SEOUL, May 18 (Korea Bizwire) — The number of jobless South Koreans hit a record high in the first four months of the year due mainly to the coronavirus impact, a report showed Monday. Roughly 2.08 million people in the country remained unemployed during the January-April period, according to the report from Rep. Choo Kyung-ho [...]
SEOUL, May 17 (Korea Bizwire) — South Korea’s major business groups increased their spending by 22 percent in the first quarter of the year in the face of the new coronavirus outbreak, industry data showed Sunday. According to the data compiled by industry tracker CEO Score, 373 companies affiliated with 59 business groups spent 21.78 [...]
SEOUL, May 17 (Korea Bizwire) — The number of moviegoers fell to a record low last month as the coronavirus scare has kept people from going to cinemas, data showed Saturday. A total of 970,000 movie tickets were sold in April, plunging 92.7 percent from 13.3 million tallied a year ago, according to data from [...]
SEJONG, May 15 (Korea Bizwire) — South Korea saw a 42-percent plunge in public movement in late February, as the novel coronavirus was ravaging the nation, mobile phone data showed Friday. Public movement sank 41.9 percent on Feb. 29, when the nation reported more than 900 daily infections, compared with the same day a year [...]
SEJONG, May 13 (Korea Bizwire) — South Korea reported the sharpest drop in its April employment since 1999 as the coronavirus pandemic hammered job markets, data showed Wednesday. The number of employed people in South Korea stood at 26.56 million in April, 476,000 people fewer than a year ago, marking the biggest on-year decline since [...]
SEOUL, May 12 (Korea Bizwire) – The number of abandoned animals in South Korea climbed 12 percent on-year to more than 130,000 in 2019 with dogs taking up the bulk, government data showed Tuesday. A total of 135,791 dogs, cats and other pets got deserted or lost last year, compared with 121,077 a year earlier, [...]
SEOUL, May 12 (Korea Bizwire) — Household debt growth in South Korea slowed, but corporate loans spiked by the largest amount in history amid the growing fallout from the new coronavirus outbreak, central bank data showed Tuesday. Fresh bank loans extended to local households came to 4.9 trillion won (US$4 billion) in April, according to [...]
SEOUL, May 12 (Korea Bizwire) — South Korea’s tourism revenue slumped to a nine-year nadir in March due to the impact of the coronavirus pandemic, industry data showed Tuesday. Revenue from inbound travelers reached US$729.8 million in March, down a whopping 67 percent from a year earlier and the lowest since January 2011, according to [...]
SEOUL, May 11 (Korea Bizwire) — The amount of state funds paid out as unemployment benefits soared to nearly 1 trillion won (US$820 million) last month, data showed Monday, due largely to the negative economic impact of the new coronavirus outbreak. According to the Ministry of Employment and Labor, the government paid 993.3 billion won [...]
SEOUL, May 11 (Korea Bizwire) — South Koreans picked the health and welfare sector as the best-performing area under the Moon Jae-in administration over the past three years, a poll showed Monday. In a Realmeter poll of 500 adults, 34.3 percent of respondents picked the health and welfare sector as the area where the Moon [...]