SEOUL, Feb. 19 (Korea Bizwire) — Throwing graduation caps will be a rare scene to witness this year as the coronavirus pandemic continues to rage on. Most universities and colleges have decided to cancel, minimize, or hold graduation ceremonies online. Pusan National University has cancelled its offline graduation ceremony and instead decided to distribute graduation [...]
SEOUL, Feb. 18 (Korea Bizwire) — In the midst of the sharp increase in telecommuting due to the coronavirus pandemic, shoe repair shops in high-rise office building areas are facing a crisis with a steep decline in the number of customers. According to the Seoul Metropolitan Government, 49 shoe repair shops in the city shut [...]
SEOUL, Feb. 17 (Korea Bizwire) — South Korea’s personal computer (PC) market grew more than 15 percent last year, industry data showed Wednesday, due to the rise of online education and remote working amid the pandemic. Domestic PC shipments totaled 5.26 million units in 2020, up 15.7 percent from a year ago, according to the [...]
SEJONG, Feb. 17 (Korea Bizwire) — The number of temporary and daily jobs for 20-somethings in South Korea plunged nearly 18 percent in January amid the coronavirus pandemic, data showed Wednesday. The country had 997,000 temporary and daily workers in their 20s last month, down 17.7 percent, or 214,000, from a year earlier, according to [...]
SEOUL, Feb. 16 (Korea Bizwire) — The ruling Democratic Party is discussing ways to get lucrative companies to share some of their profits with small businesses vulnerable to losses amid the coronavirus pandemic. The IT industry, one of the beneficiaries of the pandemic era, is leading the charge. South Korea’s top mobile messenger operator Kakao [...]
SEOUL, Feb. 16 (Korea Bizwire) — As more people are staying indoors following the coronavirus outbreak, projectors are gaining popularity as people spend longer hours streaming videos from Netflix and other popular media platforms. South Korea’s projector sales jumped 32 percent last year from a year earlier, according to Danawa, an online price comparison and [...]
SEOUL, Feb. 15 (Korea Bizwire) — Global streaming giant Netflix saw its subscriber numbers soar in South Korea last year due to changes in people’s media usage patterns caused by the coronavirus pandemic, a report said Monday. According to the report by market research firm Nielsen Korea, the monthly unique visitors to Netflix in South [...]
SEOUL, Feb. 15 (Korea Bizwire) — Lingering concerns over COVID-19 kept South Korean people from going to cinemas during the Lunar New Year holiday, but recently eased social distancing is expected to brighten prospects for the virus-hit film industry, box office data showed Monday. The number of moviegoers reached a total of 707,000 during the [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korea’s online food market posted explosive growth in 2020 from a year earlier due to the fallout from the coronavirus pandemic, data showed Monday. The value of online food transactions in Asia’s fourth-largest economy came to 43.4 trillion won (US$39.2 billion) last year, up 62.4 percent from a [...]
SEOUL, Feb. 14 (Korea Bizwire) — More than half of South Koreans are in favor of raising taxes for high income earners to mitigate the polarization that has deepened during the pandemic, a poll showed Sunday. In the survey of 1,000 South Koreans aged 18 or older conducted last week, 57.4 percent of respondents agreed [...]