SEOUL, Aug. 15 (Korea Bizwire) — South Korea’s electronics industry, including semiconductor manufacturers, has been struggling with a shortage of workers, an industry report showed on Tuesday. The findings, released by the Korea Electronics Association, a business lobby group, raised alarm bells for the future of the industry that accounts for about 33 percent of [...]
SEOUL, Aug. 15 (Korea Bizwire) — South Korea’s health care and beauty-related stores are posting solid growth allowing them to consider expanding operations at home and abroad, industry data showed Tuesday. According to findings released by local retailers, health and beauty (H&B) chain stores like Olive Young, GS Watsons and LOHBs have done well, posting [...]
SEOUL, Aug. 11 (Korea Bizwire) — A new survey has that found four in ten users of the new Kakao Bank online banking app have a monthly salary of over five million won. The survey, conducted by pollster Nice RNC, revealed that among 9,600 users of the banking app aged between 20 and 59, those falling [...]
SEJONG, Aug. 11 (Korea Bizwire) — South Koreans’ direct purchases from foreign countries rose sharply in the first six months of the year on rising demand for cheaper price tags, customs data showed Friday. A total of US$974.1 million worth of foreign goods was directly bought by South Korean shoppers via international shopping malls in [...]
SEOUL, Aug. 10 (Korea Bizwire) — The photo- and video-sharing platform Instagram said Thursday its monthly active users in South Korea surpassed the 10 million mark for the first time in August. The feat came 17 months after the social media said its users in South Korea came to 6 million in March 2016. Instagram [...]
SEOUL, Aug. 9 (Korea Bizwire) — Sixty percent of surveyed adults disapprove of government proposals on lowering telecommunications costs for not meeting their expectations, a consumer advocacy group said Wednesday. A poll by the Green Consumer Network of Korea said 60.2 percent appraised the proposals as inadequate compared with 42.8 percent who felt the move [...]
SEOUL, Aug. 9 (Korea Bizwire) — The number of complaints filed by South Korean consumers who made purchases via foreign online shopping malls increased 46.4 percent in the first half of this year, as more people bought goods directly from overseas sellers attracted by cheaper prices and diversity, data showed Wednesday. The number of complaints [...]
SEOUL, Aug. 8 (Korea Bizwire) — South Korea may be hit hardest if the United States turns up the heat on China over trade issues as Seoul vies fiercely with Beijing for a bigger slice of the U.S. market, a report said Tuesday. The Korea International Trade Association (KITA) claimed in the report that Washington [...]
SEOUL, Aug. 8 (Korea Bizwire) — A majority of part-time workers expect they will be replaced by kiosks due to the rise in minimum wage, with those working at restaurants and cafes expressing the most concern, a portal survey said Tuesday. Alba, a portal for job seekers, asked 644 members between July 27 and Aug. [...]
WASHINGTON, Aug. 7 (Korea Bizwire) — More than 60 percent of Americans are in favor of sending troops to defend South Korea in the event of an attack by North Korea, a survey showed Monday, indicating a strengthened commitment toward the Asian ally. The survey, conducted by the Chicago Council on Global Affairs with support [...]