SEOUL, Nov. 24 (Korea Bizwire) — South Korea’s imports of golf equipment rose to a record high in the first 10 months of this year on the back of strong demand amid the pandemic, customs data showed Wednesday. The imports of golf clubs and other related equipment reached US$601 million in the January-October period, up [...]
SEOUL, Nov. 24 (Korea Bizwire) — Large South Korean companies’ social contributions plunged nearly 37 percent in the first nine months of the year amid the coronavirus pandemic, a corporate tracker said Wednesday. CEO Score, which tracks corporate management, said 255 out of the country’s top 500 firms by sales donated a combined 1.01 trillion [...]
SEOUL, Nov. 23 (Korea Bizwire) – More than 1 in 6 South Korean married women suffered a career break this year as they quit their jobs due to child rearing and getting married, data showed Tuesday. The number of women aged 15-54 who have stopped working after marriage reached 1.45 million in April, down 3.8 [...]
SEOUL, Nov. 23 (Korea Bizwire) — Large South Korean companies have cut their combined workforce by more than 1 percent over the past two years amid the coronavirus pandemic, a corporate tracker said Tuesday. The number of workers hired by 313 out of the country’s top 500 firms by sales came to 1.24 million as [...]
SEOUL, Nov. 22 (Korea Bizwire) — Major South Korean companies’ spending on research and development (R&D) rose more than 3 percent in 2020 with manufacturers taking up the bulk of the total, data showed Monday. R&D spending by the country’s top 1,000 corporations stood at 55.4 trillion won (US$46.6 billion) last year, up 3.35 percent [...]
SEOUL, Nov. 22 (Korea Bizwire) — South Korea’s imports of whisky soared more than 70 percent in the first 10 months of the year as more people drank at home amid the coronavirus pandemic, data showed Monday. The value of whisky imports came to US$93.21 million in the January-October period, up 73.1 percent from a [...]
SEOUL, Nov. 19 (Korea Bizwire) — Soaring costs of international raw materials are expected to eat into South Korean exporters’ profitability and lead to rising product prices down the road, a poll showed Friday. The survey of 100 major exporters, taken by the Korea Economic Research Institute (KERI), showed 83 percent of the respondents saying [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea’s exports of automobiles fell for the second consecutive month in October due mainly to an extended global supply shortage of automotive chips, data showed Thursday. Outbound shipments of automobiles reached 159,520 units last month, down 18.1 percent from a year earlier, according to the data compiled by [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea ranks low among members of the Organization for Economic Cooperation and Development (OECD) in terms of the employment rate for university graduates due mainly to a severe mismatch between their majors and job openings, a report showed Thursday. The employment rate for South Koreans aged 25-34 with [...]
SEOUL, Nov. 17 (Korea Bizwire) — Six in 10 South Koreans believe they cannot move up the social ladder even though they have a chance for better education and jobs, a survey showed Wednesday. The biennial poll released by Statistics Korea showed that 60.6 percent of the surveyed think there is a low possibility that [...]