SEOUL, Feb. 6 (Korea Bizwire) – The Deloitte Millennial Survey 2017 revealed that South Korean youth are losing hope in their very own economy, ranking fairly low among surveyed countries. The survey was based on 8,000 millennials from 30 countries born after 1982, with permanent jobs and at least a bachelor’s degree. It is the [...]
SEOUL, Feb. 3 (Korea Bizwire) – A growing number of South Koreans are seeking help from the state financial watchdog for damages caused by loan sharks amid a prolonged economic slump, official data showed Friday. A total of 2,306 relevant cases were reported to the Financial Supervisory Service (FSS) last year, up 89 percent from [...]
SEOUL, Feb. 2 (Korea Bizwire) – Amid a prolonged economic downturn, practicality, or cost-effectiveness, has become the key element of consideration when purchasing a new product. In other words, more people are choosing budget-friendly products with the best performance. Daiso, a discount store franchise similar to American dollar stores, is among the companies benefiting from [...]
SEJONG, Feb. 2 (Korea Bizwire) – South Korea’s consumer prices rose at the fastest clip in more than four years in January on a sharp rise in food prices, government data showed Thursday. The country’s consumer price index gained 2 percent last month from a year earlier, accelerating from the previous month’s 1.3 percent rise, [...]
SEOUL, Jan. 25 (Korea Bizwire) – It is long overdue. Six months after its global launch, Niantic’s Pokémon Go has finally come to South Korea. The augmented reality game kicked off with a good start. Local videogame stocks soared Tuesday over market anticipation, and social networking services were rampant with thrills and excitement. App analytics [...]
CHEONGJU, South Korea, Jan. 25 (Korea Bizwire) – The Korean Lunar New Year holiday starts Friday, and it usually means good news for children and young adults who visit their grandparents, aunts, and uncles for a bow in exchange for “lucky money”, cash gifts handed out as a token for a fruitful New Year. A [...]
SEOUL, Jan. 25 (Korea Bizwire) – South Korea’s economy grew at a slower pace in the fourth quarter than three months earlier on decreased demand and construction investments, central bank data showed Wednesday. In the October-December period, the country’s gross domestic product rose 0.4 percent from the previous quarter, decelerating from a 0.6 percent on-quarter [...]
SEJONG, Jan. 23 (Korea Bizwire) – More than half of South Koreans have bought lottery tickets at least once last year amid the deepening economic slump, a survey showed Monday. According to the survey of 1,000 people by the finance ministry in November last year, 55.9 percent said they have made a lottery ticket purchase [...]
SEOUL, Jan. 17 (Korea Bizwire) – The South Korean government said Tuesday it will provide small and medium-sized enterprises (SMEs) here with a record level of financial support this year via policy lenders to help them weather difficult business conditions. The lenders will increase their lending to 186.7 trillion won (US$156 billion) for the year [...]
SEOUL, Jan. 16 (Korea Bizwire) – South Korea’s top 100 large-cap companies have cut more than 7,000 jobs in 2016, data showed Monday, as they are reluctant to hire new employees amid the economy’s prolonged sluggishness. According to the data by market tracker Chaebul.com, the leading companies had a combined 861,578 employees as of the [...]