JEJU, Oct. 4 (Korea Bizwire) — The southern resort island of Jeju saw sales of its tourism industry expand more than 32 percent last year from the previous year nearly to pre-pandemic levels, officials said Tuesday. Combined sales of the island’s tourism industry came to an estimated 6.34 trillion won (US$4.43 billion) in 2021, up [...]
SEOUL, Oct. 4 (Korea Bizwire) — Online shopping in South Korea rose 16 percent on-year in August on the back of surging demand for travel during the vacation season amid eased COVID-19 restrictions and growing grocery shopping for preparations for the Chuseok holiday, data showed Tuesday. The value of online shopping transactions came to 17.72 [...]
SEOUL, Oct. 3 (Korea Bizwire) – President Yoon Suk-yeol’s approval rating fell for the first time in four weeks after his remarks caught on a hot mic in New York caused an uproar here, a survey showed Monday. In the poll of 2,522 voters conducted by Realmeter from Monday to Friday last week, 31.2 percent [...]
SEOUL, Oct. 2 (Korea Bizwire) — The total number of visitors to the former presidential compound of Cheong Wa Dae has topped the 2 million mark, data showed Sunday. The milestone was reached around 10:35 a.m. Sunday, according to the Cultural Heritage Administration (CHA). Cheong Wa Dae had been the presidential office and residence for [...]
SEOUL, Oct. 2 (Korea Bizwire) — Trials for sexual crimes in the military jumped 77.6 percent over the past four years, according to data from military courts. The number of trials for active-duty soldiers accused of sexual crimes amounted to 2,185 between 2018 and last year, according to the data provided to Rep. Kim Seung-won [...]
SEJONG, Sept. 29 (Korea Bizwire) — The number of companies doing business in South Korea edged up in 2021 from a year earlier amid the economic recovery, government data showed Thursday. Asia’s fourth-largest economy had 6.08 million businesses last year, up 0.7 percent, or 44,000, from 2020, according to the data from Statistics Korea. The [...]
SEOUL, Sept. 29 (Korea Bizwire) — People aged 65 and older took up 17.5 percent of South Korea’s population this year amid rapid aging, data showed Thursday, underscoring concerns that the demographic change could weigh on the country’s economy. The number of older adults stood at 9.02 million out of the country’s 51.6 million population [...]
SEJONG, Sept. 28 (Korea Bizwire) — The number of babies born in South Korea hit an all-time low in July, while deaths climbed to a record high in the month amid rapid aging and the COVID-19 pandemic, data showed Wednesday. A total of 20,441 babies were born in July, down 8.6 percent from the previous [...]
SEOUL, Sept. 28 (Korea Bizwire) — Retail sales in South Korea marked the largest on-year growth so far this year in August on the back of the increase in people’s outdoor activities amid eased antivirus curbs and preparations for the Chuseok holiday, data showed Wednesday. The combined sales of 25 major offline and online retailers [...]
SEOUL, Sept. 28 (Korea Bizwire) — Sales of South Korea’s top 500 firms have soared nearly 40 percent over the past 10 years with the information technology and electronics sector taking up the biggest share, a corporate tracker said Wednesday. The combined top line of the leading businesses stood at 3,286 trillion won (US$2.3 trillion) [...]