SEOUL, March 7 (Korea Bizwire) — Over half of young women in South Korea said they are willing to give birth, a government survey showed Tuesday, as the nation is struggling to boost the world’s lowest fertility rate. According to the survey of 15,000 young people aged 19 to 34, 55.3 percent of female respondents [...]
SEJONG, March 7 (Korea Bizwire) — South Korea’s customs agency said Tuesday it has detected 8.2 trillion won (US$6.31 billion) worth of illegal trade activities, such as smuggling and violations of foreign currency rules. The amount marks a sharp rise from just 3.2 trillion won tallied a year earlier, according to the Korea Customs Service [...]
SEOUL, March 7 (Korea Bizwire) — South Korea’s imports of Japanese beer hit the highest level in more than three years in January amid a waning anti-Japan campaign here, data showed Tuesday. The country brought in slightly over US$2 million worth of Japanese beer in January, up a whopping 315 percent from a year earlier, [...]
SEOUL, March 6 (Korea Bizwire) — Sales of imported vehicles in South Korea rose 11 percent last month from a year earlier on improved supplies and new models, an industry association said Monday. The number of newly registered foreign vehicles stood at 21,622 units last month, up from 19,454 units a year ago, the Korea [...]
SEOUL, March 6 (Korea Bizwire) –A study released on Saturday revealed that more than 1 in 10 college students who were victims of childhood bullying went on to attempt suicide in early adulthood, which is more than double the rate of students who did not experience bullying. The study also suggests that the effects of [...]
SEOUL, March 6 (Korea Bizwire) — Religious practice in South Korea has hit its lowest point since 1998, according to a survey conducted by the Korean National Association of Christian Pastors (KNACP). The survey, which interviewed 9,182 individuals aged 19 and above between February and November 2022, found that the share that identified themselves as [...]
SEOUL, March 3 (Korea Bizwire) — Online shopping in South Korea surged 6.3 percent on-year in January as the purchase of travel services more than doubled on eased COVID-19 restrictions around the globe, data showed Friday. The value of online shopping transactions amounted to 17.91 trillion won (US$13.64 billion) last month, compared with 16.8 trillion [...]
SEOUL, March 3 (Korea Bizwire) — South Korea’s exports of skincare devices hit a fresh high in 2022, data showed Friday, as people around the globe spent more money on beauty products amid eased social distancing rules. Exports of skincare devices, including light-emitting diode (LED) masks and massage tools, reached US$353 million last year, up [...]
SEOUL, March 3 (Korea Bizwire) — The number of startups in South Korea fell more than 7 percent in 2022 from a year earlier amid a sluggish property market, government data showed Friday. A total of 1.317 million new companies were set up in the country last year, down 7.1 percent from a year earlier, [...]
SEOUL, March 2 (Korea Bizwire) — The value of foreign securities held by South Korean institutions fell in 2022 due to losses from heightened global market volatility, data showed Thursday. The outstanding amount of foreign securities held by institutional investors is estimated at US$365.29 billion as of the end of December, down from the previous [...]