SEOUL, Jan. 25 (Korea Bizwire) — South Korea’s top 30 family-controlled conglomerates have seen their stock market capitalization spike more than 30 percent over the past four years, with Samsung Group taking the top spot, a market tracker said Tuesday. The combined value of 201 listed firms belonging to the leading business groups, known as [...]
SEOUL, Jan. 24 (Korea Bizwire) — Eight in 10 foreigners living in and out of South Korea positively view the country, a government survey showed Monday. The Korean Culture and Information Service (KOCIS) canvassed 12,500 non-Koreans aged 16 and more in 24 countries around the world in September and found 80.5 percent of the respondents [...]
SEOUL, Jan. 24 (Korea Bizwire) — Exports of South Korea’s content industry rose 16.3 percent on-year in 2020 on the back of the global popularity of Korean pop culture, despite the coronavirus pandemic, government data showed Monday. The industry’s outbound shipments stood at US$11.9 billion in 2020, compared with $10.25 billion a year earlier, according [...]
SEOUL, Jan. 24 (Korea Bizwire) — South Korean imports of beer hit a five-year low in 2021 in the wake of a nationwide boycott of Japanese products, data showed Monday. The value of beer imports came to US$223.1 million last year, down 1.7 percent from a year earlier, according to the data compiled by the [...]
SEJONG, Jan. 24 (Korea Bizwire) — The number of discouraged workers in South Korea touched a fresh all-time high in 2021 due to a weak job market amid the prolonged coronavirus pandemic, government data showed Monday. Asia’s fourth-largest economy had 628,000 discouraged workers, the largest tally since related data tracking began in 2014, according to [...]
SEOUL, Jan. 23 (Korea Bizwire) — South Korea’s air traffic rose nearly 11 percent last year on increased domestic flights but international travel continued to falter amid the pandemic, data showed Sunday. Over 465,000 domestic and international flights flew over South Korea last year, up 10.8 percent from a year earlier, according to data from [...]
SEOUL, Jan. 23 (Korea Bizwire) — South Korean exports of red pepper paste soared nearly 63 percent in the past four years thanks to the global popularity of Korean pop culture, data showed Sunday. Overseas shipments of red pepper paste, called “gochujang” in Korean, came to US$50.93 million in 2020, up 62.6 percent compared with [...]
SEOUL, Jan. 23 (Korea Bizwire) — Exports by companies in South Korea’s free trade zones grew 89.6 percent on-year to hit an all-time high last year, the industry ministry said Sunday. Outbound shipments came to US$10.94 billion, surpassing the $10 billion mark for the first time ever, according to the data from the Ministry of [...]
SEOUL, Jan. 21 (Korea Bizwire) — South Korea’s technology trade reached the second-highest tally ever of US$29.9 billion in 2020, down 5.5 percent from the previous year, amid the global pandemic, government data showed Friday. The technology trade refers to the country’s international technology transactions, such as the use of patents, licenses and technical services, [...]
SEOUL, Jan. 21 (Korea Bizwire) — Nearly two-thirds of South Koreans have no interest in the upcoming Beijing Winter Olympics, a survey showed Friday. Gallup Korea polled 1,002 South Korean adults from Tuesday to Thursday on their thoughts on the Feb. 4-20 Winter Games in the Chinese capital. And 65 percent said they were not [...]