SEOUL, July 24 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea fell 12 percent last month from a year earlier on an economic slowdown, an industry association said Friday. The number of newly registered imported commercial vehicles fell to 324 units in June from 366 a year earlier, according to the Korea [...]
SEJONG, July 23 (Korea Bizwire) — The number of beef cattle in South Korea hit a record high in the second quarter of the year amid rising beef prices, government data showed Thursday. There were 3.33 million beef cattle, including Korean-bread cattle known as “hanwoo,” in the country as of June 1, up 2.7 percent [...]
SEOUL, July 22 (Korea Bizwire) — South Korean babies born in 2018 are expected to live over 82 years, two years longer than the Organization for Economic Cooperation and Development’s average, as many take care of their health with regular medical checkups and treatment, data showed Wednesday. The figure remains unchanged from the year before, [...]
SEOUL, July 22 (Korea Bizwire) — South Korea’s exports of kimchi rose sharply in the first half of the year thanks to its growing popularity, data showed Wednesday. Overseas shipments of kimchi came to 20,259 tons in the January-June period, accounting for 68.3 percent of full-year exports in 2019, according to the data from the [...]
SEOUL, July 21 (Korea Bizwire) — Apartment prices in Seoul have risen the most during President Moon Jae-in’s term compared with previous administrations, a report by a civic group showed Tuesday. The average price of 82.6-square-meter apartment flats in the capital rose by 450 million won (US$375,438) on average during the first three years of [...]
SEOUL, July 20 (Korea Bizwire) — South Korea’s mail volume fell at the biggest-ever pace in the first half of the year as the coronavirus outbreak sharply reduced demand, data showed Monday. Mail volume in Asia’s fourth-largest economy came to 1.59 billion pieces during the January-June period, down 8.9 percent from a year earlier, according [...]
SEJONG, July 20 (Korea Bizwire) — The employment rate for people in their 40s in South Korea hit a 21-year low in June as the coronavirus pandemic hammered job markets, data showed Monday. According to the data from the nation’s statistics agency, the employment rate for 40-somethings stood at 76.9 percent last month, marking the [...]
SEOUL, July 20 (Korea Bizwire) — South Korean households’ debt is one of the world’s highest when compared to the country’s economic size while its debt grew at one of the highest rates in the first three months of the year, a report showed Monday. As of end-March, South Korea’s household debt came to 97.9 [...]
SEOUL, July 20 (Korea Bizwire) — The number of human immunodeficiency virus (HIV) infections among adolescents in South Korea has been rising in recent years, a report said Monday, stressing the need for state efforts to stem the trend. South Korea reported 469 new HIV patients in their 10s and 20s in 2019, up sharply [...]
SEOUL, July 20 (Korea Bizwire) – Three-fourths of large companies in South Korea are resorting to flextime in the wake of the coronavirus pandemic, a poll showed Monday. According to the survey of 120 big businesses concerned, 75 percent of the respondents said they have newly adopted or expanded flextime due to the COVID-19 outbreak. [...]