SEOUL, April 10 (Korea Bizwire) — Telecommuting has been rapidly spreading among South Korea’s small and midsized companies, as well as among their larger counterparts, as part of their efforts to combat the coronavirus outbreak, the Ministry of Employment and Labor said Friday. The ministry said a total of 2,602 small businesses had applied for [...]
SEOUL, April 10 (Korea Bizwire) — Online credit card spending in South Korea soared more than 22 percent in March, as consumers avoided going out due to the spread of the novel coronavirus, data showed Friday. Online credit card purchases approved by the country’s eight card firms — Shinhan, Samsung, KB Kookmin, Hyundai, BC, Lotte, [...]
SEOUL, April 9 (Korea Bizwire) — Most South Koreans believe that it’s necessary to use electronic wristbands to keep track of those under self-quarantine as the country aggressively moves to curb the spread of the novel coronavirus, opinion polls showed Thursday. In a survey of 1,000 adults nationwide, commissioned by the Ministry of Culture, Sports [...]
SEOUL, April 9 (Korea Bizwire) — South Korea’s tourism industry took a big hit from the novel coronavirus in February due to a reduction in both inbound and outbound tourism, industry data showed Thursday. Asia’s fourth-largest economy registered a tourism deficit of US$365.2 million in February, down from $927.6 million the previous month, according to [...]
SEOUL, April 8 (Korea Bizwire) — Most South Koreans support the social distancing campaign to fend off the coronavirus, though three in 10 feel its side effects, a poll showed Wednesday. The survey by the Asian Citizen’s Center for Environment and Health, a nongovernmental organization, also found citizens in an overwhelming number are positive toward [...]
SEOUL, April 8 (Korea Bizwire) — Nearly 6 in 10 South Koreans are in favor of emergency relief funds over the coronavirus outbreak being paid to the entire nation, instead of just the bottom 70 percent income group as proposed by the government, a poll showed Wednesday. According to a survey of 500 adults nationwide, [...]
SEOUL, April 8 (Korea Bizwire) — South Koreans spent an average of two hours per day searching for coronavirus information in March amid a surge in the number of cases, a poll showed Wednesday. The survey, taken by a research team from Yonsei University in Seoul, also showed that those who were in self-quarantine put [...]
SEOUL, April 8 (Korea Bizwire) — South Korea’s exports of gold surged to over a seven-year high in February as demand for safer assets increased amid a market rout triggered by the new coronavirus, the Bank of Korea (BOK) said Wednesday. Outbound shipments of gold for non-monetary use came to some US$290 million in the [...]
SEOUL, April 6 (Korea Bizwire) — More South Korean people dined out and visited outlets and parks over the weekend, although the country has been preaching a strict social distancing campaign to curb the outbreak of the new coronavirus, data showed on Monday. According to mobile big data collected by health authorities, people’s movement rose [...]
SEOUL, April 6 (Korea Bizwire) — The South Korean online movie streaming service market expanded 32.7 percent last year from a year earlier on the back of rising demand for binge-watchable mobile platforms, a report showed Monday. According to the annual report published by the Korean Film Council (KOFIC), the total revenue of the over-the-top [...]