SEOUL, Mar. 15 (Korea Bizwire) — The obesity rate among South Korea’s primary and secondary school students has been gradually increasing due largely to excessive studying, lack of sleep and physical activity and the consumption of more unhealthy food, government data said Thursday. According to the Education Ministry’s 2017 student health statistics, the portion of [...]
SEOUL, Mar. 14 (Korea Bizwire) — Fewer tickets were sold for South Korean movies last month than any February since 2010, data showed Wednesday. According to a report from the Korean Film Council on the domestic film industry’s performance in February, 6.99 million tickets were sold for Korean films. It was a 21.5 percent drop [...]
SEOUL, March 13 (Korea Bizwire) — Income polarization deepened in 2017 with high income earners making more while low income earners brought in less. In addition, while individual income fluctuated by small margins, average household income and consumption fell. These conclusions were derived from a report published by Shinhan Bank that conducted research on the [...]
SEOUL, Mat. 13 (Korea Bizwire) — The amount of online shopping transactions rose sharply in South Korea in January this year from a year earlier, with purchases made using mobile gadgets rising faster than transactions carried out on personal computers, government data showed Tuesday. Online transactions, excluding the services industry, soared 20.9 percent on-year to [...]
SEOUL, Mar. 12 (Korea Bizwire) — One out of every 6 South Korean adults are suspected to suffer from sleep apnea, a sleep disorder that can cause various diseases, a study showed Monday. The study showed that 15.8 percent of the 2,740 adults surveyed said they experience the disorder, which is characterized by pauses in [...]
SEOUL, Mar. 12 (Korea Bizwire) – The number of sexual abuse cases has been sharply increasing in South Korean schools, data showed Sunday, reflecting the urgency to come up with viable measures to protect victims. According to data compiled by the Seoul Metropolitan Office of Education, there were 385 reported cases of sexual abuse in [...]
SEOUL, Mar. 12 (Korea Bizwire) — Smart contracts based on blockchain technology can effectively prevent delays in payments for delivered goods and make it impossible to unilaterally alter original contracts, a local think tank said Sunday. The report by Korea Small Business Institute (KOSBI) said blockchains can open new horizons for how small and medium [...]
SEOUL, March 5 (Korea Bizwire) — The number of people in their 30s who were newly employed in the public sector fell in 2016 from the previous year, government data showed Monday, despite the government and state-run companies lifting the age limit for new recruits. The figure fell 13.8 percent to 63,000 in 2016 from [...]
SEOUL, Mar. 5 (Korea Bizwire) — U.S. beef imports shot up significantly last year, beating Australian meat to regain its No. 1 status in the South Korean market for the first time in 14 years, industry data showed Monday. South Korea imported 177,000 tons of U.S. beef last year, up 13.5 percent from 156,000 tons [...]
SEOUL, Mar. 5 (Korea Bizwire) — Chinese investors turned net buyers of South Korean stocks in 2017 as Seoul and Beijing mended fences after a row over an advanced U.S. missile shield, data showed Monday. Investors from the neighboring country bought a net 388 billion won (US$358 million) worth of South Korean stocks last year, [...]