SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s standard agency said Wednesday it plans to enhance safety surveillance of products sold on overseas shopping platforms amid soaring direct purchases made by local consumers. Under the plan, the country will monitor the safety of 1,000 products sold on major overseas platforms this year, sharply up from [...]
SEOUL, Sept. 20 (Korea Bizwire) – A recent survey has revealed that almost half of South Koreans who secured jobs abroad through government support programs over the past five years have returned home. The Human Resources Development Service of Korea (HRD Korea) conducted a follow-up survey in April and May, targeting 6,751 individuals who found employment [...]
SEJONG, Aug. 2 (Korea Bizwire) – In a significant shift in consumer behavior, South Korea’s overseas direct purchases, commonly known as “jikgu,” surpassed 2 trillion won in the second quarter of this year. This milestone, reached for the first time since record-keeping began in 2014, was largely driven by a dramatic increase in purchases from China. [...]
WASHINGTON, Mar. 27 (Korea Bizwire) — South Korean voters in the United States began to cast ballots for next month’s parliamentary elections under an overseas voting program on Wednesday, as political parties at home are cranking up their campaigns for the polls seen as a public assessment on the administration of President Yoon Suk Yeol. [...]
SEOUL, Feb. 26 (Korea Bizwire) — The combined overseas production of Hyundai Motor Co. and Kia Corp. surpassed 3.68 million units in 2023, setting the biggest offshore output since the outbreak of the COVID-19 pandemic, data showed Monday. According to data from the Korea Automobile Manufacturers Association, Hyundai Motor and Kia, South Korea’s leading automakers, [...]
SEJONG, Jan. 23 (Korea Bizwire) — South Korea’s industry ministry said Tuesday it plans to spend 100 billion won (US$74.6 million) this year to support local businesses seeking to bring their production back home from overseas. The amount marks a 75 percent rise from the 57 billion won allocated in 2023, according to the Ministry [...]
SEOUL, Sept. 10 (Korea Bizwire) — South Korean construction companies’ overseas orders increased 20 percent in the January-August period from a year earlier to exceed US$20 billion, industry data showed Sunday. Local builders obtained $21.9 billion worth of overseas orders between January and August, up from $18.3 billion worth of deals in the same period [...]
SEOUL, Feb. 28 (Korea Bizwire) — South Koreans’ overseas card spending swelled nearly 19 percent in 2022 on the back of eased COVID-19 curbs, central bank data showed Tuesday. The amount of money spent overseas by South Koreans with cards, including credit and debit cards, came to US$14.54 billion last year, up 18.9 percent from [...]
SEOUL, Jan. 26 (Korea Bizwire) — The recovery of the market for overseas travel last year was largely led by millennials and Generation Z, a South Korean travel agency said Wednesday. Hana Tour analyzed its international travel booking patterns, sorted by age group, which showed that travelers in their 20s and 30s accounted for 30 [...]
SEOUL, Oct. 10 (Korea Bizwire) — The number of South Korean citizens who have been kidnapped, detained or missing overseas in the recent five years has come to 2,762, an opposition lawmaker said Monday, citing data from the foreign ministry. Rep. Lee Jae-jung of the main opposition Democratic Party said that the number of South [...]