SEOUL, Sept. 6 (Korea Bizwire) — Families of South Korean conglomerates’ heads are on the fast track as they usually get promoted to the executive level in about four years after entering the company, a corporate tracker said Wednesday. Announcing a survey on 185 members of families controlling the 77 leading business groups, CEO Score [...]
SEOUL, Sept. 5 (Korea Bizwire) — A report released by the Korea Customs Service on September 4 revealed that 8,607 of 9,853 counterfeit goods seized were made in China. The yearly report on the black market for counterfeit goods stated that the total number of counterfeit goods seized by the agency declined by 3 percent [...]
JAKARTA, Sept. 5 (Korea Bizwire) — Preparations for K-pop act Super Junior’s comeback are going smoothly, according to its members, with the bulk of the 11-member team having finished their mandatory military duties. “Just until yesterday I practiced our dance choreography with our members. We’re also planning to hold a concert,” Super Junior member Donghae [...]
SEOUL, Sept. 5 (Korea Bizwire) — Male infertility in South Korea rose dramatically in the past five years due to people getting married late, heavy workloads and stress, a local report said Tuesday. The number of male infertility cases surged 55 percent to 61,903 last year from 39,933 in 2011, according to the report by [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korea’s ice cream sales have declined in the past few years in the face of fewer children and the growing popularity of alternatives, such as ice coffee and shaved ice, a report said Tuesday. Per capita annual consumption of ice cream fell to 58 servings in 2015 from [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Koreans’ awareness of mobile payment services ranks high among major advanced and emerging countries, a poll showed Tuesday, as many tech-savvy consumers turn to their smartphones for settlements. According to the survey of 18,180 consumers in 23 countries by global opinion research firm Ipsos, 64 percent of South [...]
SEOUL, Sept. 4 (Korea Bizwire) – A new study has claimed housing prices in Seoul are more expensive than London and Los Angeles, considering the average household incomes in each city. The study released by the Bank of Korea on Sunday shows the average housing price is over 10 times higher than the disposable annual income [...]
SEOUL, Sept. 4 (Korea Bizwire) – A new survey has revealed that nearly nine in ten South Korean middle school and high school students have had their belongings confiscated at least once by school authorities, which a student rights group says is a clear violation of human rights. The shocking findings from a survey conducted by [...]
SEJONG, Sept. 4 (Korea Bizwire) — Corporate mergers and acquisitions (M&As) by South Korean firms more than tripled in the first half of this year as a global economic recovery encouraged companies to expand their business spheres, the antitrust watchdog said Monday. The value of reported M&As reached 41.5 trillion won (US$36.6 billion) in the [...]
SEOUL, Sept. 4 (Korea Bizwire) — Nearly a quarter of salaried workers in South Korea did not use their vacation time from August 2015 through July of last year, a report by a local culture and tourism organization said Monday. The findings, based on a survey of 4,357 people nationwide by the Korea Culture and [...]