SEOUL, Oct. 27 (Korea Bizwire) – Nearly 57 percent of South Koreans continue to live with their parents after growing into young adulthood, according to a new study. Findings from a study cited by senior researcher Oh Ho-young at the Korea Research Institute for Vocational Education and Training (KRIVET) during the Korea Labor Institute’s symposium [...]
SEOUL, Oct. 27 (Korea Bizwire) — Air traffic in South Korea rose slightly in the third quarter on strong demand for outbound travel and increased routes to Southeast Asia, government data showed Friday. A total of 195,355 planes flew into and out of South Korea in the July-September period, up 1.2 percent from a year [...]
SEOUL, Oct. 27 (Korea Bizwire) — Exports by South Korea’s venture startups will likely hit a record US$20 billion this year helped by surging shipments of instrumentation and control devices and semiconductor production equipment to China and Vietnam, industry data showed Friday. The amount reached $14.7 billion for the first nine months this year, up [...]
SEOUL, Oct. 24 (Korea Bizwire) — The U.S. dollar-Korean won exchange rates were the least volatile in three years during the third-quarter of this year, despite rising tension surrounding North Korea, the central bank said Tuesday. The average gap between the daily high and low of the dollar-won exchange rates came to 4.8 won in [...]
SEOUL, Oct. 23 (Korea Bizwire) — A majority of South Koreans support phasing out nuclear energy, a survey showed Monday, as President Moon Jae-in reiterated his commitment to shifting out of nuclear power into safer renewable energy. The Realmeter survey, conducted on 501 adults Friday, found that 60.5 percent back a nuclear phase-out policy while [...]
SEOUL, Oct. 20 (Korea Bizwire) – In the last 34 years, the proportion of GNDI (Gross National Disposable Income) composed of company revenue has grown while the share of household income has shrunk, according to data from the Bank of Korea that was submitted to the National Assembly’s Strategy and Finance Committee. The GNDI is [...]
SEJONG, Oct. 19 (Korea Bizwire) — U.S. citizens possessed half of all real estate owned by foreigners in South Korea, and the southern resort island of Jeju received the most investment under an accommodative visa policy, a parliamentary report showed Thursday. Foreigners held 233.5 million square meters of land nationwide as of the end of [...]
SEOUL, Oct. 18 (Korea Bizwire) — Foreign investors offloaded South Korean stocks and bonds worth US$4.3 billion in September due to profit-taking amid North Korea risks, the central bank said Wednesday. Foreign investors sold local stocks and bonds worth $830 million and $3.47 billion, respectively, the Bank of Korea (BOK) said. It marked the second [...]
SEOUL, Oct. 17 (Korea Bizwire) — Light drinking can raise the risk of cancers for Koreans who have less ability to perform enzymatic alcoholysis compared with Westerners, a local report said Tuesday. The report by Seoul National University Hospital (SNUH) in Bundang, Gyeonggi Province, contradicts the established theory that light drinking can lower cardiovascular disease [...]
SEOUL, Oct. 16 (Korea Bizwire) — Doosan Infracore Co., South Korea’s top construction equipment maker, continued to expand its presence in China’s excavator market, as the world’s No. 2 economy increased spending on infrastructure, industry sources said Monday. According to observers, Doosan Infracore sold a total of 718 excavators in China last month, more than [...]