SEOUL, Sept. 5 (Korea Bizwire) – South Korea’s leading 300 companies saw their combined workforce edge down in the first half of the year amid a slowing economy, a corporate tracker said Tuesday. The number of workers hired by the top 30 firms in the country’s 10 key industries had totaled 1,085,399 as of the [...]
SEOUL, Sept. 4 (Korea Bizwire) — Online shopping in South Korea increased 9.1 percent on-year in July from a year earlier, data showed Monday, as the demand for travel services continues to recover to pre-pandemic normalcy. The value of online shopping transactions amounted to 18.9 trillion won (US$14.31 billion) in July, compared with 17.3 trillion [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korea’s exports of lipsticks are anticipated to hit a new record in 2023, the customs agency said Monday, on the back of increasing demand as people have taken off masks around the globe. The outlook came as exports of the products reached a record high of US$198 million [...]
SEOUL, Sept. 1 (Korea Bizwire) — More than 7 out of every 10 South Koreans are opposed to Japan’s release of treated radioactive water from the crippled Fukushima nuclear power plant, a public opinion poll showed Friday. The survey conducted on 1,000 South Korean adults on Tuesday and Wednesday by Research View showed 72.4 percent [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korea’s exports of instant noodles jumped 17.7 percent on-year in the first seven months of 2023 to reach the highest figure for the period ever amid the growing popularity of Korean culture, data showed Friday. The country exported US$522.03 million worth of instant noodles, or “ramyeon” in Korean, [...]
SEOUL, Aug. 31 (Korea Bizwire) — South Koreans’ overseas card spending gained 1 percent in the second quarter of the year on the back of increased overseas travels amid eased COVID-19 curbs and increased direct purchases, central bank data showed Thursday. The amount of money spent overseas by South Koreans with cards, including credit and [...]
SEOUL, Aug. 30 (Korea Bizwire) — The number of deaths caused by serious industrial accidents at workplaces in the first half of the year dropped nearly 10 percent from a year ago, a government report said Wednesday. A total of 289 workers died from January to June, marking a drop of 9.1 percent, or 29 [...]
SEOUL, Aug. 30 (Korea Bizwire) — The population of kindergarten to high-school students shrank by nearly 100,000 this year from a year earlier, extending its falling streak to the 18th year, the education ministry said Wednesday. The number of students at the country’s kindergartens and elementary, middle and high schools nationwide amounted to slightly over [...]
SEOUL, Aug. 30 (Korea Bizwire) – South Korea’s total births and fertility rate fell to record lows in 2022, data showed Wednesday, signaling a red alarm on the growth potential of Asia’s fourth-largest economy. Only 249,000 babies were born in 2022, down 11,000 from a year earlier, according to the data compiled by Statistics Korea. [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korea extended a natural decrease in population in June as the fertility rate hit yet another record low, data showed Wednesday, reflecting the grim demographic trend. Only 18,615 babies were born in June, down 1.6 percent from a year earlier, according to the monthly report from Statistics Korea. [...]