SEOUL, Jan. 13 (Korea Bizwire) — Foreign investors’ net purchase of South Korean securities was the biggest in 12 years last year due largely to their buying spree of local bonds, central bank data showed Thursday. Foreigners bought a net US$38.71 billion worth of Korean securities last year, sharply up from $3.47 billion the previous [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korea added the most jobs in seven years in 2021 as the job market recovered to pre-pandemic levels due to the base effect and the economic recovery, data showed Wednesday. The number of employed people reached 27.27 million last year, 369,000 more than a year earlier, according to [...]
SEOUL, Jan. 12 (Korea Bizwire) — A little over half of South Koreans support the abolishment of the Ministry of Gender Equality and Family as proposed by the main opposition party’s presidential candidate Yoon Suk-yeol, a poll showed Wednesday. According to the Realmeter survey that asked 1,011 adults on Monday and Tuesday, 51.9 percent said [...]
SEOUL, Jan. 12 (Korea Bizwire) — Major listed companies in South Korea have sharply increased their disposal of treasury shares over the past three years due mainly to efforts to boost their stock prices, a corporate tracker said Wednesday. A total of 129 listed firms retired or distributed to executives treasury shares worth 4.51 trillion [...]
SEOUL, Jan. 11 (Korea Bizwire) — The number of South Korean companies that returned home from their offshore operations and their investment at home hit an all-time high last year, the industry ministry said Tuesday. A total of 26 firms relocated their factories from overseas in 2021, compared with 24 the previous year, and their [...]
SEOUL, Jan. 10 (Korea Bizwire) — Sales of short-term corporate bonds in South Korea jumped more than 20 percent in 2021 from a year earlier amid the coronavirus pandemic, data showed Monday. Local companies issued 1,243.7 trillion won (US$1.04 trillion) worth of short-term bonds, up 20.6 percent from a year earlier, according to the data [...]
SEOUL, Jan. 10 (Korea Bizwire) — Foreign direct investment (FDI) pledges made to South Korea surged 42.3 percent in 2021 from a year earlier to reach an all-time high, data showed Monday. Foreigners pledged to invest US$29.51 billion in South Korea in 2021, compared with $20.7 billion a year earlier, according to the data by [...]
SEOUL, Jan. 10 (Korea Bizwire) — South Korea’s exports of instant noodles reached an all-time high in the first 11 months of 2021 on their global popularity amid the coronavirus pandemic, data showed Monday. Asia’s fourth-largest economy exported US$607.9 million worth of instant noodles, or “ramyeon” in Korean, in the January-November period, up 10.6 percent [...]
SEOUL, Jan. 9 (Korea Bizwire) — South Korea’s exports of kimchi hit an all-time high last year thanks to its growing popularity, data showed Sunday. Outbound shipments of the spicy Korean traditional side dish came to a record US$159.9 million in 2021, resulting in a trade surplus of $19.2 million in the sector, according to [...]
SEOUL, Jan. 6 (Korea Bizwire) — More than 16,000 people joined a year-end bell-ringing festival hosted by the Seoul city government in the metaverse, the digital arm of the city said Thursday. The Seoul Digital Foundation said an accumulated 16,067 people joined the metaverse festival marking the new year during its eight-day run from Dec. [...]