SEOUL, Sept. 13 (Korea Bizwire) — Foreign investors offloaded South Korean stocks and bonds worth US$3.25 billion in August due to security jitters and profit-taking, the central bank said Wednesday. Foreign investors sold local stocks and bonds worth $1.33 billion and $1.91 billion, respectively, the Bank of Korea (BOK) said. It marked the first sell-off [...]
SEOUL, Sept. 13 (Korea Bizwire) — More than 1.1 million people are expected to travel abroad during the 10-day Chuseok holiday, which begins late this month, industry sources said Wednesday. Incheon International Airport Corp. said 980,000 people took overseas trips between April 29 and May 9 this year when many took three days of leave [...]
SEOUL, Sept. 13 (Korea Bizwire) — Exports of South Korean beauty products to Southeast Asian countries soared 31.6 percent last year, amid surging demand for skin care and makeup items, a report showed Wednesday. The outbound shipments of Korean cosmetics products to the 10-member Association of Southeast Asian Nations (ASEAN) reached US$406 million in 2016, [...]
SEOUL, Sept. 11 (Yonhap) — South Korea was one of the smallest investors in families among member states of the Organization for Economic Cooperation and Development (OECD) in 2013, a report showed Monday. The country allocated 1.13 percent of its gross domestic product (GDP) to family benefits spending, and therefore ranks 32nd among 35 OECD [...]
SEOUL, Sept. 11 (Korea Bizwire) – According to Simon Baptist, Chief Economist at the Economist Intelligence Unit, by 2050, South Korea, Canada and Italy may find themselves firmly entrenched outside the global GDP top-10 list. Baptist attributes this change partly to the projected rise of India, with its growing population and migration to urban areas [...]
SEOUL, Sept. 11 (Korea Bizwire) – Amid a growing number of juvenile crimes in the country, a new poll has revealed that 9 in 10 South Koreans back legal reforms to introduce stricter punishment for teenage criminals. According to a poll conducted by Realmeter with a sample of 514 adults released on Friday, nearly 65 percent [...]
SEOUL, Sept. 11 (Korea Bizwire) — The World Health Organization (WTO) has recommended South Korea to adopt more stringent regulations to ban cigarette smoking in public places and restrict tobacco advertising and promotions. The WTO has been issuing the outcome of the MPOWER project assessing the implementation of monitoring, protecting, offering help, warning, enforcing bans [...]
SEOUL, Sept. 11 (Korea Bizwire) — Foreign investors hold more than half of electric and electronics shares listed on South Korea’s main stock market, data showed Monday. Foreign ownership of those stocks traded on the Korea Composite Stock Price Index (KOSPI) market came to 51.2 percent of their total market capitalization as of Wednesday, the [...]
SEOUL, Sept. 7 (Korea Bizwire) — South Korea is expected to see the number of single senior household heads jump in the future and exceed 1 million in about a quarter-century, a government agency said Thursday. According to Statistics Korea, the number of unmarried household heads aged 65 and older is forecast to increase steadily [...]
SEOUL, Sept. 6 (Korea Bizwire) – Average incomes for dual-income and single-income households between April and June, at 5.47 million won and 3.69 million won, respectively, are the closest they have been since the fourth quarter of 2015 (October through December) according to figures provided by Statistics Korea. Dual-income households earned only 1.48 times what [...]