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 [...]
SEOUL, July 17 (Korea Bizwire) – South Korea’s car exports soared nearly 50 percent on-year in the first half of the year to reach an all-time high, driven by solid demand for eco-friendly cars, the industry ministry said Monday. The value of outbound shipments of automobiles came to US$35.7 billion during the first six months [...]
SEOUL, July 17 (Korea Bizwire) — Foreign workers accounted for nearly 50 percent of crew members working in South Korea last year, the oceans ministry said Monday. A total of 60,148 crew members were working on local fishing boats as of end-2022, and 28,281 of them were foreigners, or 47 percent of the total, according [...]
SEOUL, July 16 (Korea Bizwire) — Nearly 15 percent of employees in the South Korean construction industry were foreigners in the first quarter of the year amid a shortage of local laborers at construction sites, a report showed Sunday. A total of 110,000 workers of foreign nationality were working at construction sites as of end-March, [...]