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Archive by category By the Numbers

[Kobiz Stats] Tourist Hotels in Seoul by Classification

[Related Article] Budget Hotels Are Scarce in the Midst of Luxury Hotel Glut in Seoul (Korea Bizwire, April 4) In an era in which 12 million foreign visitors come to Korea, either relaxing or lifting a regulation prohibiting construction of hotels near school zones has become a pressing matter; however, budget hotels that are most [...]

[Kobiz Stats] Demand-Supply Prospect of Accommodations in Seoul and Metropolitan

Budget Hotels Are Scarce in the Midst of Luxury Hotel Glut in Seoul

SEOUL, Korea, April 4 (Korea Bizwire) – In an era in which 12 million foreign visitors come to Korea a year, either relaxing or lifting a regulation prohibiting construction of hotels near school zones has become a pressing matter; however, budget hotels that are most needed to accommodate tourists are not in the spotlight in [...]

[Kobiz Stats] Number of Start-up Businesses by College Students in 2013

[Related Article] No Adventure for Korean University Students (Korea Bizwire, April 3) While the government is trying to boost the domestic economy by reigniting a “second dot-com boom” encouraging young entrepreneurs to set up more tech ventures, fewer and fewer university students are daring to set up their own businesses. According to a report published [...]

[Kobiz Stats] Per Capita Credit Card Transactions among Industrialized Nations

[Related Article] Paper Receipts Turning to Waste Are Worth 270 Billion Won (Korea Bizwire, April 3) The receipts printed upon making transactions are doing more harm than personal data spill: waste of resources, and the fear of endocrine disruptor commonly known as environmental hormone. However, the credit card companies and the government authorities are not [...]

No Adventure for Korean University Students

SEOUL, Korea, April 3 (Korea Bizwire) – While the government is trying to boost the domestic economy by reigniting a “second dot-com boom” encouraging young entrepreneurs to set up more tech ventures, fewer and fewer university students are daring to set up their own businesses. According to a report published by the Korea International Trade [...]

Paper Receipts Turning to Waste Are Worth 270 Billion Won

SEOUL, Korea, April 3 (Korea Bizwire) – The receipts printed upon making transactions are doing more harm than personal data spill: waste of resources, and the fear of endocrine disruptor commonly known as environmental hormone. However, the credit card companies and the government authorities are not coming up with any remedies to the matter. On [...]

Koreans Much behind in Preparing for Aged Life

SEOUL, Korea, April 2 (Korea Bizwire) – While it is estimated that it costs an average of 1.37 million won (US$1,295) a month to sustain the minimum life for an aged couple, Korean are much behind in preparing for their post-retirement lives with little private pension plans or savings. According to a National Pension Service [...]

[Kobiz Stats] China’s E-commerce trading volume in 2011-2017

[Related Article] Chinese Social Commerce Industry Undergoing a Wave of Consolidation(Korea Bizwire, Mar 28) According to data released recently by the China International Electronic Commerce Center, the number of social commerce sites closed for business since the beginning of the first social commerce site in China has been 5,376 out of total 6,246 operators. The [...]

Convenient Stores and Fast Food Restaurants: Hellholes for Teenage Part-timers

SEOUL, Korea, April 1 (Korea Bizwire) – Many local convenient stores and fast food chains which are the biggest employers of teenage part-timers in Korea have been found not observing the labor laws. The Ministry of Employment and Labor has investigated 939 establishments which employ teenagers, and found 1,492 cases of violations in 650 locations [...]