SEOUL, April 27 (Korea Bizwire) — Foreign holdings of South Korean stocks reached a 13-month low, as offshore investors rushed for cash amid the prolonged coronavirus uncertainties, data showed Monday. Foreign investors held 468.2 trillion won (US$379.4 billion) worth of stocks traded on the main bourse as of Friday’s close, or 36.83 percent of the [...]
SEOUL, April 25 (Korea Bizwire) — The number of foreign arrivals in South Korea nose-dived nearly 95 percent last month due to the novel coronavirus pandemic, government data showed Saturday. According to the data by the Korea Tourism Organization (KTO), 83,497 foreign people visited South Korea in March, down 94.6 percent from the same period [...]
SEOUL, April 23 (Korea Bizwire) — Computers made the list of South Korea’s top 10 export items again in the first quarter of the year amid the spread of teleworking due to the coronavirus outbreak, data showed Thursday. South Korean exports of computers and related products came to US$3.18 billion in the January-March period, accounting [...]
SEOUL, April 22 (Korea Bizwire) — Credit card loans in South Korea surged nearly 26 percent on-year in March as cash-strapped people rushed to borrow from card firms amid a prolonged coronavirus outbreak, industry data showed Wednesday. New loans extended by seven credit card firms — Shinhan, KB Kookmin, Woori, Hana, Samsung, Hyundai and Lotte [...]
SEOUL, April 22 (Korea Bizwire) — South Korea’s exports of beauty products to Russia jumped nearly ninefold in 2019 from five years earlier on the back of the growing popularity of Korean pop culture, data showed Wednesday. South Korea’s exports of beauty products to Russia reached US$137.3 million in 2019, up from $15.5 million posted [...]
SEOUL, April 21 (Korea Bizwire) — Almost all university students in South Korea are demanding a refund of their tuition fees for the spring semester, a poll said Tuesday, citing poor quality of online lectures currently underway due to the coronavirus. The survey of 21,784 students at 203 universities and colleges found 99.2 percent of [...]
SEOUL, April 20 (Korea Bizwire) — As the monthslong coronavirus pandemic has emptied South Korean theaters, the number of moviegoers in the country dropped to an all-time low in March, data showed Monday. A total of 1.83 million people went to the cinema last month, plunging 87.5 percent from 14.7 million tallied a year ago, [...]
SEOUL, April 20 (Korea Bizwire) — South Korea’s economy is expected to report a 1.81 percent on-quarter contraction in the first quarter of the year, a poll showed Monday, as the coronavirus pandemic crippled industrial output, consumer spending and job markets in Asia’s fourth-largest economy. It would be the sharpest quarterly contraction since the fourth [...]
SEOUL, April 19 (Korea Bizwire) — More than half, or 63.3 percent, of South Koreans oppose an immediate easing of social distancing, a government poll showed Sunday. The results were released in line with the government’s announcement to extend a national social distancing campaign until early May, with eased regulations in some areas. Of those [...]
SEJONG, April 17 (Korea Bizwire) — South Korea reported its first on-year job loss since 2009 in March as the coronavirus pandemic began inflicting damage on the job market, data showed Friday. The nation lost about 195,000 jobs last month, marking the sharpest monthly decline since May 2009, when it lost some 240,000 jobs, according [...]