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 [...]
SEOUL, June 6 (Korea Bizwire) — Three indigenous streaming platforms in South Korea saw a rise in their users in May while global streaming giant Netflix suffered a slight fall. Tving, the nation’s largest streaming platform run by CJ ENM, saw the number of its monthly active users reach some 5.15 million in May, up [...]
SEOUL, June 6 (Korea Bizwire) – The number of smartphone users on 5G mobile networks had topped 30 million as of April for the first time since the service was commercialized in 2019, data showed Tuesday. The total number of 5G users reached 30.02 million in April, accounting for 38.1 percent of the total 78.79 [...]
SEOUL, June 6 (Korea Bizwire) — The number of flight passengers using Korean flag air carriers rose nearly 24 percent in May from a year earlier amid a nationwide move to return to pre-pandemic normalcy, government data showed Tuesday. Korean airlines carried a total of 9.32 million people on international and domestic routes last month, [...]
SEOUL, June 5 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 9.2 percent last month from a year earlier due mainly to lack of supplies in some brands, an industry association said Monday. The number of newly registered imported vehicles came to 21,339 units in May, down from 23,512 units a year [...]
SEOUL, June 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Friday their combined sales in the United States rose 21 percent in May from a year earlier on strong demand for their sport utility vehicles. Last month, Hyundai and Kia sold 141,498 vehicles in the world’s most important automobile market, [...]
SEOUL, June 2 (Korea Bizwire) — South Korea’s middle class experienced a heavier burden from the country’s steep inflation in 2022 compared with the lower- and upper-income brackets, data showed Friday. According to an experimental report released by Statistics Korea, the on-year rise in consumer prices for the middle class came to 5.2 percent in [...]
SEOUL, June 1 (Korea Bizwire) — South Korea’s terms of trade worsened for the 25th straight month in April as export prices fell faster than import prices, central bank data showed Wednesday. The country’s net terms-of-trade index for goods fell 0.5 percent last month from a year earlier, following a 5 percent dip the previous [...]
SEOUL, June 1 (Korea Bizwire) — Online shopping in South Korea jumped 6 percent on-year in April on high demand for travel and outdoor programs amid the eased COVID-19 restrictions, data showed Thursday. The value of online shopping transactions amounted to 17.86 trillion won (US$13.52 billion) in April, compared with 16.84 trillion won tallied a [...]
SEOUL, May 31 (Korea Bizwire) — The number of startups in South Korea dropped more than 4 percent in the first quarter of the year amid economic uncertainties at home and abroad, government data showed Wednesday. A total of 333,000 new companies were set up in the country in the January-March period, down 4.4 percent [...]