SEOUL, May 26 (Korea Bizwire) — The number of startups in South Korea dropped 3.4 percent in the first quarter of the year due largely to a one-off factor, government data showed Thursday. A total of 348,732 startup businesses were set up in the January-March period, compared with 360,846 a year earlier, according to the [...]
SEOUL, May 26 (Korea Bizwire) – There were more than 1.5 million gig workers who worked fewer than 15 hours a week in South Korea last month, setting a new record, according to the data from the Statistics Korea. Including those on temporary leave, the number of workers with less than 15 work hours per week neared 2 [...]
SEOUL, July 15 (Korea Bizwire) — The number of South Korean and foreign migrants declined at the sharpest-ever pace last year as the COVID-19 pandemic disrupted people’s cross-border movements, data showed Thursday. The number of international migrants, referring to those who stay for more than 90 days here, declined 15.9 percent from a year earlier, [...]
SEOUL, May 26 (Korea Bizwire) — The number of babies born in South Korea fell to a fresh record low in March, data showed Wednesday, underscoring the country’s gloomy demographic situation with the chronically low birth rate. A total of 24,054 babies were born in March, down 0.6 percent from a year earlier, according to [...]
SEOUL, April 28 (Korea Bizwire) — The number of babies born in South Korea fell to a record low in February, data showed Wednesday, underscoring the country’s chronically low birth rate. A total of 21,461 babies were born in February, down 5.7 percent from a year earlier, according to the data compiled by Statistics Korea. [...]
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 [...]
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) [...]
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 [...]
SEOUL, March 25 (Korea Bizwire) — Retail sales in South Korea rose 10 percent in February from a year earlier on the back of the Lunar New Year’s holiday, with offline stores delivering better-than-expected performance as pandemic-weary people went outside. The combined sales of 26 major offline and online retailers reached 11.6 trillion won (US$10.2 [...]
SEOUL, March 21 (Korea Bizwire) — The volume of cargo processed at South Korea’s seaports declined 2.3 percent in February from a year earlier, data showed Sunday, amid economic jitters caused by the new coronavirus pandemic. Local seaports handled 118 million tons of cargo last month, compared with 121 million tons posted a year earlier, [...]