SEJONG, Feb. 23 (Korea Bizwire) — South Koreans spent the most in over 10 years on alcoholic beverages in 2014, mainly on beer and soju, statistics agency said Monday, while demand for cigarettes fell, most likely from the price increase. Data provided by Statistics Korea said local households spent an average of 11,267 won (US$10.16) [...]
SEOUL, Feb. 22 (Korea Bizwire) – South Korean listed companies’ dividend payouts for their fiscal 2014 are expected to rise by more than 30 percent compared with a year earlier, data showed on Sunday, largely due to growing pressure on them to deliver more to investors. According to the data compiled by KB Investment & [...]
SEOUL, Feb. 15 (Korea Bizwire) – Nearly four out of 10 married South Korean men were unfaithful to their spouse at least once, a survey said Sunday, making them punishable by a local law on adultery that some say should be repealed. The survey was conducted in June last year on 2,000 men and women [...]
SEJONG, Feb. 15 (Korea Bizwire) – Goods bought from foreign e-commerce shops surged over the last five years with the increase being fueled by demand for such products as coffee, handbags and sneakers, a government report showed Sunday. According to Korea Customs Service (KCS), imports from on-line shops excluding printed materials, compact discs and tissue [...]
SEOUL, Feb. 15 (Korea Bizwire) – More than 90 percent of South Koreans believe the country’s economy has entered a state of depression, a survey showed Sunday, with many expecting current conditions to persist down the road. In a nationwide survey of 800 people over the age of 19, 93.9 percent of the respondents said [...]
SEOUL, Feb. 13, (Korea Bizwire) – Italian luxury sports car brand Maserati S.p.A. said Thursday its sales in South Korea leaped nearly sixfold on-year in 2014, demonstrating that its vehicles, priced at over US$100,000 on average, are becoming less of a rare extravagance as big names from abroad continue to expand their foothold in South [...]
SEOUL, Feb. 13 (Korea Bizwire) — Although Valentine’s Day has in the past been celebrated in Korea with enthusiasm, it appears that young Koreans are starting to get fed up with all the troubles they have to go through to enjoy the holiday. According to a survey conducted by matchmaking services firm DUO on 542 [...]
SEOUL, Feb. 13 (Korea Bizwire) — South Korea’s credit card firms paid nearly 200 billion won (US$180.6 million) in fees to global credit card brands last year, virtually unchanged from the year before due to increased spending during overseas travel and online purchases from foreign shopping malls, a report said Friday. Local card issuers, led [...]
SEOUL, Feb. 12 (Korea Bizwire) — The combined share of Samsung Electronics and SK hynix, South Korea’s chip giants, in the global DRAM market stood at over 70 percent for the first time in the fourth quarter of 2014, data showed Thursday. Their portion together came to 70.4 percent as of the end of December, up from [...]
SEJONG, Feb. 11 (Korea Bizwire) — Fast-food consumption among elementary and secondary school students in South Korea jumped in 2014 from four years earlier, a government poll showed Wednesday. According to the annual survey conducted by the Ministry of Education from April to June last year, the rate of students who eat fast food more [...]