SEOUL, Dec. 16 (Korea Bizwire) – South Korea’s manufacturing and mining sectors saw their first decline in business establishments in seven years, driven by a slowdown in the semiconductor industry and a downturn in textiles. According to Statistics Korea’s preliminary Mining and Manufacturing Survey, released on December 16, the total number of businesses with 10 or [...]
SEOUL, Oct. 22 (Korea Bizwire) – The number of employees in South Korea’s manufacturing sector in the last three months dropped at the fastest pace in 11 quarters amid a protracted economic slowdown, government data showed Sunday. A monthly average of 4.47 million people were hired by the manufacturing industry in the July-September period, down [...]
SEJONG, Jun. 19 (Korea Bizwire) — South Korea plans to utilize high-end technologies, provide full support and seek structural changes to help the country’s manufacturing sector get on a sustainable growth track and gain competitiveness, the industry ministry said Wednesday. Under the plan, the government will work to add 30,000 smart factories for small and [...]