SEOUL, Aug. 3 (Korea Bizwire) — South Korea’s customs agency said Thursday it has confiscated 30 billion won (US$23.12 million) worth of forged luxury brand items and other illegal goods in the first half of this year. The Korea Customs Service said it had found 2 million illegal items worth 30 billion won combined in [...]
SEOUL, Aug. 3 (Korea Bizwire) — One in four teachers cited insufficient punishment for misbehaving students and parents as the main reason for the increase in the infringement of teachers’ rights, a poll by the education ministry showed Thursday. In the online survey of 22,084 teachers working at 1,315 kindergartens and elementary, middle, high and [...]
SEOUL, Aug. 3 (Korea Bizwire) – Imported vehicle sales in South Korea fell 1.3 percent last month from a year earlier due to the end of tax cuts and lack of supplies in some brands, an industry association said Thursday. The number of newly registered imported cars came to 21,138 units in July, down from [...]
SEOUL, Aug. 2 (Korea Bizwire) — South Korea’s fair trade regulator said Wednesday the number of consumer complaints regarding flight tickets more than doubled on-year in the first half of 2023 amid recovering demand for global travel. The number of such airline complaints filed to authorities reached 834 over the January-June period, rising sharply from [...]
SEOUL, Aug. 1 (Korea Bizwire) — Online shopping in South Korea moved up 7.7 percent in June from a year earlier on the back of a rebound in the demand for travel services, data showed Tuesday. The value of online shopping transactions amounted to 18.42 trillion won (US$14.41 billion) in June, compared with 17.1 trillion [...]
SEOUL, Aug. 1 (Korea Bizwire) — The market capitalization of South Korea’s conglomerates soared more than 350 trillion won (US$273.8 billion) this year amid a bullish trend in the country’s stock markets, data showed Tuesday. The combined value of a total of 338 listed companies owned by 73 business groups reached 1.77 quadrillion won as [...]
SEOUL, July 31 (Korea Bizwire) — The number of international flight passengers recovered to nearly 65 percent of the pre-pandemic level in the first half of the year, government data showed Monday. A total of 29.5 million people boarded international flights between January and June, accounting for 64.8 percent of the 45.6 million tallied over [...]
SEOUL, July 31 (Korea Bizwire) — South Korea’s exports of farm and fisheries products fell 3.8 percent on-year in the first half of the year, data showed Monday. Outbound shipments of agricultural and fisheries goods came to US$5.95 billion in the January-June period, down from $6.19 billion a year earlier, according to the data by [...]
SEOUL, July 28 (Korea Bizwire) — Sales of cigarettes in South Korea moved down 0.6 percent on-year in the January-June period, data showed Friday. South Korean smokers purchased 1.77 billion 20-cigarette packs in the first half, falling from 17.8 billion packs posted a year earlier, according to the Ministry of Economy and Finance. Heat-not-burn tobacco [...]
SEOUL, July 28 (Korea Bizwire) – South Korea’s exports of ice cream reached a record high in the first half of 2023, data showed Friday, on the back of the growing popularity of Korean entertainment content across the globe. Outbound shipments of ice cream and other edible ice products reached US$59 million in the January-June [...]