SEOUL, July 30 (Korea Bizwire) — Retail sales in South Korea expanded 4.6 percent in June from a year earlier despite the new coronavirus pandemic as more people purchased groceries and home appliances through online platforms, data showed Thursday. The combined sales of 26 major offline and online retailers reached 11.14 trillion won (US$9.32 billion) [...]
SEJONG, July 29 (Korea Bizwire) — South Korea has recorded no “meaningful” excess mortality during the coronavirus pandemic, official data showed Wednesday. A total of 3,213 more people than usual have died in South Korea since January, according to the data released by Statistics Korea. However, Statistics Korea said there has been no “meaningful excess [...]
SEOUL, July 29 (Korea Bizwire) — The number of South Koreans heading to beaches more than halved over the past two months amid the new coronavirus pandemic, data showed Wednesday, but the figure is poised to rebound in August as more people spend their vacations at home instead of abroad. Some 250 beaches here saw [...]
SEOUL, July 29 (Korea Bizwire) — South Korea’s large businesses have cut nearly 12,000 jobs in the wake of the coronavirus outbreak, a corporate tracker said Wednesday. According to data from CEO Score, the number of subscribers to the country’s state pension fund at 498 large corporations fell by 11,880 between February and June. The [...]
SEOUL, July 28 (Korea Bizwire) — South Koreans are estimated to spend 25 hours and 40 minutes on the video-sharing website YouTube every month, industry data showed Tuesday. In total, local YouTube users spent a combined 864 million hours on the website in June, up 25.9 percent from the same period a year earlier, according [...]
SEJONG, July 28 (Korea Bizwire) — About 67 percent of South Korean senior citizens want to keep working until the age of 73 on average, data showed Tuesday. The data from Statistics Korea showed that 9.62 million, or 67.4 percent, of the 14.27 million South Koreans aged between 55 and 79 said they want to [...]
SEOUL, July 27 (Korea Bizwire) — Estimated financial losses caused by the new coronavirus in the areas of culture, sports and tourism in South Korea have reached over 7 trillion won (US$5.84 billion), according to the government Monday. In a report submitted to the National Assembly’s culture, tourism and sports committee, the culture ministry estimated [...]
SEOUL, July 27 (Korea Bizwire) — Duty-free sales rose for the second straight month in June, but their sales still remained half of pre-pandemic figures, industry data showed Monday. Combined sales at duty-free shops in South Korea reached 1.11 trillion won (US$923 million) in June, up 9.3 percent from a month earlier, according to the [...]
SEOUL, July 27 (Korea Bizwire) — South Korea’s auto output sank nearly 20 percent to an 11-year low in the first half of the year due to the coronavirus outbreak, industry data showed Monday. Industry leader Hyundai Motor Co. and four other automakers produced 1.63 million vehicles in the January-June period, down 19.8 percent from [...]
SEJONG, July 24 (Korea Bizwire) — Only one-third of people with disabilities had jobs last year, data showed Friday, underscoring the employment challenges facing disabled people. The employment rate of disabled people stood at 34.9 percent in 2019, compared with the rate of 60.9 percent for the total population, according to the data from Statistics [...]