SEOUL, Aug. 1 (Korea Bizwire) — Online shopping in South Korea moved up 7.7 percent in June from a year earlier on the back of a rebound in the demand for travel services, data showed Tuesday. The value of online shopping transactions amounted to 18.42 trillion won (US$14.41 billion) in June, compared with 17.1 trillion [...]
SEOUL, Aug. 1 (Korea Bizwire) — The market capitalization of South Korea’s conglomerates soared more than 350 trillion won (US$273.8 billion) this year amid a bullish trend in the country’s stock markets, data showed Tuesday. The combined value of a total of 338 listed companies owned by 73 business groups reached 1.77 quadrillion won as [...]
SEOUL, July 31 (Korea Bizwire) — The number of international flight passengers recovered to nearly 65 percent of the pre-pandemic level in the first half of the year, government data showed Monday. A total of 29.5 million people boarded international flights between January and June, accounting for 64.8 percent of the 45.6 million tallied over [...]
SEOUL, July 31 (Korea Bizwire) — South Korea’s exports of farm and fisheries products fell 3.8 percent on-year in the first half of the year, data showed Monday. Outbound shipments of agricultural and fisheries goods came to US$5.95 billion in the January-June period, down from $6.19 billion a year earlier, according to the data by [...]
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 [...]