SEOUL, Sept. 27 (Korea Bizwire) — Despite the ongoing COVID-19 pandemic, the number of lawsuits being filed in South Korea continues to grow. The National Court Administration reported that the number of registered lawsuits last year amounted to 6,679,233, up by 0.68 percent (44,889 cases) since the previous year. Among them, 4,829,616 cases dealt with [...]
SEOUL, Sept. 27 (Korea Bizwire) — Personal and corporate bankruptcies filed in South Korea showed a double-digit increase last year, a report said Monday, due mainly to the economic impact of the COVID-19 pandemic. The report issued by the National Court Administration said the number of personal bankruptcies filed in 2020 rose by 10.4 percent [...]
SEOUL, Sept. 13 (Korea Bizwire) — The amount of payments made electronically hit a record high in the first half of this year, central bank data showed Monday, as the COVID-19 pandemic prompted more people to engage in contact-free commerce. The daily average amount of electronic financial transactions came to 863.5 billion won (US$738 million) [...]
SEOUL, Sept. 13 (Korea Bizwire) — Almost half of South Korea’s listed companies cut their workforce in the first half of the year in the wake of the coronavirus pandemic, a think tank said Monday. In particular, the downtrend in their payrolls is likely to last for a considerable period of time due to the [...]
SEOUL, Sept. 10 (Korea Bizwire) — A university student developed a website to make it easier for people to navigate a web of ever-changing social distancing rules on private gatherings. The creator, Kim Joon-tae, said he developed the website to reduce inconveniences coming from complicated rules on private gatherings that differ depending on time of [...]
SEOUL, Sept. 8 (Korea Bizwire) — Preference for traveling to less crowded or outdoor destinations has grown this year in South Korea amid the ongoing coronavirus pandemic, a report showed Wednesday. The Korea Culture & Tourism Institute (KCT) compared two surveys — one conducted on 2,061 people from April to May last year and the [...]
SEOUL, Sept. 2 (Korea Bizwire) — More than two thirds of owner-operated businesses are considering closing down shop as the fourth wave of the pandemic and strict social distancing measures continue to drag on, a leading private think tank said Wednesday. The Korea Economic Research Institute conducted a survey of 500 owner-operated businesses, 39.4 percent [...]
SEOUL, Sept. 2 (Korea Bizwire) — Despite a prolonged COVID-19 pandemic, tourism on the southern resort island of Jeju has recovered this year, but there has been a clear sign of polarization by business type. The Jeju Provincial Government and the Jeju Tourism Organization conducted an analysis of credit card sales generated within the province, [...]
SEOUL, Sept. 1 (Korea Bizwire) — A majority of South Korean companies are hiring online as the pandemic drags on. Online job search portal JobKorea conducted a survey of 365 South Korean businesses, 67.1 percent of whom responded that they are ‘hiring online.’ Among them, 80.4 percent of large businesses have introduced online hiring programs. [...]
SEJONG, Sept. 1 (Korea Bizwire) — The number of delivery workers in South Korea swelled nearly 12 percent in the second half of last year to hit a record high amid the coronavirus pandemic, government data showed Wednesday. Asia’s fourth-largest economy had 390,000 carriers as of the end of December last year, up 11.8 percent [...]