SEOUL, Jan. 28 (Korea Bizwire) – South Korea took up less than 7 percent of China’s total imports last year, the lowest in 30 years, amid a change in the two countries’ trade relations and a global slump in the IT industry, data showed Sunday. South Korea accounted for 6.3 percent of China’s total inbound [...]
SEOUL, Jan. 23 (Korea Bizwire) – The number of labor union members in South Korea and the unionization rate, or the percentage of workers represented by a union, have both taken a downward turn, the labor ministry said Tuesday. According to the ministry’s latest data, the number of organized workers shrank by 210,000 to 2.72 [...]
SEOUL, Jan. 4 (Korea Bizwire) – BMW Korea overtook Mercedes-Benz Korea to become the leading foreign automobile company in South Korea last year in terms of sales, industry data showed Thursday. According to the Korea Automobile Importers & Distributors Association (KAIDA), the number of newly registered BMW models last year reached 77,395 units out of the [...]
SEOUL, Dec. 24 (Korea Bizwire) – South Korea’s exports of eco-friendly vehicles surged 32.5 percent on-year to a record high during the first 11 months of this year on solid global demand for electric vehicles (EVs), data showed Sunday. The export volume of eco-friendly automobiles came to 662,307 units during the January-November period, compared with [...]
SEOUL, Dec. 24 (Korea Bizwire) – The number of foreign nationals having jobs in South Korea reached an all-time high of nearly 1 million this year, and nearly 80 percent of them were affiliated with companies with fewer than 50 workers, data showed Sunday. The number of foreigners aged 15 and older residing in the [...]
SEOUL, Dec. 21 (Korea Bizwire) – The number of newly established companies in South Korea fell for the second consecutive year in 2022 amid an economic slowdown, data showed Thursday. Some 997,000 businesses were newly established last year, down 3.5 percent from a year earlier, according to the data compiled by Statistics Korea. In 2021, [...]
SEOUL, Nov. 29 (Korea Bizwire) – Over 85,000 foreign nationals own a house in South Korea, with Chinese possessing more than half of real estate properties held by foreigners in the country, government data showed Wednesday. A total of 85,358 foreign nationals owned a house in South Korea as of end-June, up 4.6 percent from [...]
SEOUL, Nov. 19 (Korea Bizwire) – A survey reveals that over half of the companies listed as intending to venture into new businesses such as secondary batteries and artificial intelligence (AI) had no track record of actually promoting such initiatives. The Financial Supervisory Service (FSS) released a report on Sunday titled ‘Follow-up on the Results [...]
SEOUL, Nov. 3 (Korea Bizwire) – Sales of imported vehicles in South Korea dropped 15.9 percent in October from a year earlier due to weakened demand for foreign electric vehicle (EV) models, industry data showed Friday. The number of newly registered imported cars last month totaled 21,329 units, compared with 25,363 units a year ago, [...]
SEOUL, Oct. 24 (Korea Bizwire) –A recent survey revealed that more than half of delivery workers have seen a reduction in their income since the onset of the COVID-19 pandemic. The study, conducted online by the Delivery Platform Workers’ Union and the National Legislative Center over the course of a month, beginning on July 24th [...]