overseas Archives | Be Korea-savvy
Hyundai, Kia’s Overseas Car Production Tops 3.68 Mln Units in 2023: Data

Hyundai, Kia’s Overseas Car Production Tops 3.68 Mln Units in 2023: Data

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, [...]

S. Korea to Spend 100 Bln Won in 2024 for Reshoring Companies

S. Korea to Spend 100 Bln Won in 2024 for Reshoring Companies

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 [...]

S. Korea’s Overseas Construction Orders Rise 20 pct in Jan.-Aug. Period

S. Korea’s Overseas Construction Orders Rise 20 pct in Jan.-Aug. Period

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 [...]

Recovery of Overseas Tourism Market Led by Millennials and Gen Z Last Year

Recovery of Overseas Tourism Market Led by Millennials and Gen Z Last Year

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 [...]

No. of S. Koreans Abducted, Detained or Missing Overseas in 5 yrs Reaches 2,762

No. of S. Koreans Abducted, Detained or Missing Overseas in 5 yrs Reaches 2,762

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 [...]

S. Korean Content Creators Get a Love Call from Overseas

S. Korean Content Creators Get a Love Call from Overseas

SEOUL, June 22 (Korea Bizwire) — South Korea’s talented content creators are getting a love call from overseas as Korean-made content including dramas are enjoying rising popularity worldwide through global media giants such as Netflix. In particular, professionals with specialty in creation and post-production such as entertainment design, color correction and visual effects (VFX) are [...]

Use of Emergency Medical Consultation Service Up Last Year Despite Pandemic

Use of Emergency Medical Consultation Service Up Last Year Despite Pandemic

SEOUL, Jan. 29 (Korea Bizwire) — The number of overseas-residing South Koreans who used the 119 emergency medical consultation service increased last year despite the outbreak of the coronavirus. The National Fire Agency revealed on Thursday that 2,617 Koreans residing abroad used the consultation service last year, up 14.9 percent from 2,277 a year ago. [...]