SEOUL, Jul. 11 (Korea Bizwire) — South Korea ranked second among emerging economies in the amount of stocks purchased by foreign investors during the first six months this year, market data showed Tuesday. Foreigners net bought US$9 billion worth of South Korean stocks during the January-June period, the second largest only after Taiwan’s $9.4 billion, [...]
SEOUL, Jul. 11 (Korea Bizwire) – The number of South Koreans going overseas has increased this year, but they have cut back on spending compared with the past, the latest data showed Tuesday. Some 10.52 million people went on overseas trips between January and May this year, up 18.9 percent from the same period last [...]
SEOUL, Jul. 11 (Korea Bizwire) — Doosan Infracore Co., South Korea’s top construction equipment maker, is witnessing robust sales in China’s excavator market as the world’s No. 2 economy increased spending on infrastructure, industry sources said Tuesday. According to the data provided by KB Securities, a total of 62,617 excavators were sold in China in [...]
SEOUL, Jul. 10 (Korea Bizwire) — With the popularity of convenience stores and online shopping among South Koreans growing rapidly, the number of shoppers who rely heavily on both online shopping sites and convenience stores is on the rise. According to a new report released by Shinhan Card on recent retail trends, the number of consumers [...]
SEOUL, Jul. 10 (Korea Bizwire) — The number of foreign cruise tourists visiting South Korea has declined sharply in recent months, government data showed Monday, amid a diplomatic row with China over the deployment of a U.S. anti-missile system. China has been banning package tours to South Korea since March as part of its economic [...]
SEOUL, Jul. 10 (Korea Bizwire) — President Moon Jae-in’s approval rating edged up again last week due in part to his stern response to North Korea’s missile launch and brisk diplomacy to rein in the provocative state, a survey indicated Monday. In the Realmeter survey conducted from Monday to Friday, Moon’s rating was tallied at [...]
SEOUL, Jul. 9 (Korea Bizwire) — South Korea has the fewest out-of-wedlock childbirths among developed market economies with high income, a central bank report said Sunday. The result of the Organization for Economic Cooperation and Development (OECD) findings were due to the country’s deep-rooted sentiment against having a child out of marriage, the Bank of [...]
SEOUL, Jul. 9 (Korea Bizwire) — Women accounted for 1 out of 5 employees at South Korea’s top 600 companies as the country moves to take full advantage of talented workers irrespective of their gender, a local think tank said Sunday. The finding that excludes financial and insurance firms showed 22.6 percent of employees in [...]
SEOUL, Jul. 7 (Korea Bizwire) — South Koreans’ highly favorable attitude towards studying abroad might be coming to an end, as the latest figures show the number of students under 19 years of age who went abroad for academic purposes dropped by a third over the past nine years. Data released by Statistics Korea on Thursday [...]
SEOUL, Jul. 7 (Korea Bizwire) — Bananas were the most sold fruit in the first half of the year, according to leading retail giant E-mart on Friday, replacing the longtime favorite apples. E-Mart said it sold 37.6 billion won (US$32.48 million) worth of bananas in the January-June period, up 8.7 percent from the same period [...]