SEOUL, Aug. 11 (Korea Bizwire) — South Korean households scrambled to pile up cash in the first quarter of the year amid growing uncertainty stemming from the coronavirus pandemic, central bank data showed Tuesday. Cash held by households and nonprofit organizations stood at 90.1 trillion won (US$75.9 billion) as of the end of March, up [...]
SEOUL, Aug. 10 (Korea Bizwire) — The number of foreigners who traveled to South Korea slumped 97.5 percent on-year in June, data showed Monday, highlighting the drastic impact the new coronavirus is having on the local tourism sector. The number of foreigners who visited the country came in at 36,943 in June, compared with 1.48 [...]
SEOUL, Aug. 10 (Korea Bizwire) — The total value of unemployment benefits paid out by the government set a new record for the sixth consecutive month in July, data showed Monday, due largely to the persistent negative economic impact from the coronavirus outbreak. The amount of state allowances paid to those unemployed or seeking jobs [...]
SEOUL, Aug. 10 (Korea Bizwire) — The number of subscribers to 5G mobile networks topped 7 million in June, after the country began to offer the fastest mobile service in April last year, data showed on Monday. The country had 7.37 million 5G users as of June, up 493,101 from the previous month, according to [...]
SEOUL, Aug. 10 (Korea Bizwire) — South Korea’s imports of Japanese consumer goods sank more than 23 percent in July amid a boycott stemming from a bilateral trade dispute, government data showed Monday. Seoul brought in consumer goods worth US$253 million in July, down 23.4 percent from a year earlier, according to the preliminary data [...]
SEOUL, Aug. 8 (Korea Bizwire) — South Korea’s public sector reduced its greenhouse gas emissions by more than 20 percent last year from its target volume, the Ministry of Environment said Saturday. According to the ministry, annual greenhouse gas emissions by 782 government and state-funded institutions amounted to 3.98 million tons of CO2 equivalent in [...]
SEOUL, Aug. 7 (Korea Bizwire) — More than 4 out of 10 South Koreans who enjoy digital games have increased their time spent playing games substantially since the outbreak of the new coronavirus, a survey showed Friday. In a recent survey conducted on 3,084 people aged from 10 to 65 by the state-run Korea Creative [...]
SEOUL, Aug. 5 (Korea Bizwire) — Sales of imported vehicles in South Korea rose 1.7 percent in July from a year earlier on strong sales of German vehicles, an industry association said Wednesday. The number of newly registered foreign vehicles rose to 19,778 units last month from 19,453 a year earlier, the Korea Automobile Importers [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korea’s investment in startups sank more than 17 percent in the first half of the year due to the coronavirus outbreak, government data showed Tuesday. A total of 1.65 trillion won (US$1.38 billion) was invested in promising venture firms and startups in the January-June period, down 17.3 percent [...]
SEOUL, Aug. 3 (Korea Bizwire) — South Korean carmakers’ auto sales fell 9.2 percent last month from a year earlier as overseas demand remained weak amid the new coronavirus outbreak, but their domestic sales spiked 10 percent, industry data showed Monday. The five carmakers in South Korea — Hyundai Motor Co., Kia Motors Corp., GM [...]