SEOUL, Jul. 6 (Korea Bizwire) — South Korea’s share in the Chinese, U.S. and European auto markets has been declining for the past four years amid tense competition from Japanese and American automakers, industry sources said Thursday. South Korea’s share of the global auto market stood at an average 5.8 percent in the three major [...]
SEOUL, Jul. 6 (Korea Bizwire) — South Korea’s retail investors are generally staying away from the local bourses, industry data showed Thursday, as foreigners and institutions pushed up stocks to record highs in recent months backed by improving corporate earnings and resilient exports. The KOSPI main bourse has risen 18 percent in the first six [...]
SEOUL, Jul. 6 (Korea Bizwire) – South Koreans generally have a more severe perception of environmental pollution than their counterparts in China and Japan, a study said Thursday. According to the study by a research team from the University of Utah, South Koreans gave 2.67 points on air pollution on a scale of one to [...]
SEOUL, Jul. 6 (Korea Bizwire) — The volume of electricity generated from renewable energy hit a record high last year, aided by a surge in power generation coming from biomass and by-product gas, data showed Thursday. According to the data compiled by the Korea Power Exchange, a total of 19.35 million megawatt-hours worth of electricity [...]
SEOUL, Jul. 6 (Korea Bizwire) — Active-matrix organic light-emitting diode (AMOLED) screens are expected to rise as mainstream panels for the global smartphone industry within four years, industry watchers said Thursday, beating thin-film-transistor liquid-crystal displays (TFT-LCD). According to the data compiled by industry tracker TrendForce, AMOLED panels took up 23.8 percent of the global market [...]
SEJONG, July 5 (Korea Bizwire) – Purchases made through mobile gadgets like smartphones reached a new all-time high in May as a growing number of people are becoming adept in using wireless devices for various reasons, government data showed Wednesday. Mobile transactions through smartphones and tablets reached 3.82 trillion won (US$3.3 billion) in May, soaring [...]
SEOUL, July 5 (Korea Bizwire) – The sale of environment friendly vehicles is on the rise in South Korea’s used car markets as the government moves to reduce fine dust-emitting diesel vehicles, a local website said Wednesday. Pre-owned car sales data offered by SKencarsales.com back up the trend. It said SK encar.com, a certified Korean [...]
SEOUL, Jul. 5 (Korea Bizwire) — The number of subscribers to Internet-of-Things (IoT) services in South Korea is presumed to have surpassed the 6 million mark last month, government data showed Wednesday. According to the data compiled by the Ministry of Science, ICT and Future Planning, the number of South Koreans using IoT-related services came [...]
SEOUL, Jul. 5 (Korea Bizwire) — South Korean manufacturers’ business sentiment reached the highest in over two years, but pessimism still outweighed optimism overall, a survey showed Wednesday. A survey of some 2,200 manufacturing firms put the business sentiment index (BSI) at 94 in the third quarter, up five points from the second quarter but [...]
SEOUL, July 3 (Korea Bizwire) – South Korea will not undergo a sharp drop in consumption despite the ever-rising household debt, a private think tank said Monday, citing growth in property and financial asset value. Households where the head of the family was over 55 have witnessed a 94.51 percent rise in income and 78.32 [...]