SEOUL, Aug. 30 (Korea Bizwire) – Samsung Electronics Co., the world’s largest handset maker, slipped to the world’s 13th most valuable IT company by market cap as the tech giant’s shares suffered losses this year due to a bleak business outlook, a report showed Sunday. Samsung, South Korea’s most valuable company, had remained in the [...]
SEOUL, Aug. 27 (Korea Bizwire) – Microsoft turns out to exert overwhelming influence in the PC browsing and OS(Operating System) market in Korea. According to a research, Microsoft was far ahead in the domestic PC web browser market, while Google and Apple secured their place in the mobile operating system (OS) market. The research titled “Internet [...]
SEJONG, Aug. 3 (Korea Bizwire) — South Korea’s retail sales edged down in June as the outbreak of Middle East Respiratory Syndrome (MERS) caused people to stay away from large retail outlets, a government report showed Monday. Retail sales reached little over 29.34 trillion won (US$25.15 billion) in June, down 0.6 percent from the 29.51 [...]
SEOUL, Jul. 20 (Korea Bizwire) — South Korea’s major banks reduced loans to large companies over the past year as they became more reluctant to lend to them amid a series of massive bankruptcies, industry data showed Sunday. Six lenders, including industry leaders Kookmin Bank and Shinhan Bank, extended a combined 95.7 trillion won (US$83.5 [...]
SEOUL, Jul. 20 (Korea Bizwire) — Nearly half of South Korea’s large industrial groups are suffering from chronic financial trouble due to high levels of debt, industry data showed Sunday. Out of 48 non-financial business groups on an antitrust watchlist, 23 posted a debt ratio of more than 200 percent on a consolidated basis as [...]
Seoul, July 16 (Korea Bizwire) – Following a price hike and the expansion of non-smoking areas early this year, the smoking rate among adult males has dropped by six percent. As the smoking rate decreased, the consumption of tobacco showed a drastic decline, but because of the higher prices, income from cigarettes increased. The Ministry of [...]
Seoul, Jul. 13 (Korea Bizwire) — Unemployment is increasing, even though most are trying hard to find a job. One out of ten people are remaining jobless for over six months, despite the efforts they make to get a job. Experts see the phenomenon resulting from an increase in the number of people wanting to [...]
SEOUL, July 10 (Korea Bizwire) — A film depicting a bloody inter-Korean naval clash in 2002 became the most-watched Korean film so far this year, the movie’s distributor said Friday. Released on June 24, “Northern Limit Line” has attracted 3,872,070 viewers as of 12:40 p.m., the largest number for any Korean film that has opened [...]
SEOUL, Jul. 7 (Korea Bizwire) — The Korean government’s open data index ranks first among OECD countries, according to the OECD’s ‘Government at a Glance 2015’ report published on July 6. The OECD report’s open government data section for 2015 is the first of its kind in the biennial report, and it shows the availability, [...]
SEOUL, Jul. 6 (Korea Bizwire) — Koreans are especially susceptible to allergic contact dermatitis in July and August, according to a report from the National Health Insurance Corporation published on July 5. The corporation conducted a study on patients diagnosed with such dermatitis from 2009 to 2013, and concluded that most of the cases were [...]