SEOUL, May 30 (Korea Bizwire) — South Korea’s economy showed renewed signs of weakness in April, with industrial production, consumption, and investment all posting declines — the first “triple minus” since January — as the impact of new U.S. auto tariffs begins to ripple through key sectors. According to data released Friday by Statistics Korea, [...]
SEOUL, Oct. 18 (Korea Bizwire) — Most South Korean industries are likely to see a modest recovery next year, with rechargeable batteries, automobile and shipbuilding sectors expected to show robust growth, according to a think tank Wednesday. The Hana Institute of Finance stressed the need to prepare for China’s slowing growth, strengthening of global environmental [...]
SEJONG, Jan. 6 (Korea Bizwire) — South Korea’s geospatial data industry, covering the areas of 3D maps and surveying, has been growing at a robust pace in recent years. Ihe industry’s annual sales amounted to 9.77 trillion won (US$8.14 billion) last year, up 4.6 percent year on year, according to the Ministry of Land, Infrastructure [...]
SEOUL, March 14 (Korea Bizwire) — South Korea’s information security market grew to hit nearly 12 trillion won (US$10.6 billion) last year on the back of increasing demand for online services amid the pandemic, the ICT ministry said Sunday. Total sales of the industry, which includes digital and physical security sectors, reached 11.9 trillion won [...]
SEOUL, Dec. 19 (Korea Bizwire) — The local fish cake industry has continued to grow as manufacturers of fish cakes, which used to be seen only as humble side dish ingredients, are changing consumer perceptions with high-end snacks. According to the Korea Agro-Fisheries & Food Trade Corp., sales of fish cakes in South Korea have [...]