SEOUL, Dec. 8 (Korea Bizwire) – Imported car sales in South Korea are expected to suffer an on-year fall this year for the first time in seven years, apparently affected by weaker demand for diesel cars and sales bans of popular models, industry sources said Thursday. A total of 205,162 imported vehicles have been sold [...]
SEJONG, Dec. 2 (Korea Bizwire) – Online shopping in South Korea reached a fresh record high in October on a nationwide discount event, a government report showed Friday. Total online transactions reached a record 5.6 trillion won (US$4.8 billion) in October, up 17.3 percent from 4.8 trillion won a year earlier, according to the report [...]
SEOUL, Nov. 30 (Korea Bizwire) – The International Association for the Evaluation of Educational Achievement (IEA) unveiled Tuesday the TIMSS 2015, a report highlighting international study trends for mathematics and science based on 270,000 elementary and middle school students in 49 countries. TIMSS provides a comparative analysis of educational achievements every four years after students [...]
SEOUL, Nov. 29 (Korea Bizwire) – The level of received school education matters most when it comes to reducing the risk of high blood pressure, a medical study suggested Tuesday, breaking the conventional notion that illnesses are closely tied to income. A research team led by Lee Hae-young of Seoul National University Hospital looked into [...]
SEOUL, Nov. 28 (Korea Bizwire) – It would take more than 38 years for the young generation of today to save enough money be able to buy an apartment in the capital, if they save all of their disposable income, statistics showed Monday. The average monthly disposable income for people 39 years old or under [...]
SEOUL, Nov. 25 (Korea Bizwire) – President Park Geun-hye’s approval rating fell further to a record-low 4 percent this week while 93 percent expressed discontent on her job performance amid an influence-peddling scandal, Gallup Korea said Friday. Park’s approval rating, which remained at a 5-percent range for the past three weeks, began to fall again [...]
SEOUL, Nov. 23 (Korea Bizwire) – No tax specific to single-person households currently exists in Korea. But a recent study found that various tax benefits provided to married couples with children, mainly as countermeasures to Korea’s low marriage and birth rates, are creating an equally viable effect, imposing higher tax burdens on Korea’s single population. [...]
SEOUL, Nov. 21 (Korea Bizwire) – The increase of single-person households in Korea has brought about another change in household consumption – the declining use of natural gas (liquefied natural gas). According to the Korea City Gas Association and other industry sources, although the number of households in Korea increased from 10.95 million in 2005 [...]
SEOUL, Nov. 18 (Korea Bizwire) – The quality of life for South Koreans ranks 47th in the world, as the country’s economic stature is undercut by long working hours and unemployment, a local report said Friday. The annual report from the Institute for International Trade (IIT), a research arm of the Korea International Trade Association, [...]
DAEJEON, Nov. 16 (Korea Bizwire) – Personal transport gadgets have grown increasingly popular in Korea in recent years, with more people riding devices like electric kick scooters or “wheels” either as a means of transportation or simply for recreational purposes. These electric machines grant mobility unachievable by conventional vehicles, and are easy to carry around, [...]