SEOUL, May 5 (Korea Bizwire) — Nearly 1 in 5 children in South Korea said they are unhappy, citing pressure to do well at school as the biggest reason, a survey showed Thursday, as the country marked Children’s Day. According to the poll conducted by the health ministry and the National Center for the Rights [...]
SEOUL, May 4 (Korea Bizwire) — Sales of imported vehicles in South Korea fell 9.8 percent last month from a year earlier as chip shortages continued to affect vehicle production, an industry association said Wednesday. The number of newly registered foreign vehicles fell to 23,070 units last month from 25,578 units a year ago, the [...]
SEOUL, May 4 (Korea Bizwire) — Global tech giant Samsung Electronics Co. retained the No. 1 spot on the list of South Korea’s top 500 firms by sales, with 39 businesses newly making the list, a corporate tracker said Wednesday. Samsung Electronics, the flagship unit of South Korea’s leading family-controlled conglomerate Samsung Group, remained the [...]
SEOUL, May 2 (Korea Bizwire) — Online shopping in South Korea rose to the second-highest level in March on the back of solid demand for food delivery services and travel services amid the economic recovery, data showed Monday. The value of online shopping transactions stood at 17.2 trillion won (US$13.6 billion) in March, up 11.1 [...]
SEOUL, May 2 (Korea Bizwire) — More than half of South Koreans oppose granting a pardon to former President Lee Myung-bak, a poll showed Monday, amid rising speculation outgoing President Moon Jae-in may use his clemency powers to set Lee free before he leaves office. The Korea Society Opinion Institute survey of 1,012 adults, conducted [...]
SEOUL, May 1 (Korea Bizwire) — South Korea’s leading carmakers Hyundai Motor Co. and Kia Corp. saw their combined exports of eco-friendly cars top 100,000 units in the first three months of this year, thanks to the brisk sales of all-electric and plug-in hybrid vehicles, data showed Sunday. In the January-March period this year, the [...]
SEOUL, April 30 (Korea Bizwire) — South Korean public firms’ liabilities rose for the fourth straight year last year to hit another record high as they borrowed more to make investments amid the economic recovery, the finance ministry said Friday. Of 350 state-run companies, the combined debt of 347 firms reached 583 trillion won (US$463.4 [...]
SEOUL, April 28 (Korea Bizwire) — Retail sales in South Korea rose 7.1 percent in March from a year earlier on the back of growing demand for foodstuff, daily items and luxury goods amid the worst wave of the COVID-19 pandemic, the industry ministry said Thursday. The combined sales of 25 major offline and online [...]
SEOUL, April 28 (Korea Bizwire) — South Korea’s exports of autos declined for the first time in seven quarters in the January-March period amid global supply chain disruptions and Russia’s war with Ukraine, customs data showed Thursday. The country’s outbound shipments of cars came to US$10.93 billion in the first quarter, down 0.6 percent from [...]
SEOUL, April 27 (Korea Bizwire) — South Korea’s imports of home furnishing products hit an all-time high last year on the back of demand by stay-at-home consumers amid the COVID-19 pandemic, data showed Wednesday. The imports of eight kinds of home furnishing goods, including sofas and lamps, came to US$3.5 billion last year, up 15.6 [...]