SEOUL, Dec. 1 (Korea Bizwire) — More than 1 in 4 South Korean small businesses had to abort research and development (R&D) activities because of the pandemic last year, a survey showed Tuesday. The Korea Industrial Technology Association conducted a survey of 479 companies with a dedicated institute or a research facility, among which 65 [...]
SEOUL, Nov. 24 (Korea Bizwire) — As people continue to stay indoors in the pandemic era, South Koreans have increasingly become used to so-called homewear, home cooking and going to convenience stores near home. Shinhan Card Co., a major credit card company, compared the monthly usage of cards in early 2019, prior to the pandemic [...]
SEOUL, Sept. 15 (Korea Bizwire) — South Korea is expected to be the largest spender on chip fabrication facility equipment next year, a report showed Wednesday, amid its push to expand its semiconductor supply chain. The country, home to memory giants Samsung Electronics Co. and SK hynix Inc., is estimated to invest US$30 billion in [...]
SEOUL, Sept. 8 (Korea Bizwire) — South Korea was the world’s second-largest spender on chip equipment in the second quarter of the year, a report showed Wednesday, amid a global semiconductor shortage. South Korea, home to major memory chip producers Samsung Electronics Co. and SK hynix Inc., invested US$6.62 billion in chipmaking equipment in the [...]
SEOUL, Aug. 19 (Korea Bizwire) — South Korea tops the world charts in monthly spending on mobile games, a survey showed Wednesday. Industry tracker App Annie reported that each smartphone user in Asia’s fourth-largest economy spends an average of US$7.20 every month on Apple’s App Store and $13 on Google Play. The country had the [...]
HONG KONG SAR, Aug. 19 (Korea Bizwire) – China has seen some of the most destructive earthquakes in history. For example, the devastating 2008 Earthquake in Sichuan province killed over 69,000 people, left up to 11 million people homeless and caused up to US$20 billion in property damage. The country sits atop seismically active areas, and it [...]
SEOUL, June 3 (Korea Bizwire) — South Korea was the world’s largest spender on chip equipment in the first quarter of the year, a report showed Thursday, amid a global semiconductor shortage. South Korea, home to major memory chip producers Samsung Electronics Co. and SK hynix Inc., spent US$7.31 billion in chipmaking equipment in the [...]
SEOUL, April 14 (Korea Bizwire) — South Korean chipmakers’ spending on equipment soared 61 percent last year from a year earlier, the largest growth among major chip producing countries, industry data showed Wednesday. South Korea, home to major memory chip producers Samsung Electronics Co. and SK hynix Inc., spent US$16.08 billion in 2020, up from [...]
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) – 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, [...]