SEOUL, April 16 (Korea Bizwire) — South Koreans’ overseas securities investment soared in the first quarter, largely on hopes that the coronavirus-hit stock prices may rebound down the road, data showed Thursday. The local investors’ transactions of overseas securities in January-March came to US$66.6 billion, up 68.2 percent from the previous quarter, according to the [...]
SEOUL, April 16 (Korea Bizwire) — South Korea’s exports of high-end consumer goods to Southeast Asia has increased sharply since 2010, data showed Thursday, led mostly by their strong demands for cosmetic goods. The country’s exports of high-end consumer goods, which include beauty and fashion items, along with luxury goods, to Singapore have been expanding [...]
SEOUL, April 16 (Korea Bizwire) — Foreign ownership of South Korean land rose 3 percent in 2019 compared with a year earlier, the land ministry said Thursday. Foreigners owned 248.7 square kilometers — slightly more than four times the size of Manhattan — at the end of 2019. It represents 0.2 percent of South Korea’s [...]
SEOUL, April 14 (Korea Bizwire) — Exports of Korean cultural products, including computer games, music, tour programs and cosmetics, soared 22.4 percent last year from a year earlier thanks to the global ascent of Korean culture, a report showed Tuesday. According to the report on the 2019 economic effects of hallyu, or the Korean Wave, [...]
SEOUL, April 14 (Korea Bizwire) — Major South Korean companies’ spending on research and development (R&D) climbed nearly 8 percent in 2019 despite weaker performances, a market tracker said Tuesday. Combined R&D expenditures by 208 out of the top 500 companies by sales came to 53.5 trillion won (US$43.9 billion) last year, up 7.8 percent [...]
SEJONG, April 13 (Korea Bizwire) — Job openings in South Korea fell at the quickest pace in more than eight years in February amid the coronavirus fallout, government data showed Monday. The number of job openings in the country stood at 139,485 at the end of February, down a whopping 63,318 positions from a year [...]
SEOUL, April 13 (Korea Bizwire) — The number of cybercrimes reported to police jumped 20.7 percent from the previous year to more than 180,000 cases in 2019, data showed Monday. Cybercrimes reported to police totaled 180,499 cases in 2019, compared with 149,604 in 2018, according to an annual report compiled by the National Police Agency. [...]
SEOUL, April 13 (Korea Bizwire) — A government poll showed Monday that the global popularity of South Korea as a tourist destination increased for the sixth consecutive year in 2019, thanks to the promotional effects of the country’s globally loved cultural content sector. According to the 2019 poll on the effect of tourism marketing, released [...]
SEOUL, April 13 (Korea Bizwire) – The amount of state allowances paid to those unemployed or seeking jobs soared to a record high of nearly 900 billion won (US$738 million) in March, data showed Monday, due largely to the negative economic impact from the coronavirus outbreak. According to the Ministry of Employment and Labor, the [...]
SEOUL, April 13 (Korea Bizwire) — South Korea saw its trading volume of electricity generated from biomass soar nearly 51 percent in 2019 from a year earlier, data showed Monday. The amount came to 4,199 gigawatt-hours (GWh) last year, up 50.7 percent from the previous year, according to the data by state-run utility firm Korea [...]