SEJONG, Nov. 4 (Korea Bizwire) — The number of nonwage workers, such as the self-employed, in South Korea inched down 0.4 percent in 2021 from a year earlier amid the coronavirus pandemic, government data showed Thursday. There were 6.61 million unsalaried workers as of August, down 292,000 from the same period in 2018, according to [...]
SEOUL, Nov. 2 (Korea Bizwire) — As the public’s interest in health and weight control increased following the COVID-19 pandemic, ‘low food’ that has been regarded as a niche product is emerging as a main product for the South Korean food industry. Low food refers to food that has reduced levels of specific ingredients such [...]
SEOUL, Nov. 1 (Korea Bizwire) – City centers in Seoul welcomed back the return of rush hour crowds Monday morning as office workers and students resumed their in-person lives under the government’s “living with COVID-19″ scheme aimed at bringing the nation gradually back to pre-pandemic normalcy. South Korea activated on Monday the first of the [...]
SEOUL, Oct. 29 (Korea Bizwire) — Consumption inequality in South Korea worsened last year as the coronavirus pandemic undercut “discretionary” spending by lower-income earners due to toughened curbs on gatherings and business operation, a central bank report showed Friday. According to the report by the Bank of Korea, the consumption inequality index — a major [...]
SEOUL, Oct. 19 (Korea Bizwire) — The number of employees in the food service segment rebounded in April from a year earlier as the job market recovered amid the economic recovery, data showed Tuesday. The number of people employed at restaurants and eateries reached 1.6 million in April, 65,000 more than the previous year, according [...]
ANSEONG, Oct. 17 (Korea Bizwire) — Koh Jin-taek is proud of having built a small but stable farming business in Anseong, 77 kilometers south of Seoul, over the past two decades producing primarily lettuce, chicory and other types of leafy vegetables. He currently owns 44 vinyl greenhouses and had supplied nearly 10,000 kilograms of produce [...]
SEOUL, Oct. 11 (Korea Bizwire) — A recent study revealed that migrant workers in South Korea have been struggling with economic difficulties and discrimination after the spread of COVID-19. Professor Shim Mi-seung from Chonnam National University and professor Park Ji-hyeon from Pyeongtaek University conducted extensive interviews last year with seven foreign workers who have experienced [...]
SEOUL, Oct. 1 (Korea Bizwire) — The novel coronavirus pandemic has caused a combined 8.82 trillion won (US$7.4 billion) worth of damage to South Korea’s culture, sports and tourism sectors since it broke out early last year, a government report showed Friday. The amount of consumer spending in the tourism and leisure sector decreased by [...]
SEOUL, Sept. 30 (Korea Bizwire) — The growth in the number of workers hired by businesses in August fell to a five-month low last month, as the COVID-19 pandemic continued to weigh down on the economy, the government said Thursday. The total number of workers employed by businesses as of the end of last month [...]
SEOUL, Sept. 27 (Korea Bizwire) – It has been a year and a half since Gimpo International Airport shut down all international flights following the coronavirus outbreak, and the pandemic continues to rage on. The international flight terminal has been emptied, with 18 out of 19 duty-free shops and restaurants at the terminal temporarily closed [...]