SEOUL, Sept. 5 (Korea Bizwire) — South Korea is expected to become the country with the largest share of people aged 65 years or older in the world in 2044 due to rapid aging, data showed Monday. The proportion of senior citizens in South Korea is forecast to account for 36.7 percent of the total [...]
SEOUL, Sept. 5 (Korea Bizwire) – Sales of imported vehicles in South Korea rose 7.8 percent last month from a year earlier despite the extended chip shortage, an industry association said Monday. The number of newly registered foreign vehicles stood at 23,850 units last month, up from 22,116 units a year ago, the Korea Automobile [...]
SEOUL, Sept. 4 (Korea Bizwire) — Foreigners’ net stock purchases reached nearly 4 trillion won (US$2.9 billion) in the South Korean stock markets last month despite the won’s weakness against the dollar, data showed Sunday. In August, foreigners bought 3.98 trillion won worth of stocks in the main KOSPI, tech-heavy KOSDAQ and small businesses-focused KONEX [...]
SEOUL, Sept. 2 (Korea Bizwire) — The mutual approval rate between South Korea and Japan has recovered to the levels of 2019, prior to the outbreak of the boycott movement against Japanese products, a survey showed Thursday. The percentage of South Koreans with a favorable view of the neighboring country rose from 20.5 percent last [...]
SEOUL, Sept. 2 (Korea Bizwire) — More than 7 in 10 South Koreans play video games, and more people are playing games with their children, a poll showed Thursday. The Korea Creative Content Agency conducted a survey of 6,000 people between the ages of 10 and 65, in which 74.4 percent had played video games [...]
SEOUL, Sept. 2 (Korea Bizwire) — Duty-free sales in South Korea sank nearly 15 percent to a six-month low in July due to decreased spending by foreigners, industry data showed Friday. Combined sales at duty-free shops in Asia’s fourth-largest economy stood at 1.25 trillion won (US$920 million)) in July, down 14.6 percent from a month [...]
SEOUL, Sept. 1 (Korea Bizwire) — More than half of South Korean baseball fans think tossing the bat with flair after home runs can help increase the popularity of the game, a survey showed Thursday. Realmeter polled 500 South Koreans over 18 on Aug. 12 on bat flips. The survey had a 95 percent confidence [...]
SEOUL, Sept. 1 (Korea Bizwire) — Online shopping in South Korea rose 8.8 percent on-year in July as eased COVID-19 restrictions bolstered demand for travel and leisure services, and online grocery shopping continued to grow, data showed Thursday. The value of online shopping transactions came to 17 trillion won (US$12.6 billion) in July, compared with [...]
SEOUL, Sept. 1 (Korea Bizwire) — A significant number of parents working in Seoul haven’t taken any parental leave in fear of lagging behind the competition at work or burdening others with their workload, a survey showed Wednesday. The Seoul Foundation and Women and Family conducted a survey of 2,005 Seoul residents (1,482 women, 523 [...]
SEOUL, Sept. 1 (Korea Bizwire) — One in 5 foreign nationals staying in South Korea are illegal immigrants, with the number of undocumented immigrants rising to nearly 400,000, government data showed Thursday. According to the data compiled by the Ministry of Justice, 395,068 foreigners were staying in the country without a valid visa in July, [...]