tally Archives | Be Korea-savvy
Q1 Auto Exports Up 17 pct on Increased Demand for SUVs, Eco-friendly Cars

Q1 Auto Exports Up 17 pct on Increased Demand for SUVs, Eco-friendly Cars

SEOUL, April 13 (Korea Bizwire) — South Korea’s exports of automobiles shot up nearly 17 percent in the January-March period from a year earlier, data showed Tuesday, on the back of rising demand for premium automobiles, including SUVs and eco-friendly cars. Outbound shipments of automobiles reached 555,430 units in the first quarter, compared with 475,165 [...]

Daily Transactions of Internet Banking Up 21 pct Last Year amid Pandemic

Daily Transactions of Internet Banking Up 21 pct Last Year amid Pandemic

SEOUL, April 5 (Korea Bizwire) — Daily transactions of internet banking services in South Korea rose 20.6 percent last year as customers preferred using financial services in a non-contact manner amid the pandemic, central bank data showed Monday. The value of daily transactions via online banking, including mobile banking, reached 58.7 trillion won (US$52 billion) [...]

Electronic Payments Hit Record High in 2020 amid Pandemic

Electronic Payments Hit Record High in 2020 amid Pandemic

SEOUL, March 29 (Korea Bizwire) – The amount of payments made electronically hit a record high last year, central bank data showed Monday, as the COVID-19 pandemic prompted people to engage in contact-free commerce. The daily average amount of electronic financial transactions came to 705.5 billion won (US$624 million) in 2020, up 32.7 percent from [...]