SEOUL, March 22 (Korea Bizwire) — The number of NEETs — people who are unemployed and not receiving an education or vocational training — marked a sharp increase in South Korea as the job environment deteriorated due to the COVID-19 pandemic. According to a report released on Sunday by the Hyundai Research Institute, the number [...]
SEOUL, March 19 (Korea Bizwire) — Seoul Ciry’s alleys have faced mixed fortunes in the era of COVID-19 pandemic. In collaboration with the Seoul Credit Guarantee Foundation, the Seoul Metropolitan Government analyzed the data on the use of Shinhan Card Co.’s credit cards in the city’s 1,009 commercial alleys for the period from October 2019 [...]
SEOUL, March 17 (Korea Bizwire) — In a sign of a mild improvement in the job market hit hard by the pandemic, South Korea’s job losses eased last month compared to the previous month, but it would take longer than expected time for employment in Asia’s fourth-largest economy to show a meaningful recovery. The number [...]
SEOUL, March 12 (Korea Bizwire) — Both the participation rate and the number of companions for walking tours declined last year due to the impact of the COVID-19 pandemic. The Ministry of Culture, Sports and Tourism and the Korea Tourism Organization carried out a survey of 2,000 Koreans aged over 15. The share of the [...]
SEOUL, March 12 (Korea Bizwire) – Innocean Worldwide Inc., a major South Korean advertising agency, released a trend report in which it said that the home workout trend evolved in the ‘2020 with corona’ era. The report said that after gaining popularity amid fine dust woes, the home workout trend gained more traction from the [...]
SEOUL, March 11 (Korea Bizwire) — Nearly 40 percent of South Koreans think air quality relatively improved last year from two years earlier, a survey showed Thursday, as fine dust air pollution declined amid the pandemic. Some 38.2 percent of those surveyed by the Statistics Research Institute said the country’s air quality improved last year, [...]
SEOUL, March 11 (Korea Bizwire) — The spread of the trend of drinking alone at home amid the prolonged COVID-19 pandemic has brought changes in drinking practices in South Korea, with more people opting to drink less but more frequently. According to a report on the results of a survey of 2,000 adults, released jointly [...]
SEOUL, March 11 (Korea Bizwire) — South Korean households’ spending on restaurants and hotels dropped in the fourth quarter of last year amid a resurge of coronavirus infections, central bank data showed Thursday. Household spending on eating out and hospitality services came to 18.9 trillion won (US$16.6 billion) in the October-December period, dropping below the [...]
SEOUL, March 9 (Korea Bizwire) — The indie music scene in South Korea has not been spared from the fallout of the COVID-19 pandemic, more so due to the government’s strict social distancing guidelines and the usually tight budgets for indie musicians. In contrast to mainstream K-pop artists, who have successfully mobilized tens of thousands [...]
SEOUL, March 9 (Korea Bizwire) – Spending on private education for children declined nearly 12 percent last year amid the fallout of the pandemic, data showed Tuesday. Total expenditures on private education for primary, middle and high school students amounted to 9.3 trillion won (US$8.1 billion) last year, down 11.8 percent from a year earlier, [...]