SEJONG, Mar. 21 (Korea Bizwire) — A growing number of college graduates in South Korea remain jobless through their late 20s, attributing to the record high youth unemployment rate last month, data showed Sunday. Out of 114,000 people who had stayed jobless for more than four weeks in February, 80,000, or 70.2 percent, were aged [...]
SEOUL, Mar. 21 (Korea Bizwire) — A growing number of South Korean households had difficulties paying off their debt with their income last year, data showed Sunday, raising concerns over their financial stability and shrinking domestic consumption. “Marginal households” whose debt-to-disposable income ratio is over 40 percent tallied at 1.58 million, accounting for 14.8 percent [...]
SEJONG, March 16 (Korea Bizwire) – Data shows that the number of bicycles in Korea now stands at 10.22 million, and 34.7 percent of households possess at least one bicycle. As more people are looking into eco-friendly means of transportation, government authorities are making an effort to provide a better cycling environment. The Korea Transport Institute [...]
SEJONG, March 16 (Korea Bizwire) – South Korea’s youth jobless rate surged to an all-time high of 12.5 percent in February, a government report said Wednesday, underlying the growing number of college graduates failing to land jobs due to the sluggish economy. Statistics Korea said the nation’s overall jobless rate stood at 4.9 percent last [...]
SEOUL, March 15 (Korea Bizwire) – Data indicates that Seoul citizens are increasingly choosing to use public transportation as part of their efforts to be environmentally conscious. According to an infographic generated by The Seoul Institute entitled ‘Seoul Citizens’ Efforts to Save the Environment’, 65.2 percent of the 431 citizens questioned picked ‘using public transportation’ as the [...]
SEOUL, Mar. 2 (Korea Bizwire) — South Korea’s second-ranked carmaker, Kia Motors Corp., said Tuesday that it has sold more than 10,000 units of the Soul electric vehicle (EV) in less than two years after its launch, helped by strong demand from the European market. The Soul EV, the electric vehicle variant of the Soul [...]
SEOUL, Mar. 2 (Korea Bizwire) — Samsung Electronics Co. dominated the global TV market for the 10th consecutive year in 2015, data showed Tuesday, on the back of the strong performance of its high-end models. Samsung took up 27.5 percent of the global TV market in terms of sales and 21 percent in shipments last [...]
SEOUL, Jan. 27 (Korea Bizwire) – The number of people working for South Korea’s top 30 major business groups has increased 17 percent over the past five years, well higher than the average rise of 13 percent for the corporate sector, industry data showed Wednesday, indicating that the conglomerates helped ease the country’s prolonged labor [...]
SEJONG, Jan. 26 (Korea Bizwire) – The number of childbirths in South Korea rose for the second straight month in November, a government report showed Tuesday, amid government efforts to deal with a rapidly aging population. The number of babies born in November stood at about 33,700, up 4 percent, or 1,300, from the same [...]
SEOUL, Dec.18 (Korea Bizwire) – Research shows that most forms of cancer are caused by bad living habits and are not hereditary. A research team at Stonybrook University in the U.S. announced that the results of its research indicate that 70 percent to 90 percent of common types of cancer including breast, testicle and lung [...]