SEOUL, June 18 (Korea Bizwire) — South Koreans’ combined purchase of the Japanese currency at local banks jumped nearly fivefold in May from a year earlier, data showed Sunday, as more people took advantage of a weaker yen. The amount of Japanese currency sold at the country’s four major banks came to 30.16 billion yen [...]
SEOUL, June 16 (Korea Bizwire) — South Koreans aged 65 and above are set to make up 46.4 percent of the total population in 2070, data showed Friday, a projection that shows rapid population aging amid the country’s critically low birthrate. The figure marks a sharp rise from the 18.4 percent estimated for this year, [...]
SEOUL, June 15 (Korea Bizwire) — South Korea’s car exports soared nearly 50 percent on-year in May driven by vibrant demand for eco-friendly cars, particularly in the U.S. market, the industry ministry said Thursday. The value of outbound shipments of automobiles came to US$6.2 billion last month, up 49.4 percent from a year earlier to [...]
SEOUL, June 14 (Korea Bizwire) — South Korea’s job additions slowed for the second consecutive month in May following a brief rebound in March amid lingering economic uncertainties, data showed Wednesday, although the employment rate nevertheless reached a fresh high. The number of employed people came to 28.83 million in May, up around 351,000 from [...]
SEOUL, June 13 (Korea Bizwire) — The number of airport bus passengers in Seoul has exceeded 2 million during the first five months of this year, driven by the expansion of travel demand as coronavirus cases decreased, the Seoul metropolitan government said Tuesday. From January to May, a total of 2.11 million people used airport [...]
SEOUL, June 13 (Korea Bizwire) — South Korean companies’ sales growth slowed and their profitability narrowed last year, central bank data showed Tuesday, as higher borrowing costs and increased prices of raw materials ate into their bottom line. Corporate sales increased 16.9 percent last year from a year earlier, slowing from 17.7 percent growth the [...]
SEOUL, June 11 (Korea Bizwire) — South Korean tech giant Samsung Electronics Co. was the most preferred stock as gifts among domestic investors last month, a local brokerage analysis showed Sunday. Shares in Samsung Electronics topped gifting stock services of the home trading and mobile trading systems operated by the country’s seven securities companies in [...]
SEOUL, June 11 (Korea Bizwire) — Approximately 16,000 elderly South Koreans are presumed to have died over the past five years while awaiting reunions with family members in North Korea who were separated by the 1950-53 Korean War, data showed Sunday. According to data from the unification ministry, around 3,400 to 3,700 people have died [...]
SEOUL, June 8 (Korea Bizwire) — More than one out of three South Koreans who changed jobs in 2021 experienced a wage decline amid the COVID-19 pandemic, data showed Thursday. The number of registered employees who were eligible for state insurance programs came to 25.49 million in 2021, up 2.7 percent from the previous year, [...]
SEOUL, June 6 (Korea Bizwire) — Prices of clothes and shoes in South Korea rose at the fastest pace in 31 years last month as a growing number of people enjoyed outdoor activities after the yearslong pandemic, government data showed Tuesday. The price index for clothing and shoes rose 8 percent in May from a [...]