SEOUL, Nov. 20 (Korea Bizwire) — South Korea saw shipments of electronic cigarettes soar this year on their growing popularity among smokers amid a tumble in sales of conventional tobacco, government data showed Sunday. According to the data from the finance ministry, shipments of electronic cigarettes, including Phillip Morris’ IQOS and British American Tobacco’s Glo, [...]
SEOUL, Nov. 20 (Korea Bizwire) — The South Korean market for instant meals reached 2.2 trillion won (US$2 billion) last year mainly on the back of increased sales of ready to eat meals, a report showed Sunday. According to the report by the Ministry of Agriculture, Food and Rural Affairs and the Korea Agro-Fisheries and [...]
SEOUL, Nov. 20 (Korea Bizwire) — The median price of a house in Seoul is higher than that of Tokyo, a parliamentary report showed Sunday. The findings by the National Assembly Research Service (NARS) released by Rep. Park Kwang-on showed that the price of a typical home in Seoul is on average 100 million won [...]
SEOUL, Nov. 17 (Korea Bizwire) — Capital spending among chipmakers is expected reach US$90.8 billion this year, an industry tracker said Friday, with South Korea’s Samsung Electronics Co. leading the pact. According to the data compiled by IC Insights, Samsung Electronics’ annual facility investment for this year is estimated at $26 billion, accounting for more [...]
SEOUL, Nov. 17 (Korea Bizwire) — Young men living alone are at a greater risk of committing suicide while their female counterparts are more prone to unhealthy habits like smoking and drinking, a report said Friday. A research team at Asan Medical Center analyzed the mental and other health patterns of 3,381 people (1,209 men, [...]
SEOUL, Nov. 16 (Korea Bizwire) –South Korean listed firms’ dividend payouts to foreign investors jumped more than 20 percent in the first nine months of the year due mainly to increased earnings, central bank data showed Thursday. Local listed companies paid foreign investors US$14.09 billion in dividends in the January-September period, up 20.5 percent from [...]
SEOUL, Nov. 14 (Korea Bizwire) – Cases of unfair hiring practices have been experienced or witnessed by at least half of all salaried workers, with 13.1 percent even being on the receiving end of requests for “favors”, according to job recruitment web service Incruit. The results were generated from a questionnaire answered by 283 Incruit [...]
SEJONG, Nov. 14 (Korea Bizwire) — South Korea’s rice output fell to the lowest level in nearly 40 years in 2017 amid the government’s efforts to tackle the yearslong oversupply of the staple grain, data showed Tuesday. The country’s rice production reached 3.97 million tons this year, down 5.3 percent from 4.2 million tons produced [...]
SEOUL, Nov. 13 (Korea Bizwire) – With new breakthroughs in artificial intelligence, self-driving cars, and other next generation technologies seemingly unveiled every other day, the potential impact of these innovations has drawn a line between optimists and pessimists, with the latter found to outnumber the former by a considerable margin, at least in South Korea. [...]
SEOUL, Nov. 13 (Korea Bizwire) — South Koreans give themselves low scores on overseas travel etiquette and are most ashamed of being noisy in public places, a survey said Monday. A poll conducted by Hankook Research on behalf of the Korea National Tourism Organization said South Koreans rated themselves 2.75 out of five on their [...]