SEOUL, Jan. 3 (Korea Bizwire) — The United Arab Emirates (UAE) purchased a net 967 billion won (US$908.6 million) worth of South Korean stocks last November, raising its holdings of local equity by 7.8 percent from a month earlier, data showed Wednesday. The UAE, which held 9.4 trillion won worth of South Korean stocks at [...]
SEOUL, Jan. 2 (Korea Bizwire) — Low-income women and high-income men in South Korea are more likely to be obese, a report showed Tuesday, showing the correlation between body size and income level. The report was released by a team of researchers of the Seoul National University based on 39.09 million people who received medical [...]
SEOUL, Jan. 2 (Korea Bizwire) — The global market for premium televisions sized 75 inches and larger is set to rise sharply in 2018, industry data showed Tuesday, with Samsung Electronics Co. also posting a steep growth. According to the data compiled by industry tracker IHS Markit, the global sales of such televisions is anticipated [...]
SEOUL, Jan. 2 (Korea Bizwire) — People who invested in stocks last year received the highest returns compared with those who betted on real estate, funds, gold and other assets, financial data showed Tuesday. The benchmark KOSPI ended 2017 up 21.76 percent from a year ago. The increase is 15.5 times the 1.4 percent annual [...]
SEOUL, Dec. 29 (Korea Bizwire) – For better or worse, cryptocurrency has become a subject of intense interest this year, as skyrocketing valuations – of Bitcoin in particular – had amateur and experienced investors alike salivating, while the government grew increasingly uneasy over the effect the bull market was having on society at large. Most [...]
SEOUL, Dec. 29 (Korea Bizwire) – South Koreans swapped rice out for noodles once every five days in 2016, per a government study on last year’s noodle consumption. The “noodle” term used in the study does not include “ramyeon” – packaged instant noodles for which the market is so big it is regarded as its [...]
SEOUL, Dec. 29 (Korea Bizwire) — A country with high household debt that raises key interest rates can be affected by a drop in total demand and consumption, a report said Friday. “We’ve found that key interest rate hikes have a great impact on the economic adjustment in a country which has a high degree [...]
SEOUL, Dec. 27 (Korea Bizwire) – Only 53.6 percent of 1,600 youth between the ages of 18 to 34 were in agreement with the statement “we can get better jobs than those of our parents’ generation” in a Ministry of Employment and Labor study on young peoples’ beliefs regarding employment policies. Anxiety over future job [...]
SEOUL, Dec. 27 (Korea Bizwire) — More than three out of every 10 South Korean workers have invested in cryptocurrencies to make a quick buck, a recent survey showed Wednesday. Of the 941 salaried people questioned, 31.3 percent have invested in virtual currencies, according to the survey conducted by online job portal Saramin. The average [...]
SEOUL, Dec. 25 (Korea Bizwie) — South Koreans’ positive perception towards small and medium-sized enterprises (SMEs) was far lower than large conglomerates, a business association said Monday. In an October survey of 1,000 people aged 20 or older, the Korea Federation of SMEs found that their positive perception towards SMEs stood at 51.4 points, down [...]