SEOUL, May 12 (Korea Bizwire) — South Korea’s presence in the global market for dynamic random access memory (DRAM) hit a record high in the first quarter of 2015, data showed Tuesday, helped by Samsung Electronics Co.’s efforts to push ahead with its latest 20-nanometer products. The combined market share of Samsung Electronics and its [...]
SEOUL, May 11 (Korea Bizwire) — South Korea’s sovereign wealth fund said Monday it has logged a cumulative US$14.7 billion in investment profit as of the end of last year following its establishment in 2005. Its overall return on investment reached 10 percent last year, while its annual return on investment in the past five [...]
SEJONG, May 8 (Korea Bizwire) — A total of 81,000 animals including cats and dogs were abandoned in Korea last year, according to a report from the Animal and Plant Quarantine Agency (QIA) published on May 7. The figure is a 16.5 percent decrease from 97,000 abandoned animals in 2013. Around 58,000 dogs were abandoned last [...]
SEOUL, May 8 (Korea Bizwire) — The number of newly registered foreign cars in South Korea grew 8.9 in April from a year earlier, driven mostly by German brands, including Mercedes-Benz and BMW, industry data showed Friday. According to the data by the Korea Automobile Importers and Distributors Association, a total of 18,202 foreign vehicles [...]
SEOUL, May 8 (Korea Bizwire) – South Korean solar cell makers are positioned to enjoy a rise in global sales of solar modules, which are likely to jump 20 percent this year, industry data showed on Friday. Global sales of photovoltaic (PV) solar modules are estimated at US$38 billion this year, sharply up from the [...]
SEOUL, May 6 (Korea Bizwire) — South Korean shipbuilders, led by industry leader Hyundai Heavy Industries Co., clinched the largest amount of new orders in April, retaining the top spot for a third consecutive month, data showed Wednesday. According to the data compiled by global researcher Clarkson Research Services, South Korean shipyards bagged new orders [...]
SEOUL, May 6 (Korea Bizwire) — Korean children were hoping to get a pet as a present for this year’s Children’s Day, according to a survey conducted by Tooniverse, a Korean cable channel for children, from May 1 to 4 on 1,400 children aged between 4 and 14. According to the survey, 21.3 percent of [...]
SEOUL, May 4 (Korea Bizwire) — AIA Life and Hyundai Life have been selected as the insurance companies that provide the most comprehensible insurance contracts, according to a May 3 report conducted by the Korea Insurance Development Institute. The institute assessed contracts from 24 insurance companies in terms of their clarity, comprehensibility and brevity. AIA [...]
SEOUL, May 2 (Korea Bizwire) — The rate of colorectal cancer among Koreans is the highest in the world, especially among men, as 45 out of 10,000 Koreans are diagnosed with the disease, according to a report by Korea University’s Guro Hospital on April 30. The diagnosis rate among Koreans was much higher than the [...]
SEOUL, May 2 (Korea Bizwire) — More than half of Korean adolescents are willing to live with their future partner without getting married to them, while 6 of 10 adolescents are distraught over various issues in their lives, especially about their studies, according to a survey conducted by Statistics Korea and the Ministry of Gender Equality [...]