SEJONG, Nov. 1 (Korea Bizwire) — Online shopping in South Korea advanced 11.8 percent on-year in September as the demand for travel services increased on eased COVID-19 restrictions, data showed Tuesday. The value of online shopping transactions came to 17.45 trillion won (US$12.2 billion) in September, compared with 15.6 trillion won tallied a year earlier, [...]
SEOUL, Oct. 31 (Korea Bizwire) — South Korea saw its foreign population shrink by 1 percent last year from the previous year, marking a decline for the second year in a row, the interior ministry said Monday. According to a report by the Ministry of the Interior and Safety, the number of foreign residents had [...]
SEOUL, Oct. 31 (Korea Bizwire) — Retail sales in South Korea grew 7.5 percent on-year in September on an increase in people’s outdoor activities amid eased antivirus curbs, data showed Monday. The combined sales of 25 major offline and online retailers came to 14.21 trillion won (US$9.98 billion) last month, compared with 13.2 trillion won [...]
SEOUL, Oct. 31 (Korea Bizwire) – Exports of passenger cars advanced 30.1 percent in the third quarter of the year from a year earlier, data showed Monday, on the back of growing demand for eco-friendly vehicles. Carmakers here shipped passenger cars worth a combined US$12.6 billion during the July-September period, up from $9.7 billion a [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korea will continue to look into suspicious real estate transactions by foreigners as a recent investigation found increasing illegalities involving foreigners’ home purchases, the land ministry said Friday. The portion of suspicious home purchases by foreigners rose to 1.21 percent, or 6,772 cases, out of the country’s total [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korea’s pet product exports increased 56 percent on-year through September to set a new record, data showed Friday, as more people adopted pets to find comfort amid the COVID-19 pandemic. Outbound shipments of pet products reached US$116 million over the January-September period, surpassing $111 million posted for all [...]
SEOUL, Oct. 27 (Korea Bizwire) — More than three quarters of North Korea’s missile tests conducted since 1984 were deemed to be successful, data showed Thursday, in an apparent sign of progress in Pyongyang’s relentless push for advanced weapons systems. The U.S.-based James Martin Center for Nonproliferation Studies produced the data on the North’s testing [...]
SEJONG, Oct. 26 (Korea Bizwire) – The number of babies born in South Korea touched an all-time low in August with deaths soaring to a record high amid rapid aging and the COVID-19 pandemic, data showed Wednesday. A total of 21,758 babies were born in August, down 2.4 percent from the previous year, according to [...]
SEJONG, Oct. 25 (Korea Bizwire) — The proportion of temporary workers in South Korea fell below 38 percent of all salaried workers in August, data showed Tuesday, as the country gradually returns to pre-pandemic normalcy. Non-regular workers, including part-timers and outsourced laborers, took up 37.5 percent of the country’s 21.72 million salaried workers, compared with [...]
SEOUL, Oct. 20 (Korea Bizwire) — The numbers of beef cattle and chickens raised in South Korea rose in the third quarter from a year earlier, data showed Thursday, amid the recovering demand following eased social distancing rules. The number of beef cattle came to 3.7 million over the July-September period, up 2.4 percent on-year, [...]