SEOUL, Feb. 7 (Korea Bizwire) — South Korea remained the biggest consumer of antibiotics in 2016, topping the list among member states of the Organization for Economic Cooperation and Development (OECD), health records showed Wednesday. The defined daily dose (DDD), a measure of usage for antibiotics, was 34.8 in South Korea, meaning 34.8 out of [...]
SEOUL, Feb. 6 (Korea Bizwire) — Recent market analysis has revealed that women in their 20s and 30s comprise nearly half the consumer base for Korean traditional alcoholic beverages. From July to December (2017), women between the ages of 20 and 39 were responsible for 49.7 percent of online traditional liquor sales (9.7 percent by [...]
SEOUL, Feb. 5 (Korea Bizwire) — Four out of ten South Korean adults didn’t read a single book last year, but 60 percent don’t feel that their level of reading is lacking. According to the Ministry of Sports, Culture and Tourism’s study on the nation’s reading habits disclosed on February 5, during the one-year period [...]
SEOUL, Feb. 5 (Korea Bizwire) – The academic performance of South Korean students coming from underprivileged backgrounds has retreated over the past nine years, according to the latest findings of the OECD. The percentage of youngsters belonging to the bottom 25 percent socioeconomic stratum who attained scores equating to level 3 or above on 2015′s [...]
SEOUL, Feb. 5 (Korea Bizwire) — The number of foreign students enrolled in South Korea showed a record-high growth rate last year, propelled by a rise in those from China, a tally from a state-run educational body showed Monday. The number of foreign students registered at South Korean universities rose 18.8 percent from a year [...]
SEOUL, Feb. 5 (Korea Bizwire) — South Korea’s oil refiners will continue to import more crude oil from the United States this year as they work to diversify sources away from the Middle East, industry officials said Monday. SK Energy announced it will purchase 3 million barrels of U.S. crude oil in the first quarter [...]
SEOUL, Feb. 5 (Korea Bizwire) — SK Group said Sunday the proportion of exports in its total sales reached a record high last year, on the back of the brisk performance of its energy and chip businesses. South Korea’s third-largest business group booked combined sales of 139 trillion won (US$127.9 billion) in 2017. Overseas sales [...]
SEOUL, Feb. 5 (Korea Bizwire) — South Korean chip exports are expected to continue to post solid growth this year, though its pace may slow down from last year’s exponential expansion, a report showed Sunday. The Korea Institute for Industrial Economics & Trade (KIET) forecast the country’s exports will increase 18.6 percent in 2018, lower [...]
SEOUL, Feb. 5 (Korea Bizwire) — People in their 20s and 30s are the least happy and most anxious among all age groups in South Korea, a survey showed Sunday, reflecting their deepening apprehension in the face of high youth unemployment. The Center for Happiness Studies (CHS) at Seoul National University and KakaoTalk, the country’s [...]
SEOUL, Feb. 1 (Korea Bizwire) — Imports of golf equipment increased more than 10 percent last year, customs data showed Thursday, bucking initial expectations that the popularity of the costly sport would be dampened by a new anti-corruption law. Trade figures obtained by the Ministry of Culture, Sports and Tourism from the customs agency said [...]