SEOUL, Oct. 31 (Korea Bizwire) — The portion of female directors at local financial companies stood at 4.1 percent as of the end of last year, lower than that of overall listed companies in South Korea, a report said Sunday. Among 209 outside directors at 13 banks, 27 brokerage houses and 12 insurance companies, only [...]
SEOUL, Oct. 31 (Korea Bizwire) — The wage divide in South Korea widened in the first half of the year amid the prolonged pandemic, with salaries of internet service firms rising sharply and those of tour agencies plunging, a study showed Sunday. According to report by Korea Economic Research Institute (KERI), monthly pay of workers [...]
SEOUL, Oct. 29 (Korea Bizwire) — Consumption inequality in South Korea worsened last year as the coronavirus pandemic undercut “discretionary” spending by lower-income earners due to toughened curbs on gatherings and business operation, a central bank report showed Friday. According to the report by the Bank of Korea, the consumption inequality index — a major [...]
SEOUL, Oct. 29 (Korea Bizwire) — The growth of South Korea’s exports of autos sharply slowed in the third quarter from three months earlier as disruptions of the global supply of auto chips dented vehicle output, data showed Friday. The country’s outbound shipments of cars came to US$9.7 billion in the July-September period, up 4.2 [...]
SEOUL, Oct. 28 (Korea Bizwire) — Retail sales in South Korea surged 8.2 percent in September from a year earlier, data showed Thursday, as consumers turned to “revenge shopping” amid the prolonged virus pandemic. The combined sales of 25 major offline and online retailers reached 13.2 trillion won (US$11.26 billion) last month, compared with 11.9 [...]
SEOUL, Oct. 27 (Korea Bizwire) — The number of babies born in South Korea dropped to a record low in August, data showed Wednesday, underscoring the country’s gloomy demographic situation with its chronically low birthrate. A total of 22,291 babies were born in August, down 0.5 percent from a year earlier, according to the data [...]
SEOUL, Oct. 27 (Korea Bizwire) — The number of female executives at South Korea’s top 100 firms increased in 2021 from a year earlier to surpass the 300 mark for the first time, data showed Wednesday. Those leading companies in Asia’s fourth-largest economy had a combined 322 women executives as of end-June this year, up [...]
SEOUL, Oct. 26 (Korea Bizwire) — The proportion of temporary workers in South Korea rose to over 38 percent of all salaried workers in August in the wake of the fallout from the pandemic, data showed Tuesday. The number of non-regular workers, including part-timers and outsourced laborers, came to 8.07 million as of August, up [...]
SEOUL, Oct. 26 (Korea Bizwire) — Sales of imported commercial vehicles in South Korea rose 14 percent in September from a year earlier on recovering demand amid the extended coronavirus pandemic, an industry association said Tuesday. The number of newly registered imported commercial vehicles climbed to 412 units last month from 363 a year earlier, [...]
SEOUL, Oct. 25 (Korea Bizwire) — More than 80,000 cases of dating violence were reported in the past five years nationwide, with more than 200 cases resulting in murder, police data showed Monday. According to the data of the National Police Agency, obtained by Rep. Yang Ki-dae of the ruling Democratic Party, 81,056 cases of [...]