SEOUL, July 25 (Korea Bizwire) — Around 60 percent of South Korean seniors were economically active as of May, data showed Tuesday, reflecting the country’s rapidly aging population. The poll by Statistics Korea showed 60.2 percent of the country’s 15.48 million people aged from 55 to 79 were economically active, up 0.8 percentage point from [...]
SEOUL, July 24 (Korea Bizwire) — South Korean households have saved an additional 100 trillion won (US$77.7 billion) or over during the COVID-19 pandemic from before the pandemic on reduced consumption and increased government support, a central bank report showed Monday. Excess savings made from 2020-2022 totaled between 101 trillion won and 129 trillion won, [...]
SEJONG, July 21 (Korea Bizwire) — The number of pigs raised in South Korea edged down in the second quarter from a year earlier following the outbreak of African swine fever (ASF), data showed Friday. South Korean farms raised 11.1 million pigs in the April-June period, down 0.5 percent from a year earlier, according to [...]
SEOUL, July 21 (Korea Bizwire) — The number of South Korean listed firms that merged with or acquired business entities fell on-year in the first half of 2023, data showed Friday. A total of 47 South Korean companies either wrapped up or have been working on corporate mergers and acquisitions (M&As) during the first six [...]
SEOUL, July 21 (Korea Bizwire) — South Korea’s exports to China fell 26 percent in the first half of this year on Beijing’s falling demand for chips and display items amid a global economic slowdown, data showed Friday. Outbound shipments to China came to US$60.18 billion during the first six months of the year, compared [...]
SEOUL, July 20 (Korea Bizwire) — South Korea’s newly registered vehicles rose 12 percent in the January-June period from a year earlier, helped by increased sales of environmentally friendly models, the transport ministry said Thursday. The number of registered cars increased to 918,385 units in the first half from 822,043 units in the same period [...]
SEOUL, July 19 (Korea Bizwire) — South Korea’s barley output fell 1.1 percent in 2023 from a year earlier, data showed Wednesday, due to the adverse effects of heavy rainfall over recent months. The production of barley in the country came to 97,794 tons this year, down 1,042 tons from 2022, according to the data [...]
SEOUL, July 18 (Korea Bizwire) — The number of young South Koreans preparing for exams for public jobs and professional licenses has fallen for the second year in a row, data showed Tuesday. Some 634,000 people out of 4.16 million economically inactive people aged 15-29 have been preparing for exams to land jobs this year, [...]
SEOUL, July 18 (Korea Bizwire) — The number of North Korean defectors coming to South Korea reached 65 in the April-June period, nearly doubling from 34 three months earlier, government data showed Tuesday, in an apparent rise after China eased its strict COVID-19 restrictions. After escaping the North, 18 men and 47 women reached South [...]
SEOUL, July 18 (Korea Bizwire) — Exports of K-pop albums reached an all-time high in the first half of the year, with the United States surpassing China as the second-largest market for Korean music, data showed Tuesday. According to the data from the Korea Customs Service, exports of K-pop albums in the first six months [...]