SEJONG, Nov. 24 (Korea Bizwire) — South Korea added 628,000 jobs for wage workers in the second quarter of 2022 amid the recovery of the services and construction sectors amid eased COVID-19 restrictions, data showed Thursday. The number of paid employee jobs came to 20.2 million in the April-June period, up from 19.57 tallied a [...]
SEOUL, Nov. 23 (Korea Bizwire) — The number of babies born in South Korea reached yet another record-low level in September, data showed Wednesday, leading to an overall decrease in the country’s population. A total of 21,885 babies were born in September, down 0.1 percent from the previous year, according to the data from Statistics [...]
SEOUL, Nov. 22 (Korea Bizwire) — Around 17 percent of South Korean women experienced a career break following their marriage this year, with child-rearing among the top reasons, data showed Tuesday. The number of women aged 15-54 who had stopped working after marriage had come to 1.39 million as of April, slightly down from 1.44 [...]
SEOUL, Nov. 22 (Korea Bizwire) — Seoul National University (SNU) consumed the most energy among all facilities in Seoul in 2021 for the 10th year in a row, data showed Tuesday. According to the data by the Seoul Metropolitan Government, the country’s most prestigious university consumed 53,318 tons of oil equivalent (TOEs) of energy last [...]
SEOUL, Nov. 22 (Korea Bizwire) — Major South Korean companies’ inventories spiked nearly 36 percent in the first nine months of this year amid a global economic slump, a corporate tracker said Tuesday. Combined inventories of 195 out of the country’s top 500 firms by sales came to 165.4 trillion won (US$122 billion) as of [...]
SEOUL, Nov. 21 (Korea Bizwire) – The number of people subject to the so-called comprehensive real estate tax hovered above 1 million for the first time since the scheme was introduced in 2005 amid soaring overall property prices, data showed Monday. A total of 1.3 million home and land owners will receive the tax invoice [...]
SEOUL, Nov. 21 (Korea Bizwire) — South Korea’s nationwide consumer prices rose 5.9 percent on-year in the third quarter of the year due to higher energy and dining-out costs, data showed Monday. The figure marked an expansion from the 5.4 percent on-year growth tallied a quarter earlier, according to the data from Statistics Korea. By [...]
BRUSSELS, Nov. 18 (Korea Bizwire) – Cohabs, a Brussels-based company specializing in coliving, announces the entry into its capital of three new institutional investors: global real estate investor Ivanhoé Cambridge, Belfius Insurance, and the real estate arm of the Belgian Sovereign Fund (SFPIM – Real Estate). All the founders and historical shareholders AG Real Estate and Alphastone remain on board to fuel the growth [...]
SEJONG, Nov. 17 (Korea Bizwire) — Household income rose 3 percent on-year in the third quarter from a year earlier as the country gradually returned to pre-pandemic normalcy, data showed Thursday. An average household earned 4.86 million won (US$3,644) per month in the July-September period, compared with 4.72 million won tallied a year earlier, according [...]
SEOUL, Nov. 17 (Korea Bizwire) — Net profit of South Korean listed firms declined 37.04 percent in the third quarter this year from a quarter ago amid monetary policy tightening and a slowdown in the economy, the bourse operator said Wednesday. Consolidated net profit of 601 companies on the main KOSPI market totaled 27.67 trillion [...]