SEOUL, July 19 (Korea Bizwire) — South Korean imports of beer fell for the first time last year in a decade, largely on a nationwide boycott of Japanese products amid a yearlong trade dispute, data showed Sunday. Imports of beer stood at 360,000 tons in 2019, down 7.2 percent from 387,000 tons a year earlier, [...]
SEOUL, July 19 (Korea Bizwire) — South Korea’s exports of ice cream to Vietnam jumped 30 percent in 2019 from a year earlier on the back of the growing popularity of Korean culture in Southeast Asia, data showed Sunday. Outbound shipments of ice cream to Vietnam reached US$7 million in 2019, rising sharply from $5.3 [...]
SEJONG, July 16 (Korea Bizwire) — The number of South Korean overseas travelers and foreign visitors slightly fell last year as fewer people entered the country, data showed Thursday. The number of international migrants, referring to those who spend 90 days or more in South Korea, stood at 1.46 million people in 2019, down 0.9 [...]
SEOUL, July 16 (Korea Bizwire) — Foreigners who traveled to South Korea last year to consume K-pop goods and content were estimated to have spent US$1,007 on average, according to a report Thursday. In its latest tourism industry analysis report, the state-run Korea Tourism Organization (KTO) estimated that some 1.11 million foreigners came to South [...]
SEOUL, July 15 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. saw their standings sharply rise in global electric vehicle sales in the January-May period, a market research firm said Wednesday. Hyundai Motor ranked sixth in EV sales in the first five months from ninth in the year-ago period, while Kia’s [...]
SEJONG, July 15 (Korea Bizwire) — South Korea lost about 352,000 jobs in June, marking the fourth consecutive monthly decline in the number of employed people as the coronavirus pandemic hammers job markets, data showed Wednesday. The country’s jobless rate rose by 0.3 percentage point on-year to 4.3 percent in June, and the number of [...]
SEOUL, July 15 (Korea Bizwire) — Estimated financial losses caused by the new coronavirus in South Korea’s arts and culture industry reached nearly 150 billion won (US$124.9 million) during the first half of 2020, a report showed Wednesday. In a report assessing the financial damage in the culture industry during the January-June period, the Korea [...]
SEOUL, July 14 (Korea Bizwire) — One in two young South Koreans quits their first job after less than one year in search of better-paying and more stable employment, a report showed Tuesday. The report published by the Korean Labor Economic Association also found only one in 10 young people work for more than four [...]
SEOUL, July 14 (Korea Bizwire) — Payments made with cards here began to drop shortly after the country confirmed the new coronavirus outbreak in late January, central bank data showed Tuesday, in what could be another data backing reduced spending amid the pandemic. Between February and May, the overall amount of payments made with cards [...]
SEOUL, July 14 (Korea Bizwire) — South Korea’s exports of automobiles dropped 33.4 percent in the first six months of 2020 from a year earlier, due mainly to the new coronavirus pandemic that has strained global business activities while weighing on consumers’ sentiment, data showed Tuesday. Local carmakers shipped 826,710 units of cars overseas in [...]