SEOUL, Sept. 10 (Korea Bizwire) — South Korean construction companies’ overseas orders increased 20 percent in the January-August period from a year earlier to exceed US$20 billion, industry data showed Sunday. Local builders obtained $21.9 billion worth of overseas orders between January and August, up from $18.3 billion worth of deals in the same period [...]
SEOUL, Sept. 6 (Korea Bizwire) — Eight out of 10 expats in South Korea said they were “satisfied” with their life here, but around 20 percent of foreigners here experienced discrimination, a survey showed Wednesday. Around 40.8 percent of the respondents said they were “extremely satisfied” with their life in South Korea, while another batch [...]
SEOUL, Sept. 6 (Korea Bizwire) — The employment rate for women exceeded the 60 percent mark for the first time last year, but the wage gap between genders still remains high, a government report showed Wednesday. The employment index for women aged 15 to 64 reached 60 percent in 2022, up 7.3 percentage points from [...]
SEOUL, Sept. 5 (Korea Bizwire) — Imported vehicle sales in South Korea fell 2.1 percent last month from a year earlier amid a lack of supplies in some brands, an industry association said Tuesday. The number of newly registered imported cars came to 23,350 units in August, down from 23,850 units a year ago, the [...]
SEOUL, Sept. 5 (Korea Bizwire) – South Korea’s leading 300 companies saw their combined workforce edge down in the first half of the year amid a slowing economy, a corporate tracker said Tuesday. The number of workers hired by the top 30 firms in the country’s 10 key industries had totaled 1,085,399 as of the [...]
SEOUL, Sept. 4 (Korea Bizwire) — Online shopping in South Korea increased 9.1 percent on-year in July from a year earlier, data showed Monday, as the demand for travel services continues to recover to pre-pandemic normalcy. The value of online shopping transactions amounted to 18.9 trillion won (US$14.31 billion) in July, compared with 17.3 trillion [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korea’s exports of lipsticks are anticipated to hit a new record in 2023, the customs agency said Monday, on the back of increasing demand as people have taken off masks around the globe. The outlook came as exports of the products reached a record high of US$198 million [...]
SEOUL, Sept. 1 (Korea Bizwire) — More than 7 out of every 10 South Koreans are opposed to Japan’s release of treated radioactive water from the crippled Fukushima nuclear power plant, a public opinion poll showed Friday. The survey conducted on 1,000 South Korean adults on Tuesday and Wednesday by Research View showed 72.4 percent [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korea’s exports of instant noodles jumped 17.7 percent on-year in the first seven months of 2023 to reach the highest figure for the period ever amid the growing popularity of Korean culture, data showed Friday. The country exported US$522.03 million worth of instant noodles, or “ramyeon” in Korean, [...]
SEOUL, Aug. 31 (Korea Bizwire) — South Koreans’ overseas card spending gained 1 percent in the second quarter of the year on the back of increased overseas travels amid eased COVID-19 curbs and increased direct purchases, central bank data showed Thursday. The amount of money spent overseas by South Koreans with cards, including credit and [...]