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Sales of Used Cars in S. Korea Hit Record High in Feb.

SEOUL, April 6 (Korea Bizwire) – Transactions of used cars in South Korea hit a record high in February, government data showed Wednesday, amid a protracted economic slump. A total of 283,875 second-hand cars were registered in February, marking the largest number in any past February results, according to the data compiled by the Ministry [...]

Wage Gap Between SMEs, Conglomerates Widens in 2015

SEOUL, March 2 (Korea Bizwire) – The wage gap between South Korea’s small and medium enterprises (SMEs) and conglomerates expanded on-year in 2015, data showed Tuesday, reflecting the growing imbalance in compensation among salaried workers. According to the data compiled by the Ministry of Employment and Labor and Statistics Korea, employees at smaller companies only made 62 percent of [...]