SEOUL, Feb. 7 (Korea Bizwire) — A vast majority of South Korean office workers are worried that their company could go belly up, a recent survey has revealed. According to a survey of 315 workers by job portal CareerNet Corp., 75.9 percent of the respondents said they were worried about their employer going bankrupt. When [...]
SEOUL, Feb. 6 (Korea Bizwire) — The number of subway users in South Korea’s capital and nearby metropolitan areas fell 15.3 percent, data showed Thursday, apparently reflecting concerns over the new coronavirus. A total of 37.7 million people used subway lines No. 1 to 8 between Jan. 28-Feb. 2, compared with 44.5 million in the [...]
SEOUL, Feb. 5 (Korea Bizwire) — Sales of imported cars in South Korea fell 3.1 percent in January from a year earlier due to lower demand for Japanese brands amid trade tensions between Seoul and Tokyo, an industry association said Wednesday. The number of newly registered foreign vehicles fell to 17,640 units last month from [...]
SEOUL, Feb. 5 (Korea Bizwire) — Some eight out of ten foreigners around the world positively evaluated the image of South Korea. According to an online survey of 8,000 people in 16 countries, including South Korea, by the Korean Culture and Information Service operating under the Ministry of Culture, Sports and Tourism, 76.7 percent of [...]
SEOUL, Feb. 4 (Korea Bizwire) — South Korea’s tourism industry is expected to take the hardest hit among local businesses here from the outbreak of a new coronavirus as more citizens cancel their overseas trips out of infection concerns, industry data showed Tuesday. According to the country’s largest travel agency HanaTour, a total of 187,000 [...]
SEOUL, Feb. 4 (Korea Bizwire) — More than 85,000 terminally ill South Koreans have chosen to forgo life-prolonging treatment since the legalization of the right to die with dignity two years ago, government data showed Tuesday. The law took effect on Feb. 4, 2018, allowing terminal patients to sign up to forgo a “meaningless extension [...]
SEOUL, Feb. 3 (Korea Bizwire) — South Korea’s ratio of private debt to gross domestic product (GDP) grew at the second-fastest click among major economies in the third quarter of 2019, data showed Monday. Household debt in Asia’s fourth-largest economy accounted for 95.1 percent of the country’s GDP as of end-September last year, up 3.9 [...]
SEOUL, Feb. 3 (Korea Bizwire) — South Korea’s stock market has plummeted nearly 6 percent since the first new coronavirus case was confirmed in the country, data showed Sunday, as the deadly virus is increasingly feared to pose downside risks to the global financial market and economic growth. The benchmark Korea Composite Stock Price Index [...]
SEOUL, Jan. 31 (Korea Bizwire) — More than six out of every ten South Koreans continue to work after retirement, which is high compared to other developed countries. The Credit Suisse Research Institute (CSRI) conducted an online survey in September last year of 1,000 people with voting rights in 16 countries, including South Korea, the [...]
JEJU, Jan. 30 (Korea Bizwire) — The proportion of multicultural marriages on Jeju Island is the highest in the country, a recent report showed. According to data from the Jeju Branch of the Honam Regional Statistical Office, Jeju accounted for 6.6 percent (881 couples) of first-time newly married couples as of 2018. This figure is [...]