SEOUL, Feb. 7 (Korea Bizwire) – A recent study has shown that for every 10,000 won in sales, South Korean companies are spending an average of 690 won on logistics. The Korea Chamber of Commerce and Industry announced these findings on February 6, based on a survey conducted in the last quarter of last year. The [...]
SEOUL, Feb. 5 (Korea Bizwire) – The 2023 AFC Asian Cup held in Qatar has led to a significant increase in users of Coupang Play, which holds the online broadcasting rights for the event. The service, affiliated with Coupang, has been expanding its user base through an aggressive strategy of securing sports broadcasting rights combined with [...]
SEOUL, Feb. 5 (Korea Bizwire) – A recent study suggests that if current levels of greenhouse gas emissions persist, the number of summer fatalities in Seoul could increase by up to 82% by the late 21st century. Even with efforts to achieve carbon neutrality, the increase in mortality rate could reach 23%. Published in the Journal [...]
SEOUL, Feb. 5 (Korea Bizwire) – A recent analysis has revealed that the average cost of getting married in South Korea now exceeds 300 million won, with the price of a new couple’s home making up 79% of the total expenses. Despite this, additional costs such as dowries have also proven to be significant, exceeding 20 [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korea’s inflation fell below 3 percent for the first time in six months in January, showing signs that inflationary pressure is easing, data showed Friday. But the prices could bounce back again to over 3 percent in the coming months due to rising global oil prices, Finance Minister [...]
SEOUL, Feb. 1 (Korea Bizwire) – A survey has highlighted significant concerns among Coupang’s warehouse workers regarding extreme working conditions, including heat, cold, and dust exposure. The Korean Confederation of Trade Unions (KCTU) held a press conference on January 31st in front of the Seoul Regional Employment and Labor Office to disclose the findings from a [...]
SEOUL, Jan. 30 (Korea Bizwire) – A recent analysis has revealed that 80% of individuals living alone are at risk of ‘lonely death’, with one in four to five solo dwellers being classified as in the ‘medium to high-risk’ group. This finding comes from a survey conducted by the Korea Institute for Health and Social Affairs [...]
SEOUL, Jan. 30 (Korea Bizwire) – The number of foreign tourists visiting South Korea rebounded to 63 percent of pre-pandemic levels last year, the state-run tourism promotion agency said Tuesday. South Korea welcomed 11,030,000 international tourist arrivals last year, a remarkable 245 percent increase from the previous year, the Korea Tourism Organization (KTO) said. The [...]
SEOUL, Jan. 30 (Korea Bizwire) – The number of South Koreans who moved to different residences in the country fell to the lowest level in about 50 years last year, data showed Tuesday, amid population aging and a housing market slump. The number of people who changed their residences inched down 0.4 percent on-year to [...]
SEOUL, Jan. 30 (Korea Bizwire) – A recent survey has revealed that soldiers are aiming to save over 10 million won during their military service, with plans to spend the money on travel after their discharge. The survey, conducted by the Ministry of National Defense’s Kookbang Ilbo through the app ‘The Camp’ from January 13 to [...]