SEOUL, Nov. 29 (Korea Bizwire) — South Korea’s female population expanded slightly over 1 percent over the past five years to surpass the 25 million mark in 2020, census data showed Monday. The number of women in Asia’s fourth-largest economy stood at 25.16 million last year, up 275,000 from five years earlier, according to the [...]
SEOUL, Nov. 29 (Korea Bizwire) — Retail sales in South Korea surged 14.4 percent in October from a year earlier as more consumers opened their wallets amid various promotional events and cold weather, the industry ministry said Monday. The combined sales of 25 major offline and online retailers reached 13.6 trillion won (US$11.41 billion) last [...]
SEOUL, Nov. 29 (Korea Bizwire) — Nearly half of South Korean hospitality companies were unable to service their debts with earnings in 2020 in the wake of the coronavirus pandemic, a report showed Monday. The report from the Federation of Korean Industries (FKI), the lobby for South Korea’s family-controlled conglomerates, showed 45.4 percent of firms [...]
SEOUL, Nov. 28 (Korea Bizwire) — South Korean brokerage firms saw their combined net profits rise 10.5 percent in the third quarter from three months earlier, due to increased income from their proprietary trading, data showed Sunday. The combined net profit of 58 brokerages stood at 2.52 trillion won (US$2.1 billion) in the July-September period, [...]
SEOUL, Nov. 28 (Korea Bizwire) — South Korea’s exports of agricultural and fishery goods exceeded the US$10 billion mark for the first time this year, led by the popularity of “hallyu,” the Korean wave of pop culture, data showed Sunday. Outbound shipments of foodstuffs came to $10.13 billion in the Jan. 1-Nov. 25 period, up [...]
SEOUL, Nov. 26 (Korea Bizwire) — More than half of South Koreans believe an inter-Korean summit at the Beijing Winter Olympics, slated for February, will not be possible, a survey showed Friday. According to the survey on 1,000 adults by the Peaceful Unification Advisory Council on Nov. 20 and 21, 53.9 percent said an inter-Korean [...]
SEJONG, Nov. 26 (Korea Bizwire) – Foreign ownership of South Korean land expanded 1.3 percent in the first half of the year from six months earlier, the land ministry said Friday. Foreigners owned 256.7 square kilometers of land here as of end-June, up 3.39 million square meters from the end of December last year, according [...]
SEOUL, Nov. 25 (Korea Bizwire) – South Korean insurance firms’ earnings jumped more than 37 percent in the first nine months of this year amid the coronavirus pandemic and a bullish stock market, data showed Thursday. The combined net profit of insurance companies operating in South Korea came to 7.63 trillion won (US$6.4 billion) in [...]
SEOUL, Nov. 25 (Korea Bizwire) — The number of jobs for wage workers in South Korea expanded nearly 4 percent in the second quarter amid signs of the economy’s recovery from the fallout from the coronavirus pandemic, data showed Thursday. The number of paid employee jobs had reached 19.6 million as of the end of [...]
SEOUL, Nov. 24 (Korea Bizwire) — The number of babies born in South Korea fell to a record low in September, data showed Wednesday, underscoring the country’s bleak demographic situation with the chronically low birth rate. A total of 21,920 babies were born in September, down 6.7 percent from the previous year, according to the [...]