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, [...]
SEOUL, Jan. 13 (Korea Bizwire) — The number of South Korean mobile gamers rose sharply in the midst of the COVID-19 pandemic, but their per-capita spending on mobile games declined, Facebook said Tuesday. According to a report released by the U.S. social networking giant, the number of domestic mobile gamers stood at 9.4 million in [...]
SEJONG, Nov. 25 (Korea Bizwire) — South Korea’s household spending on alcohol and cigarettes reached a new record high in the third quarter as the coronavirus outbreak forced more people to stay home, government data showed Wednesday. Local households spent an average of 42,980 won (US$38.7) on liquors and cigarettes during the July-September period, up [...]
SEOUL, Nov. 3 (Korea Bizwire) — Payments made with cards in South Korea grew at a slower pace in the first nine months of the year from a year earlier as consumer spending remained tepid amid the new coronavirus outbreak, central bank data showed Tuesday. Spending made with credit, debit and prepaid cards reached a [...]