SEOUL, Oct. 3 (Korea Bizwire) — The number of South Korean teens suffering from gambling addiction exploded at an alarming rate over five years from 2015, according to an opposition lawmaker Saturday. According to data from the state-run Korea Center on Gambling Problems, which was released by Rep. Bae June-young of the main opposition People [...]
SEOUL, Oct. 2 (Korea Bizwire) — Retail sales of Hyundai Motor Co. in the United States rose 7 percent in the third quarter from a year earlier on rising demand for its sport utility vehicles (SUVs), the carmaker’s U.S. unit said Friday (Korean time). Hyundai sold a total of 170,838 units stateside in the July-September [...]
SEOUL, Oct. 1 (Korea Bizwire) — Online ads for unauthorized pharmaceutical sales over the internet have increased substantially in recent years, according to a lawmaker Thursday. The number of reported cases of illegal online ads for prescription drugs reached 37,343 as of 2019, up 49.8 percent from 2016, Rep. Ko Young-in of the ruling Democratic [...]
SEOUL, Sept. 30 (Korea Bizwire) — South Koreans’ direct purchases from overseas online malls more than doubled in the past five years in terms of value, a ruling party lawmaker said Wednesday. Rep. Park Hong-geun of the ruling Democratic Party said the number of Koreans’ overseas online direct buying jumped to 42.99 million in 2019 [...]
SEOUL, Sept. 30 (Korea Bizwire) — Four out of 10 Seoul residents believe their mental health has deteriorated due to the coronavirus outbreak, a poll showed Wednesday. In the poll of 3,983 citizens in their teens to 80s, 40 percent, or 1,489, said their mental health has worsened since the COVID-19 outbreak erupted early this [...]
SEOUL, Sept. 30 (Korea Bizwire) — The image of the Demilitarized Zone separating South and North Korea is associated more with war this year than last year, a local research institute said, as the inter-Korean peace process has stalled. The Gyeonggi Research Institute, a think tank run by the government of Gyeonggi Province, said that [...]
SEOUL, Sept. 29 (Korea Bizwire) — Retail sales in South Korea moved up 6.6 percent in August from a year earlier due to a sharp rise in online sales amid the new coronavirus pandemic, data showed Tuesday. The combined sales of 26 major offline and online retailers reached 11.9 trillion won (US$10 billion) last month, [...]
SEOUL, Sept. 28 (Korea Bizwire) — South Korea’s internet banking services continued to grow in the first half, with the number of users and daily transactions rising to new highs, central bank data showed Monday. The number of internet banking, including mobile banking, came to 164.8 million as of end-June, up 3.5 percent from six [...]
SEOUL, Sept. 28 (Korea Bizwire) — South Korea’s population is rapidly aging as people aged 65 or older account for nearly 16 percent of its population, government data showed Monday. South Koreans in the age group stood at 8.13 million this year, or 15.7 percent of the country’s population, according to the data from Statistics [...]
SEOUL, Sept. 27 (Korea Bizwire) — Insurance agents made up the biggest portion of workers who received emergency relief payouts from the government amid the new coronavirus pandemic, data showed Sunday. Of around 500,000 virus-hit workers and businesspeople who received the government’s relief money, about 87,000 of them were insurance agents, according to the data [...]