SEOUL, Aug. 7 (Korea Bizwire) — A Japanese state textbook shows that the country hadn’t laid a territorial claim to Dokdo, a group of small islets in the East Sea, at least until in the late 19th century, in the latest piece of evidence that gives an upper hand to Korea in the territorial dispute [...]
SEOUL, Aug. 6 (Korea Bizwire) — South Korea’s per capita gross domestic (GDP) is expected to edge past Italy’s in 2018, the government predicted Sunday, based on growth forecast data. The prediction, if it is met, will place the country’s per capita GDP at slightly more than US$30,000 and just over that of the European [...]
SEOUL, Aug. 6 (Korea Bizwire) — The number of South Koreans traveling to China plunged from April through June of this year amid the diplomatic row over Seoul’s decision to deploy U.S. anti-missile defense systems on its soil, tourism industry data showed Sunday. The total visitors going to China fell by 50 to 60 percent [...]
SEOUL, Aug. 6 (Korea Bizwire) — Warmer climate and urban development has caused a spike in the number of cockroaches being caught in South Korea, a local pest control company said Sunday. According to Cesco, it counted over 2.39 million cockroaches in 2016, up a sharp 18.1 percent from around 2.02 million in the previous [...]
SEOUL, Aug. 5 (Korea Bizwire) — A research team at Pusan University recently reported the results of an investigation into the presence of drug residue at three sewage treatment plants near popular beaches. Various drugs, including methamphetamine, were detected in sewage treatment plants near well-known beaches popular among vacationers. The research findings revealed that the [...]
SEOUL, Aug. 5 (Korea Bizwire) — The term ‘anxiety disorder’ refers to a mental disorder which interferes with daily life due to abnormal and pathological anxiety and fear. According to the Ministry of Health and Welfare’s 2016 Mental Illness Epidemiological Survey, the lifetime prevalence rate of anxiety disorders among South Koreans was 9.3 percent, which [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korea’s real estate investors may move their money to the stock market following tough government measures to cool the overheating housing market, analysts said Friday. In a desperate bid to rein in soaring apartment prices, the government unveiled a package of measures Wednesday, including the designation of areas [...]
SEOUL, Aug. 4 (Korea Bizwire) – Credit-card spending by individuals rose 11.2 percent on-year in the second quarter, as a long holiday and hot weather boosted demand for air conditioners and other consumer goods, industry data showed Friday. According to the data by the Credit Finance Association, credit-card spending by individuals stood at 150 trillion [...]
SEOUL, Aug. 2 (Korea Bizwire) — The sales of small-sized food products jumped in the first half of this year on rising demands from one-person households, industry data showed Wednesday. According to E-Mart Inc., South Korea’s largest discount chain operator, sales of small fruit containers rose 71.9 percent on-year in the January-July period. Auction, a [...]
SEOUL, Aug. 2 (Korea Bizwire) — One out of every 10 workers at South Korea’s top 30 business groups were irregular workers as of end-March this year, with the rate highest at construction firms, research data showed Wednesday. According to an analysis by corporate tracker CEO Score of 360 companies who have over 300 full-time [...]