SEOUL, Sept. 8 (Korea Bizwire) – The number of self-employed people in South Korea has fallen at a far faster pace in 2020 than last year in the wake of the coronavirus outbreak, data showed Tuesday. Asia’s fourth-largest economy had 5.548 million self-employed people as of the end of July, down 127,000 from the same [...]
SEOUL, Sept. 8 (Korea Bizwire) — The amount paid out in jobless benefits fell slightly in August from the previous month while the number of employment insurance subscribers increased at a faster rate, data showed Monday. The signs of improvement in the labor market, however, are unlikely to persist this month as the nation tightened [...]
SEOUL, Sept. 7 (Korea Bizwire) — South Korea’s tourism income hit a 17-year low in the second quarter of this year due to the novel coronavirus pandemic, government data showed Monday. For the April-June period, the country posted US$1.19 billion in tourism income, down 78.6 percent from $5.57 billion over the same period last year, [...]
SEOUL, Sept. 6 (Korea Bizwire) — Three-fourths of large companies in South Korea have no hiring plan or have not confirmed their recruiting scheme for the second half of the year amid the novel coronavirus pandemic, a poll showed Sunday. Half of the companies that responded to the Korea Economic Research Institute’s (KERI) survey answered [...]
SEOUL, Sept. 5 (Korea Bizwire) — The proportion of female lawmakers in South Korea’s parliament, as well as that of female ministers in the Cabinet, has reached an all-time high, data showed Saturday. According to the gender equality ministry and Statistics Korea, 57 women were elected in the April 15 general elections, accounting for 19 [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Koran exports of ice cream swelled more than 11 percent in the first eight months of the year despite a slump in the country’s overall overseas shipments, official data showed Friday. Overseas shipments of South Korean ice-cream products came to US$47 million in the January-August period, up 11.1 [...]
SEJONG, Sept. 3 (Korea Bizwire) — Online shopping jumped 15.8 percent from a year earlier in July, data showed Thursday, as the coronavirus pandemic prompted more shoppers to buy goods via e-commerce platforms. The value of online transactions came to 12.96 trillion won (US$10.9 billion) in the month, up 1.76 trillion won from the same [...]
SEOUL, Sept. 3 (Korea Bizwire) — South Korea’s outbound shipments of agricultural products rose nearly 5 percent on-year in the first eight months of 2020, data showed Thursday, helped by the rising demand for instant products amid the new coronavirus pandemic. Exports of agricultural goods, which include processed foodstuffs, reached US$4.8 billion in the January-August [...]
SEOUL, Sept. 3 (Korea Bizwire) — Sales of imported vehicles in South Korea jumped 21 percent in August from a year earlier due to strong demand for German cars, an industry association said Thursday. The number of newly registered foreign vehicles rose to 21,894 units last month from 18,122 a year earlier, the Korea Automobile [...]
SEOUL, Sept. 2 (Korea Bizwire) – South Korean carmakers’ vehicle sales fell 11 percent last month from a year earlier as the new coronavirus outbreak continued to affect consumer sentiment, industry data showed Tuesday. The five carmakers in South Korea — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and [...]