[Graphic News] Korean firms’ lifespans shrinking : survey

The average duration Korean manufacturers expect their firms to last is growing shorter, as they suffer from falling profitability amid the prolonged economic slowdown at home and abroad, a survey showed Monday.Korean firms’ average expected longevity was 8.4 years, according to a poll by the Korea Chamber of Commerce and Industry of 2,400 manufacturers across the nation Electronics-makers forecast the shortest lifespan, while textile producers had the longest. Nearly half of the respondents sai

IndustryAug. 2, 2016

[Graphic News] Hyundai-Kia tops domestic output proportion

Hyundai Motor Group beat global rivals in terms of the percentage of vehicles produced in its home country last year, with nearly 45 percent of its cars produced locally, a carmakers’ business lobby said Sunday. The combined proportion of domestic output for Hyundai Motor Co. and its sister company Kia Motors Corp. was 44.8 percent, the highest among the world’s top five carmakers by sales, according to data from the Korea Automobile Manufacturers Association. Hyundai Motor and its 34 percent-ow

IndustryAug. 1, 2016

[Graphic News] Road fatalities highest in Yongsan

Yongsan-gu showed the highest number of deaths caused by traffic accidents last year, Road Traffic Authority data showed Sunday.A total of 7.26 deaths per 100,000 people was caused by vehicle-related accidents in the central district, the highest among 25 districts in Seoul.Yeongdeungpo-gu and Jung-gu followed, with 6.7 deaths and 5.96 deaths per 100,000 respectively.An average of 3.18 people per 100,000 in Seoul lost their lives from traffic accidents last year.The least amount of traffic fatal

Social AffairsJuly 31, 2016

[Graphic News] Number of Korean centenarians surges

The number of South Koreans aged 100 and older soared to top 3,000 last year as the country is rapidly heading to an aged society, government data showed Monday.A total of 3,159 centenarians were living in the country whose total population amounts to 50.62 million as of November 2015. The number is up from 1,835 tallied five years earlier, according to the census data compiled by Statistics Korea. Among the centenarians, 2,731, or 86.5 percent, are female.　Their secret to living a long life is

July 26, 2016

[Graphic News] More Chinese tourists visit Japan than Korea in Q1

More Chinese tourists visited Japan than South Korea in the first quarter of this year, data showed Monday.According to Bloomberg and the China Outbound Tourism Research Institute, 735,000 backpackers from China visited Korea, a 9.6 percent increase from a year earlier. In contrast, Japan saw 913,000 Chinese tourists during that period, about double the same period last year. The Chinese travelled to Thailand the most. The boost in Japanese tourism comes from its eased tourist visa rules for the

IndustryJuly 25, 2016

[Graphic News] Global climate breaks new records

Global temperatures for the first six months of this year shattered yet more records, and mean that 2016 is on track to be the world’s hottest year on record.Arctic sea ice melted early and fast, another indicator of climate change. Carbon dioxide levels, which are driving global warming, have reached new highs.Two separate reports from the U.S National Oceanic and Atmospheric Administration and NASA’s Goddard Institute for Space Studies both highlighted the dramatic and sweeping changes in the

World NewsJuly 24, 2016

[Graphic News] Telecom firms projected to record stable Q2 earnings

South Korea‘s three major telecom operators are projected to post stable earnings in the second-quarter of this year, on the strength of curbs on their marketing spending, an industry survey showed Thursday. Under a law that took effect early last year, telecom forms are banned from waging fierce competition by wooing customers with hefty subsidies. The combined revenue of SK Telecom, KT and LG Uplus is expected to grow 2.3 percent on year to 12.6 trillion won ($11.04 billion) in the April-June

July 21, 2016