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 [...]
SEOUL, July 27 (Korea Bizwire) — South Korea’s total population fell for the second consecutive year in 2022 amid the country’s critically low births, data showed Thursday, with seniors taking up a larger portion of the population. The country’s total population dropped to 51.69 million in November, down 46,000, or 0.1 percent, from the previous [...]
SEOUL, July 26 (Korea Bizwire) – South Korea continued to report a natural decrease in population in May amid critically low births, data showed Wednesday, reflecting the alarming demographic challenge of Asia’s No. 4 economy. Only 18,988 babies were born in May, decreasing 5.3 percent from a year earlier, according to the monthly report from [...]
SEOUL, July 26 (Korea Bizwire) — Retail sales in South Korea rose 5.7 percent on-year in the first half of this year amid eased antivirus curbs and people’s growing outdoor activities, the industry ministry said Wednesday. The combined sales of 25 major offline and online retailers came to 85.4 trillion won (US$66.76 billion) during the [...]
SEOUL, July 25 (Korea Bizwire) — South Korea’s customs agency said Tuesday it has captured a record amount of drugs in the first half of this year, enough to be used by more than 5 million people. The amount of illegal drugs seized at borders jumped 39 percent on-year to 329 kilograms during the January-June [...]
SEOUL, July 25 (Korea Bizwire) — Around 60 percent of South Korean seniors were economically active as of May, data showed Tuesday, reflecting the country’s rapidly aging population. The poll by Statistics Korea showed 60.2 percent of the country’s 15.48 million people aged from 55 to 79 were economically active, up 0.8 percentage point from [...]
SEOUL, July 24 (Korea Bizwire) — South Korean households have saved an additional 100 trillion won (US$77.7 billion) or over during the COVID-19 pandemic from before the pandemic on reduced consumption and increased government support, a central bank report showed Monday. Excess savings made from 2020-2022 totaled between 101 trillion won and 129 trillion won, [...]
SEJONG, July 21 (Korea Bizwire) — The number of pigs raised in South Korea edged down in the second quarter from a year earlier following the outbreak of African swine fever (ASF), data showed Friday. South Korean farms raised 11.1 million pigs in the April-June period, down 0.5 percent from a year earlier, according to [...]
SEOUL, July 21 (Korea Bizwire) — The number of South Korean listed firms that merged with or acquired business entities fell on-year in the first half of 2023, data showed Friday. A total of 47 South Korean companies either wrapped up or have been working on corporate mergers and acquisitions (M&As) during the first six [...]