SEOUL, Jul. 16 (Korea Bizwire) — The value of South Korea’s overseas investment funds has jumped more than 40 percent over the past year as big-time investors look overseas for high returns despite the recent bull of the domestic stock market, data showed Sunday. According to the data by the Korea Financial Investment Association, the [...]
SEOUL, Jul. 16 (Korea Bizwire) — The number of unemployed college graduates in South Korea hit a record in the second quarter amid tightened job markets for young adults, government data showed Saturday. The number of jobless people with a bachelor’s degree and above reached 546,000 in the April-June period, up 11.8 percent from a [...]
SEOUL, Jul. 14 (Korea Bizwire) — College students again picked Samsung Electronics as the company they most want to work for, especially males, a tally from a job portal showed Friday. Job Korea surveyed 2,571 students enrolled in universities nationwide, and the results showed 17.7 percent of them wanted employment with the tech titan. Respondents [...]
SEOUL, Jul. 14 (Korea Bizwire) — China’s consumer market that once offered vast opportunities for South Korean exporters has become less penetrable as Chinese firms make goods that compete with imports, industry data showed Friday. Samsung Electronics, which in 2012 ousted Apple Inc. to hold the top market share for smartphones in China, fell to [...]
SEOUL, Jul. 13 (Korea Bizwire) — South Korean women tend to consider themselves chubbier than they actually are while men are inclined to think the opposite, a survey showed Thursday. About 20 percent, or 5,002 women, of the 25,281 women polled said they are overweight, although they actually have normal body weight, according to the [...]
SEOUL, Jul. 13 (Korea Bizwire) — Samsung Electronics Co.’s market cap has grown to exceed that of the entire secondary bourse and more than make up for the company’s erased stocks this year, data showed Thursday. The market cap of the tech firm as of the end of trading Wednesday was 362 trillion won (US$316.7 [...]
SEOUL, Jul. 13 (Korea Bizwire) — Foreign ownership of South Korean stocks hit a record high recently, buttressed by sound corporate earnings and expectations of a global economic recovery, market data showed Thursday. The market capitalization of stocks held by foreigners stood at 602 trillion won (US$528 billion) as of Tuesday, the largest ever according [...]
SEOUL, Jul. 13 (Korea Bizwire) — Blamed for air pollution and speculation of price hikes down the road has dampened demand for diesel-powered vehicles to a four-year low in the first half of this year, industry data showed Thursday. The Korea Automobile Manufacturers Association (KAMA) said among new cars registered in January to May this [...]
SEOUL, Jul. 12 (Korea Bizwire) — Middle-aged South Koreans want to work longer and believe they need about half of their present salaries to enjoy a stable life after retirement, a local business lobby said Wednesday. In a survey of 1,136 Koreans aged 40 or older, the Federation of Korean Industries’ Center for Large and [...]
SEOUL, Jul. 12 (Korea Bizwire) — South Korea’s effective corporate tax rate has remained at around 16 percent since 2010 due to various deductions and exemptions despite the nominal corporate tax rate marked at 22 percent, government data showed Wednesday. The effective corporate tax rate was 16.6 percent last year, up 0.5 percent from the [...]