SEOUL, Dec. 7 (Korea Bizwire) – Health industry exports of pharmaceuticals, cosmetics, medical equipment will have grown by 14.3 percent compared to last year to reach $11.7 billion when 2017 draws to a close. The Ministry of Health and Welfare disclosed on December 7 that it had derived its estimates from canvassing experts’ opinions as [...]
SEOUL, Dec. 7 (Korea Bizwire) — Major foreign investment banks (IBs) have upgraded their 2018 growth forecasts for the South Korean economy on its strong exports, a report showed Thursday. According to the report by the Korea Center for International Finance, Barclays, Goldman Sachs and seven other foreign IBs have forecast Asia’s fourth-largest economy to [...]
SEOUL, Dec. 6 (Korea Bizwire) – Thanks to advances in healthcare, life expectancy for South Koreans is trending upwards, but longer living has come hand in hand with longer periods of poor health. Last year’s newborns face the highest odds of dying from cancer during their lives. Those that can avoid the disease will live [...]
SEOUL, Dec. 6 (Korea Bizwire) — South Korea’s trade surplus with the United States fell sharply during the first 11 months of this year from a year earlier amid growing pressure from Washington, data showed Wednesday. The U.S. has demanded a revision to a free trade agreement (FTA) with Seoul, which U.S. President Donald Trump [...]
SEOUL, Dec. 6 (Korea Bizwire) – Quick and easy to prepare microwavable meals, also called home meal replacements, are particularly popular among those in their 20s and 30s, research has found. Instant rice like food company CJ’s Hetbahn and frozen dumplings were the two meal replacements most searched for on the Naver search engine’s shopping [...]
SEOUL, Dec. 5 (Korea Bizwire) – Over 56,000 online petitions have been created since President Moon Jae-in, to commemorate his 100th day in office, said the Blue House website would serve as a bulletin board for citizens to post their requests directly to the nation’s highest ranking public servant. So far, seven petitions have accrued [...]
SEJONG, Dec. 5 (Korea Bizwire) — South Korean babies born in 2016 are expected to live more than 82 years as the risk of death has been diminished by medical advances and other developments, a government report showed Tuesday. The life expectancy at birth averaged 82.4 years in 2016, slightly up from the previous year’s [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korea ranked seventh in the world in terms of per capita mobile data usage last year among 41 major economies checked, a report said Tuesday. The average South Korean used 4.6 gigabytes per month in 2016, according to the Digital Fuel Monitor (DFM) report by Rewheel, a Finnish [...]
SEOUL, Dec. 5 (Korea Bizwire) — Three out of 10 shipowning company managers said they are likely to order new ships within the next 12 months, according to an industry report, in a sign that the maritime sector sees light at the end of the tunnel. SMM, the leading international maritime trade fair that takes [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korea’s beer imports in the first nine months of this year soared 50.1 percent from the same period in 2016 amid changes in the country’s drinking culture, data showed Tuesday. Beer imports from January through September came to US$201.68 million, according to the data from the Korea International [...]