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S. Korea’s Online Shopping Sales Surge 16-fold over Past 15 Years

S. Korea’s Online Shopping Sales Surge 16-fold over Past 15 Years

SEJONG, June 16 (Korea Bizwire) – Sales in the online shopping business in South Korea have expanded more than 16-fold over the past 15 years on the back of the rapid development of e-commerce transactions, government data showed Thursday.  A total of 53.9 trillion won (US$46.1 billion) worth of purchases were made online last year, [...]

Korean Export from Healthcare Biz Surpasses 10 trillion Won Last Year

Korean Export from Healthcare Biz Surpasses 10 trillion Won Last Year

SEOUL, June 12 (Korea Bizwire) – Annual exports from South Korea’s healthcare businesses surpassed 10 trillion won for the first time last year, the Ministry of Health and Welfare said Sunday. Overseas shipment of Korean medicines, medical equipment and cosmetics products totaled $8.83 billion, or 10.2 trillion won, in 2015, up 21 percent from the [...]

Korean Students More Concerned with ‘Public Security’ and Japanese with ‘Natural Disasters’

Korean Students More Concerned with ‘Public Security’ and Japanese with ‘Natural Disasters’

SEOUL, June 9 (Korea Bizwire) – A recent survey has revealed that Korean high school students are more interested in public security, while Japanese students are more concerned with natural disasters. Chinese students were more drawn to food and food safety. Japan’s National Institution for Youth Education conducted a survey regarding safety issues among high [...]

Office Rents in Seoul Increasing at Second-Highest Rate in Asia

Office Rents in Seoul Increasing at Second-Highest Rate in Asia

SEOUL, June 4 (Korea Bizwire) – A recent study found that the rate of increase for office rents in Seoul was the second-highest in Asia, among 19 major cities. According to a study conducted by major U.K. real estate consulting corporation Knight Frank, rents in Seoul during this year’s first quarter increased by 2.6 percent compared [...]

Working Class Self-Evaluate Retirement Age as 50.9

Working Class Self-Evaluate Retirement Age as 50.9

SEOUL, June 2 (Korea Bizwire) – Although this year was supposed to mark the beginning of a ‘retirement in your 60s’ cultural shift, current workers have projected their own retirement age to be barely over 50. ‘Job Korea’, an employment portal website, conducted a survey on 1,405 employees of both genders with the question, ‘Considering the current [...]