of automobiles rebounded in September to snap a decline of five consecutive months on the back of improved shipments to North America, data showed Monday. Local carmakers shipped 193,081 units of cars overseas last month, up 14.8 percent from a year earlier, according to the data [...]
SEOUL, Oct. 17 (Korea Bizwire) — “Tteokbokki,” a popular Korean snack made from rice cakes and red chili pepper sauce, has been voted the No. 1 food to lift people’s spirits during the ongoing coronavirus pandemic, Seoul city government said Saturday. In an online survey in September, the government asked people to name their favorite [...]
SEJONG, Oct. 16 (Korea Bizwire) — South Korea lost about 392,000 jobs in September, marking a decline in the number of the employed for the seventh consecutive month, as the coronavirus pandemic hammered job markets, data showed Friday. The country’s jobless rate rose by 0.5 percentage point on-year to 3.6 percent in September, with the [...]
SEJONG, Oct. 15 (Korea Bizwire) — The number of people aged 65 or older in South Korea is expected to account for 30 percent of the population in 2035, a report showed Thursday, highlighting concerns that the fast-aging demographic transition could pose a drag on the country’s economy. According to the report by Statistics Korea, [...]