SEOUL, June 22 (Korea Bizwire) — South Korea’s shipbuilders, led by Hyundai Heavy Industries Co., suffered from a sharp drop in new orders in the first five months of the year, falling sharply short of their annual order targets due to the coronavirus outbreak and a drop in oil prices, the companies’ data showed Monday. [...]
SEOUL, June 22 (Korea Bizwire) — South Korean businesses struggled to stay afloat amid new coronavirus-caused slump in the first quarter, either by borrowing more money or selling their assets to secure much-needed liquidity, a report showed Monday. According to the report from the Korea Economic Research Institute (KERI), the outstanding debt owed by 623 [...]
SEOUL, June 21 (Korea Bizwire) — South Korea’s household debt to the gross domestic product grew at the fastest pace among 43 countries in the world last year, leading the country’s overall private-sector debt to also expand at one of the biggest rates, data showed Sunday. The ratio of the country’s household debt to GDP [...]
SEOUL, June 20 (Korea Bizwire) — Church attendance and giving in South Korea have been sharply reduced due to the coronavirus pandemic, a survey showed on Saturday. In the survey of 1,135 member pastors of the General Assembly of Presbyterian Church in Korea, 68.8 percent said church donations have decreased due to COVID-19, while 30.1 [...]
SEOUL, June 20 (Korea Bizwire) — One out of 10 teenagers in South Korea has experienced a form of sexual inducement online, such as being asked to provide a video of their body, over the past three years, a poll showed Saturday, indicating many youths are vulnerable to sexual exploitation. In the survey of 6,423 [...]
SEOUL, June 19 (Korea Bizwire) — A majority of South Koreans think discrimination and human rights violations in the country are serious, a survey showed Friday. The National Human Rights Commission of Korea unveiled the results of its first annual survey on human rights conditions in the country, conducted with 13,077 adults across the country [...]
SEOUL, June 18 (Korea Bizwire) — More than three out of every 10 South Koreans believe it is unnecessary to have kids even after marriage, while parents spend nearly US$300 a month on private education for each student in grades 12 or below, a report from the statistics office showed Thursday. According to the report, [...]
SEOUL, June 18 (Korea Bizwire) — Purchases made through mobile gadgets like smartphones in South Korea reached a record high in the first quarter of the year due to the novel coronavirus pandemic, a report showed Thursday. The total value of mobile shopping transactions reached a fresh high of 24.79 trillion won (US$20.3 billion) in [...]
SEOUL, June 17 (Korea Bizwire) — Samsung Electronics Co. recaptured the top spot in the Southeast Asian smartphone market in the first quarter of the year by edging out its Chinese rivals, a report showed Wednesday. Samsung’s market share in Southeast Asia stood at 18.9 percent in the January-March period, according to market tracker Counterpoint [...]
SEOUL, June 17 (Korea Bizwire) — South Korea’s cosmetics-related trade surplus surpassed the 6 trillion-won mark (US$4.9 billion) for the first time in 2019, data showed Wednesday. The trade surplus of locally made beauty products came to 6.15 trillion won last year, up 12.4 percent from 5.47 trillion won tallied the previous year, according to [...]