SEOUL, July 5 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 13 percent last month from a year earlier as a chip shortage continued to affect vehicle production, an industry association said Tuesday. The number of newly registered foreign vehicles stood at 22,695 units last month, down from 26,191 units a year [...]
SEOUL, July 5 (Korea Bizwire) — South Korea’s top five business groups have seen their assets surge nearly 40 percent over the past decade, a corporate tracker said Tuesday, pointing to their ever-growing clout in Asia’s fourth-largest economy. The combined assets of the leading five — Samsung, SK, Hyundai Motor, LG and Lotte — came [...]
SEOUL, July 4 (Korea Bizwire) — South Korea’s electricity demand touched a fresh all-time high in June as the country was struck by an early heat wave, data showed Monday. The country’s maximum power demand averaged 71,805 megawatts (MW) last month, up 4.3 percent from a year earlier and marking the highest tally for any [...]
SEOUL, July 4 (Korea Bizwire) — Complaints about unfair operations and the interruption of internal communications within police forces are rampant among police officers in their 20s and 30s, a survey showed Sunday. The Korean National Police University’s Police Science Institute recently conducted a survey of 1,131 newly-appointed police officers. In response to a question [...]
SEOUL, July 3 (Korea Bizwire) — With more people returning to the office amid easing of social distancing restrictions, instances of workplace harassment have also been on the rise, a survey showed Sunday. According to a poll by Embrain Public, conducted between June 10 and 16 on 1,000 office workers aged 19 or older, 29.6 [...]
SEOUL, July 1 (Korea Bizwire) — Online shopping in South Korea continued to increase in May as the lifting of virus curbs bolstered demand for travel and cultural services and foodstuffs, data showed Friday. The value of online shopping transactions stood at 17.3 trillion won (US$13.4 billion) in May, up 10.5 percent from the previous [...]
SEOUL, July 1 (Korea Bizwire) — A total of 37 South Korean nationals have won prizes at 25 international classical music competitions held in the first half of this year, a local cultural foundation said Friday. Twelve Korean pianists were awarded at 13 contests, and seven violinists won medals at nine competitions during the January-June [...]
SEOUL, June 29 (Korea Bizwire) — Nearly six out of 10 South Koreans feel first lady Kim Keon-hee has not done well in her role over the first month and a half of President Yoon Suk-yeol’s term, a survey showed Wednesday. Data Research polled 1,000 South Korean adults Monday on Kim’s performance as first lady [...]
SEOUL, June 28 (Korea Bizwire) — Three out of 10 adults under the age of 50 live with their parents, instead of living independently, a state-run think tank said Tuesday, casting light on the spreading phenomena of late marriage and non-marriage in Korean society. According to a research report issued by the Korea Institute for [...]
SEOUL, June 28 (Korea Bizwire) — Retail sales in South Korea rose 10.1 percent on-year in May on the back of growing demand for fashion-related items and other services amid the government’s relaxation of COVID-19 curbs and the growth in people’s outdoor activities, the industry ministry said Tuesday. The combined sales of 25 major offline [...]