SEOUL, April 13 (Korea Bizwire) — South Korea reported job additions for the 13th consecutive month in March, but job growth slowed from the previous month as employment in in-person services was hit by the upsurge in COVID-19 cases, data showed Wednesday. The number of employed people came to 27.75 million last month, up 831,000 [...]
SEOUL, April 13 (Korea Bizwire) — The number of registered vehicles in South Korea had surpassed 25 million as of end-March, which means one out of every two South Koreans owns a vehicle, data showed Wednesday. Car registrations had come to 25.07 million units in the country of 52 million people as of end-March, up [...]
WASHINGTON, April 11 (Korea Bizwire) — Incheon International Airport, the main gateway to South Korea, became the world’s second-busiest cargo airport in 2021, up one notch from the previous year, a trade body said Monday. Incheon International Airport handled 3.23 million tons of international cargo, up 18.6 percent from a year earlier, according to the Airports [...]
SEOUL, April 11 (Korea Bizwire) — South Korea’s personal pension savings grew 5 percent in 2021 as younger people have keen interest in making preparations for post-retirement life, data showed Monday. The country’s personal pension savings reserves came to 160.1 trillion won (US$130.2 billion) last year, up from the previous year’s 152.5 trillion won, according [...]
SEOUL, April 10 (Korea Bizwire) — Over 1 in 5 vehicles sold by Hyundai Motor Co. and its smaller affiliate Kia Corp. so far this year have been eco-friendly cars, backed by their growing popularity, industry data showed Sunday. The two South Korean automakers sold a combined 64,417 hybrid and electric vehicles in the January-March [...]
SEOUL, April 7 (Korea Bizwire) — Excess funds held by South Korean households and nonprofit organizations fell last year from a year earlier as private spending increased amid the economic recovery, central bank data showed Thursday. Net financial funds — the value of financial assets minus financial liabilities — held by local households and nonprofit [...]
SEOUL, April 7 (Korea Bizwire) — Foreign direct investment (FDI) pledges to South Korea jumped 14.9 percent in the first quarter from a year earlier to reach the highest first-quarter figure ever, data showed Thursday. The country received US$5.45 billion worth of FDI commitments in the January-March period, compared with $4.74 billion logged a year [...]
SEOUL, April 5 (Korea Bizwire) — South Korean online banks’ household loans grew nearly 8 percent in the first three months of this year amid decreased lending by offline rivals, industry sources said Tuesday. Outstanding household lending by the three online banks — Kakao Bank, K-Bank and Toss Bank — came to 36.14 trillion won [...]
SEOUL, April 5 (Korea Bizwire) — Jet fuel consumption in South Korea tumbled to a 17-year low in 2021 in the wake of the coronavirus pandemic, data showed Tuesday. Jet fuel consumption in Asia’s fourth-largest economy came to 21.17 million barrels last year, down 2.6 percent from a year earlier, according to the data from [...]
SEOUL, April 4 (Korea Bizwire) — The number of male victims of digital sex crimes compiled by a state support agency doubled last year from the previous year, the Ministry of Gender Equality and Family said Monday. The Digital Sexual Crime Victim Support Center extended assistance to 1,843 male victims in 2021, marking a near [...]