SEOUL, July 11 (Korea Bizwire) — South Korea’s population is set to fall to 38 million in 2070 due to its critically low birth rates, data showed Tuesday, with those aged 65 and above set to take up around 46 percent. The figure marks a sharp drop from the 52 million estimated for this year, [...]
SEOUL, July 9 (Korea Bizwire) – Japanese topped the list of inbound travelers to South Korea in the first five months of this year, data showed Sunday. A total of 665,611 Japanese nationals visited South Korea between January and May, accounting for 19.2 percent of total inbound travelers to the country, according to data compiled [...]
SHENYANG, July 9 (Korea Bizwire) — North Korea’s mask imports from China tumbled 78 percent in May from a month earlier, trade data showed Sunday, as it appears to have recently eased strict COVID-19 restrictions. The North’s mask imports from China stood at US$28,746 in May, the lowest level in seven months, according to the [...]
SEOUL, July 6 (Korea Bizwire) — Overseas orders for industrial plants won by South Korean builders spiked more than 40 percent on-year in the first half of 2023 on brisk demand from the Middle East and Africa, data showed Thursday. Local builders clinched US$13.05 billion worth of plant orders from abroad in the January-June period, [...]
SEOUL, July 5 (Korea Bizwire) — The number of apprehended drug offenders surged to a record high of 18,395 last year, driven by crimes among young people and foreigners, a prosecution report showed Wednesday. According to the 2022 white paper on drug crimes published by the Supreme Prosecutors Office, the figure marks an upsurge of [...]
SEOUL, July 4 (Korea Bizwire) — Foreign direct investment (FDI) pledges to South Korea jumped 54.2 percent on-year in the first six months of this year to reach a record high for any first-half period, data showed Tuesday. The country received US$17.09 billion of FDI commitments in the January-June period, compared with $11.09 billion logged [...]
SEOUL, July 3 (Korea Bizwire) — Online shopping in South Korea rose 8.7 percent on-year in May on the stronger demand for travel services amid the eased COVID-19 restrictions, data showed Monday. The value of online shopping transactions amounted to 19.24 trillion won (US$14.6 billion) last month, compared with 17.7 trillion won tallied a year [...]
SEOUL, July 3 (Korea Bizwire) — South Korea’s exports to the United States rose more than 5 percent per year on average over the past decade thanks to the 2012 bilateral free trade agreement, compared with a 1.5 percent increase in the country’s overall exports, a think tank said Monday. South Korea’s shipments to the [...]
SEOUL, July 2 (Korea Bizwire) – South Korea’s passengers using Korean flag air carriers reached some 84 percent of pre-pandemic levels in the first half, government data showed Sunday. From January to June, the number of passengers on domestic and international routes amounted to 53.39 million, or 83.9 percent of the tally reported in the [...]
SEOUL, July 2 (Korea Bizwire) — The K-pop sensation BTS enjoys the most loyal fanbase based on how far its supporters are willing to travel, a survey by a U.S. travel information site showed Sunday. Upgraded Points released the results of its poll titled, “How Far Would You Travel to See Your Favorite Artist?” on [...]