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Retail Sales Up 9.6 pct in Nov. on Major Shopping Event, Eased Antivirus Rules

Retail Sales Up 9.6 pct in Nov. on Major Shopping Event, Eased Antivirus Rules

SEOUL, Dec. 30 (Korea Bizwire) — Retail sales in South Korea rose 9.6 percent in November from a year earlier on the back of an annual nationwide shopping event and eased antivirus restrictions, the industry ministry said Thursday. The combined sales of 25 major offline and online retailers reached 13.66 trillion won (US$11.54 billion) last [...]

Corporate Capital Spending Forecast to Grow 3.6 pct in 2022

Corporate Capital Spending Forecast to Grow 3.6 pct in 2022

SEOUL, Dec. 29 (Korea Bizwire) — South Korea’s corporate capital spending is expected to expand nearly 4 percent in 2022 on a recovery in manufacturing activity and private consumption, a poll showed Wednesday. The survey of 3,700 big, midsize and small companies, taken by the state-run Korea Development Bank (KDB), showed their combined facility investments [...]

Seoul Citizens Pick Infectious Diseases as Most Dangerous Health Hazard: Survey

Seoul Citizens Pick Infectious Diseases as Most Dangerous Health Hazard: Survey

SEOUL, Dec. 29 (Korea Bizwire) — Citizens in Seoul picked infectious diseases, such as COVID-19, as the most dangerous health hazard, followed by fine dust and climate change, a survey showed Wednesday. Infectious diseases topped the list of dangerous health and environmental factors with 4.21 points on a 5-point scale in an online survey of [...]