SEOUL, Aug. 19 (Korea Bizwire) — South Korean household income declined in the second quarter from a year earlier due to last year’s high base after the government doled out massive pandemic relief funds to all households the previous year, data showed Thursday. The average household earned 4.29 million won (US$3,600) per month in the [...]
SEOUL, Aug. 17 (Korea Bizwire) — With summer vacations ending, children started to return to their classrooms under relaxed distancing rules for schools Monday, despite an uncontrolled outbreak of the coronavirus. Last week, the Ministry of Education eased social distancing guidelines in schools for the fall semester. The measure was aimed at running in-person classes [...]
SEOUL, Aug. 17 (Korea Bizwire) – Tourist arrivals in South Korea plunged more than 95 percent in the first half of the year due to global travel curbs amid the coronavirus pandemic, data showed Tuesday. The data from the state-run Korea Tourism Organization (KTO) showed 73,000 foreign tourists visited South Korea in the January-June period, [...]
SEOUL, Aug. 17 (Korea Bizwire) – As the fourth wave of the coronavirus pandemic continues to sweep across the country, demand for tableware has been on the rise over the past 30 days as a growing number of individuals are trying to cut back on disposable materials as they eat at home. Online shopping mall [...]
SEOUL, Aug. 13 (Korea Bizwire) – South Korea’s tax agency said Friday it will temporarily delay tax probes for smaller merchants who have suffered losses due to state orders for business shutdowns or suspensions over the pandemic. The National Tax Service (NTS) said it will suspend tax investigation until the end of next year for [...]
SEOUL, Aug. 12 (Korea Bizwire) — South Korea’s online food market jumped more than 45 percent in the first half of the year from a year earlier due to the fallout from the coronavirus pandemic, data showed Thursday. The value of online food transactions in Asia’s fourth-largest economy stood at 27.8 trillion won (US$24 billion) [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korea is suffering from the worst wave of the coronavirus pandemic despite tough restrictions across the country as more contagious variants are fast spreading amid the lagging vaccination drive, putting the country’s virus battle in jeopardy. New cases have rapidly risen across the nation since early July, surging [...]
SEOUL, Aug. 10 (Korea Bizwire) — South Koreans’ interest in money-making strategies and health food rather than travel increased sharply after the outbreak of the COVID-19 pandemic, a survey showed Monday. According to a survey conducted by a travel platform operator Yanolja of 1,344 customers in their 20s to 40s, the share of the respondents [...]
SEOUL, Aug. 8 (Korea Bizwire) — The South Korean economy is facing heightened uncertainty as the recovery of domestic demand is likely to slow amid a recent spike in COVID-19 cases, a state-run think tank said Sunday. Asia’s fourth-largest economy is on a recovery track amid solid exports, but the toughest-ever virus curbs, in effect [...]
SEOUL, Aug. 5 (Korea Bizwire) — Thousands of pubs and karaoke bars have disappeared across South Korea over the past year due to tough social distancing rules resulting from the COVID-19 pandemic. The number of pubs registered across the country as of the end of May totaled 27,840, down 11.6 percent or 3,636 compared to [...]