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S. Korea’s Domestic Supply in Manufacturing Down 3.3% in Q4

S. Korea’s Domestic Supply in Manufacturing Down 3.3% in Q4

SEJONG, Feb. 7 (Korea Bizwire) – South Korea’s total supply in manufacturing fell in the fourth quarter from a year earlier on a decline in domestic supply, government data showed Wednesday. The manufacturing domestic supply index — which measures both goods produced locally and brought into South Korea — declined 3.3 percent on-year to stand [...]

Sales of Transportation Sector Rise for Two Straight Years in 2016

Sales of Transportation Sector Rise for Two Straight Years in 2016

SEJONG, Nov. 22 (Korea Bizwire) – Sales at South Korea’s transportation sector gained ground for two years in a row last year on an increase in land and air services, government data showed Wednesday. The combined sales of local transportation firms totaled 141.2 trillion won (US$129.4 billion) in 2016, up slightly from 140.9 trillion won tallied a year ago, according to the data compiled by Statistics Korea. The 2016 figure marked the [...]

Home Ownership Rate in South Korea Stands at 55.5% in 2016

Home Ownership Rate in South Korea Stands at 55.5% in 2016

SEJONG, Nov. 17 (Korea Bizwire) – The home ownership rate in South Korea came to 55.5 percent in 2016, data showed Friday. The annual data released by Statistics Korea said 10.7 million households out of 19.36 million across the country owned homes in 2016. Statistics Korea said 26.9 percent of 10.07 million households owned two [...]

Family Increasingly Prioritized Over Work for South Koreans

Family Increasingly Prioritized Over Work for South Koreans

SEJONG, Nov. 7 (Korea Bizwire) – Fewer than half of South Koreans now put work before family, according to a new survey. Findings from this year’s social survey revealed that the figure for those who prioritize work over family had dropped below 50 percent for the first time since records began at Statistics Korea. The [...]

Number of Temporary Workers Inches Up in 2017

Number of Temporary Workers Inches Up in 2017

SEJONG, Nov. 3 (Korea Bizwire) – The number of temporary workers in South Korea rose slightly this year from 2016, with its percentage also gaining ground, government data showed Friday. A total of 6.54 million workers were non-regular workers, part-timers and outsourced laborers as of August 2017, up 1.5 percent, or 98,000, from a year ago, according to the data by Statistics Korea. They accounted for 32.9 percent of the country’s salaried [...]

Busan to Lend Suits to Job Seekers Amid Growing Youth Unemployment

Busan to Lend Suits to Job Seekers Amid Growing Youth Unemployment

BUSAN, Sept. 29 (Korea Bizwire) – The Busan Metropolitan Government has announced plans to launch a complimentary suit rental service for young people who are preparing for job interviews in response to the growing issue of youth unemployment in the city. During a steering group meeting for employment policy on Thursday, government officials in Busan discussed [...]