consumption Archives | Be Korea-savvy
S. Korea’s Coal Consumption Up in 2018, Bucks Global Trend

S. Korea’s Coal Consumption Up in 2018, Bucks Global Trend

SEOUL, Aug. 18 (Korea Bizwire) — South Korea’s coal consumption increased last year, bucking the global trend for reducing carbon emissions, a report showed Sunday. South Korea consumed 88.2 million tons of oil equivalent (TOE), a unit of energy, in 2018, up 2.4 percent from a year ago, according to the London-based energy company BP’s [...]

Income Affects Senior Households’ Spending More than Assets: Report

Income Affects Senior Households’ Spending More than Assets: Report

SEOUL, Mar. 5 (Korea Bizwire) — Income has a greater impact than assets on consumption by South Korean households comprised of seniors, a parliamentary report said Tuesday. A 1 percent increase in elderly households’ earned income made their consumption expenditure go up 0.09 percent between 2006-2016, according to the report by the National Assembly Budget [...]

Drivers Use Less Gasoline in 2018 amid Higher Fuel Prices

Drivers Use Less Gasoline in 2018 amid Higher Fuel Prices

SEOUL, Feb. 20 (Korea Bizwire) — A gasoline-burning automobile consumed an average 1,159 liters last year, down 2.4 percent from a year earlier, as drivers cut back on spending probably to cope with high prices, industry data showed Wednesday. According to the Korea Petroleum Association, the figure marks the lowest since 2006, when the comparable [...]

‘Makgeolli’ Contributing to Alcoholic Consumption by Older Women: Report

‘Makgeolli’ Contributing to Alcoholic Consumption by Older Women: Report

SEOUL, Dec. 31 (Korea Bizwire) — The traditional alcoholic beverage “makgeolli” has contributed to the increased consumption of alcoholic beverages by older women, a report showed Monday. According to the report conducted by a team of researchers at Seoul National University College of Medicine, a daily average of alcoholic beverages consumed by women aged between [...]

Number of Chickens Raised in South Korea Hits an All-Time Record

Number of Chickens Raised in South Korea Hits an All-Time Record

SEJONG, Jul. 20 (Korea Bizwire) — The total number of chickens currently being raised domestically has risen to an all-time high. According to a report released by Statistics Korea and the Korean Institute for Animal Products Quality Evaluation yesterday, the number of chickens currently being raised in the second quarter of the year (as of [...]

South Koreans Biggest per Capita Consumers of Seafood

South Koreans Biggest per Capita Consumers of Seafood

SEOUL, Jul. 13 (Korea Bizwire) — South Korea’s yearly per capita consumption of seafood has reached nearly 60 kilograms, making the nation one of the world’s largest consumers of natural sea products, ahead of Norway and Japan. These numbers were reiterated by the Norwegian Seafood Council at a press conference held yesterday in central Seoul. [...]