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 [...]
SEOUL, Jan. 15 (Korea Bizwire) – The growth of regular workers in South Korea slowed to the lowest rate in 15 years in 2017, amid ongoing restructuring efforts in the shipbuilding industry, government data showed Monday. The number of regular workers rose 2.8 percent to 13.3 million last year from the previous year, according to [...]
SEJONG, Dec. 26 (Korea Bizwire) – South Korea’s key industries, including the auto and shipbuilding sectors, suffered a sharp drop in exports last year, but the country logged a decent trade surplus due to a dip in oil prices, data showed Tuesday. According to the data compiled by Statistics Korea, the country’s exports reached US$494.3 [...]
SEJONG, Dec. 5 (Korea Bizwire) — South Korean babies born in 2016 are expected to live more than 82 years as the risk of death has been diminished by medical advances and other developments, a government report showed Tuesday. The life expectancy at birth averaged 82.4 years in 2016, slightly up from the previous year’s [...]
SEJONG, Nov. 24 (Korea Bizwire) – A new study has revealed that one in five South Korean PhD graduates is jobless. According to data from Statistics Korea, nearly 23 percent of South Korean job seekers who recently graduated with a PhD degree were unemployed, despite trying to find a job. The figure rose to one in [...]
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 [...]
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 [...]
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 [...]
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, 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 [...]