South Korea Archives | Be Korea-savvy
S. Korea’s Car Production Falls in 2018 to World’s 7th

S. Korea’s Car Production Falls in 2018 to World’s 7th

SEOUL, Feb. 10 (Korea Bizwire) — South Korea’s auto production tumbled for a third consecutive year in 2018 amid weaker domestic and global demand, data showed Sunday. According to the data by the Korea Automobile Manufacturers Association (KAMA), South Korea produced 4.03 million vehicles last year, down 2.1 percent from the previous year. The figure [...]

Length of Service Wage Gap Higher in S. Korea than Japan

Length of Service Wage Gap Higher in S. Korea than Japan

SEOUL, Dec. 26 (Korea Bizwire) — Amid the controversy over the revision of the minimum wage act, which includes a weekday off, South Korean companies are facing a complicated wage system. At the same time, South Korean companies have shown greater flexibility with wage increases than in Japan, meaning wages will naturally increase as service [...]

High Imports and Government Incentives to Underpin South Korea’s Continued Trade Growth

High Imports and Government Incentives to Underpin South Korea’s Continued Trade Growth

SEOUL, KOREA, Dec. 3 (Korea Bizwire) - South Korea’s trade growth remains relatively steady and upbeat despite its growth index declining by five points from the previous quarter, according to data from the DHL Global Trade Barometer released by DHL, the world’s leading logistics company. The country’s overall index for the three-month forecast period ending in January [...]

Newly Developed Index Says People’s Health Deteriorating

Newly Developed Index Says People’s Health Deteriorating

SEOUL, Dec. 3 (Korea Bizwire) — South Koreans’ health has deteriorated over the years as they suffer more from chronic conditions, bad habits and aging, a report from a team of economic professors said Monday. According to the team from Seoul National University, people’s health index, measured on a scale of zero to one, was [...]

Number of S. Korean Golfers Estimated at 6.36 mln, Only Half Have Field Experience

Number of S. Korean Golfers Estimated at 6.36 mln, Only Half Have Field Experience

SEOUL, Nov. 30 (Korea Bizwire) — According to recent data released by the Korea Golf Association, there are 6.36 million golfers in South Korea. Considering that 8.4 million people attended professional baseball games last year, the number of golf players in South Korea is extraordinary. One Japanese golf magazine reported on Korea’s passion for golf [...]

New Ways Amazon is #DeliveringSmiles this Holiday for Customers in Republic of Korea

New Ways Amazon is #DeliveringSmiles this Holiday for Customers in Republic of Korea

SEATTLE, WASHINGTON, Nov. 20 (Korea Bizwire) – (NASDAQ:AMZN) – Between shopping for gifts, preparing your home for guests, finding the perfect outfit, and prepping holiday meals, many people don’t have the time to enjoy the holidays. In fact, according to a recent survey commissioned by Amazon and conducted online by The Harris Poll, nearly four [...]

Large Companies Stuck in a “Tunnel of Uncertainty” Due to Bleak Future Outlook

Large Companies Stuck in a “Tunnel of Uncertainty” Due to Bleak Future Outlook

SEOUL, Oct. 29 (Korea Bizwire) — A number of industries that propelled South Korea to its economic “miracle” are now headed downhill. The China-U.S. trade war, rising interest rates in the U.S., lowered labor productivity and other hurdles have large Korean corporations stuck in a “tunnel of uncertainty” in which companies are unable to accurately [...]