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Retail Sales Up 9.7 pct in July amid Eased Virus Curbs

Retail Sales Up 9.7 pct in July amid Eased Virus Curbs

SEOUL, Aug. 30 (Korea Bizwire) — Retail sales in South Korea rose 9.7 percent on-year in July amid eased COVID-19 curbs and the growth in people’s outdoor activities, the industry ministry said Tuesday. The combined sales of 25 major offline and online retailers came to 14.17 trillion won (US$10.48 billion) last month, compared with 12.9 [...]

Workers Using Flexible Work Arrangements Enjoy Improvement in Work-Life Balance: Poll

Workers Using Flexible Work Arrangements Enjoy Improvement in Work-Life Balance: Poll

SEOUL, Aug. 30 (Korea Bizwire) — More than 7 out of 10 South Korean office workers using flexible work systems felt an improvement in both productivity and work-life balance, a survey showed Monday. According to a survey conducted by the Federation of Korean Industries of 723 wage workers, 73.3 percent of those using flexible work [...]

Chuseok Food Preparation Cost Up 6.4 pct amid Inflation Pressure: Survey

Chuseok Food Preparation Cost Up 6.4 pct amid Inflation Pressure: Survey

SEOUL, Aug. 29 (Korea Bizwire) — The estimated cost of preparing “charye” during this year’s Chuseok fall harvest holiday climbed 6.4 percent from a year ago amid growing inflationary pressure, a research center survey showed Monday. Charye is a ceremonial Chuseok ritual honoring deceased ancestors and is usually accompanied by various types of traditional Korean [...]

20 pct of Korean Adults Do Not Seek Help Even When in Need: Study

20 pct of Korean Adults Do Not Seek Help Even When in Need: Study

SEOUL, Aug. 26 (Korea Bizwire) — One in 5 South Korean adults do not wish to seek help from others, even when they are in dire need, a study showed Thursday. The Korea Institute for Health and Social Affairs surveyed 8,185 South Korean adults between the ages of 19 and 60, dividing them into four [...]

Most Parcel Delivery Workers Work 6 Days a Week with Only 30 Minutes of Rest per Day: Poll

Most Parcel Delivery Workers Work 6 Days a Week with Only 30 Minutes of Rest per Day: Poll

SEOUL, Aug. 26 (Korea Bizwire) — Most parcel delivery personnel are working under poor labor conditions, in which they have to work six days a week, a major umbrella labor group said Thursday. The Federation of Korean Trade Unions conducted a survey on the labor environment of 210 delivery service workers who are affiliated with [...]

Apartments in Taller Buildings are More Expensive: Data

Apartments in Taller Buildings are More Expensive: Data

SEOUL, Aug. 25 (Korea Bizwire) — Apartments in taller buildings are more expensive in the greater Seoul area, a real estate big data company said Wednesday. Real Estate R114 made a price comparison of 3,403,812 apartments in the greater Seoul area sorted by floor, which showed that the average apartment price in buildings that are [...]

Residents of Seoul’s Gangnam District Have Highest Average Salary

Residents of Seoul’s Gangnam District Have Highest Average Salary

SEOUL, Aug. 25 (Korea Bizwire) — Seoul’s affluent Gangnam District has the highest average salary per resident among all cities, counties and districts in the country, a lawmaker said Wednesday. Rep. Kim Hoi-jae of the main opposition Democratic Party analyzed the Annual National Tax Statistics report, which showed that each Gangnam resident made an average [...]

S. Korea’s Total Fertility Rate Hits Record Low in 2021

S. Korea’s Total Fertility Rate Hits Record Low in 2021

SEJONG, Aug. 24 (Korea Bizwire) — South Korea’s total fertility rate hit a record low last year as the number of childbirths continued to fall, data showed Wednesday, underscoring the country’s gloomy demographic situation. The country’s total fertility rate — the average number of children a woman bears in her lifetime — came to 0.81 [...]