SEOUL, Sept. 2 (Korea Bizwire) — South Korea’s imports of coffee expanded more than 5 percent in the first seven months of the year despite the coronavirus outbreak, data showed Tuesday. Imports of coffee stood at 90,355 tons in the January-July period, up 5.37 percent from a year earlier, according to the data from the [...]
SEJONG, Sept. 2 (Korea Bizwire) – More than 3.09 million Korean women live alone, with growing numbers engaged in economic activities, government statistics showed Wednesday. According to Statistics Korea, one-woman households accounted for 50.3 percent of the total 6.14 million single-person households this year. The statistics agency expects the number to continue to rise to [...]
SEOUL, Sept. 1 (Korea Bizwire) – South Korea’s 5G users reached nearly 8 million in July after the country first offered the service in April last year, government data showed Tuesday. As of July, the country had 7.86 million 5G users, up 487,190 from the previous month, according to data compiled by the Ministry of [...]
SEOUL, Aug. 31 (Korea Bizwire) — South Korea’s nonstore retail sales jumped more than 19 percent to a new all-time high in the first half of the year due to the coronavirus outbreak, data showed Monday. Consumer spending through online shopping and other nonstore channels swelled 19.4 percent on-year to 46.2 trillion won (US$39.1 billion) [...]
SEOUL, Aug. 31 (Korea Bizwire) — Deposits in South Korean cash management accounts have surged nearly 20 percent this year to reach a fresh record high, industry sources said Monday. The net asset value of cash management accounts offered by local brokerage houses reached 60.4 trillion won (US$51.1 billion) as of Thursday, up from 51.8 [...]
SEOUL, Aug. 30 (Korea Bizwire) — Retail sales in South Korea advanced 4.4 percent in July from a year earlier as online platforms have enjoyed a spike in demand for groceries and home appliances amid the new coronavirus pandemic, data showed Sunday. The combined sales of 26 major offline and online retailers reached 11.46 trillion [...]
SEJONG, Aug. 28 (Korea Bizwire) — South Korea’s total population inched up last year, but elderly people continued to outnumber children due to a rapid aging trend and a record low birth rate, the national census showed Friday. A total of 51.78 million people lived in South Korea as of Nov. 1, 2019, up 0.3 [...]
SEOUL, Aug. 27 (Korea Bizwire) — The number of international students studying in South Korea fell for the first time in six years in 2020, due mainly to the coronavirus outbreak, government data showed Thursday. According to the data released by the Ministry of Education, there were 153,695 foreign students enrolled at domestic universities and [...]
SEOUL, Aug. 27 (Korea Bizwire) — South Korea’s exports of foodstuffs to Thailand rose 14.7 percent in the first half of 2020, data showed Thursday, on the back of rising demand for ready-to-eat products amid the new coronavirus pandemic. Outbound shipments of foodstuffs to the Southeast Asian country reached US$112 million over the January-June period, [...]
SEOUL, Aug. 27 (Korea Bizwire) — South Koreans’ overseas card spending dropped by the most in more than two decades in the second quarter on a sharp decline in the number of outbound travelers amid the COVID-19 pandemic, central bank data showed Thursday. The amount of money spent overseas by Koreans with cards, including credit [...]