SEOUL, Nov. 27 (Korea Bizwire) — South Korea’s consumer sentiment slid to a 21-month low in November due to escalating concerns over an economic downturn, a central bank poll showed Tuesday. The composite consumer sentiment index (CCSI) for this month stood at 96.0, down 3.5 points from October, according to the Bank of Korea (BOK). [...]
SEOUL, Nov. 25 (Korea Bizwire) — Earnings by small-scale businesses operated by people over 60 have been falling steadily this year, official data showed Sunday, with the weak economy and excess competition being cited as the main reason for the development. According to data provided by Statistics Korea, the business income of establishments run by [...]
SEOUL, Nov. 23 (Korea Bizwire) — The number of international marriages between a South Korean national and a foreigner inched up last year, ending six consecutive years of decline, government data showed Friday. There were 21,709 international marriages last year, up 1 percent, or 208, from a year earlier, according to the data by Statistics [...]
SEOUL, Nov. 23 (Korea Bizwire) — South Korean adults appear evenly divided over whether to legally ban the slaughter of dogs for meat, according to a poll released Friday. The survey of 501 Koreans older than 19 by local pollster Realmeter showed that 44.2 percent endorsed the enactment of a new law prohibiting the killing [...]
SEOUL, Nov. 23 (Korea Bizwire) — South Korean households’ medical expenses are much higher than the average for members of the Organization for Economic Cooperation and Development despite a continued downturn, data showed Friday. Households’ expenditures accounted for 33.3 percent of South Korea’s total medical expenses in 2016, according to the data from the Korea [...]
SEOUL, Nov. 22 (Korea Bizwire) – The number of foreigners who visited South Korea rose 31.1 percent in October from a year earlier mainly due to a base effect after visits by Chinese nationals plunged in 2017, the local tourism promotion agency said Thursday. A total of 1.53 million foreigners visited South Korea last month, [...]
SEOUL, Nov. 22 (Korea Bizwire) — South Korean manufacturers have been shifting the focus of their overseas direct investment to Vietnam from China thanks to tax benefits, cheaper labor and other favorable conditions, a report said Thursday. Vietnam accounted for 17.7 percent of South Korean manufacturing companies’ total direct overseas investment in 2017, up sharply [...]
SEOUL, Nov. 20 (Korea Bizwire) — The bulk of Vietnamese consumers are positive about the design and image of South Korean goods, but many feel burdened by their high prices, a poll showed Tuesday. The survey of 2,000 Vietnamese people, taken by the Ho Chi Minh City office of the Korea International Trade Association (KITA), [...]
SEOUL, Nov. 15 (Korea Bizwire) — The turnover rate of deposits in South Korea hit a near 32-year low in September, central bank data showed Thursday, indicating that money circulation is clogged in Asia’s fourth-largest economy. The turnover rate of demand deposits came to 16.4 times for September, the lowest since January 1987, when the [...]
SEOUL, Nov. 13 (Korea Bizwire) — A new survey has found that 1 out of 3 Seoulites perceive themselves as living in extreme isolation from society. According to an online survey conducted by the Seoul Metropolitan Government between October 1 and 15, 28.8 percent of 1,000 Seoul residents (288 individuals) between the ages of 20 [...]