Most Popular
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Dongduk Women’s University halts coeducation talks
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Defense ministry denies special treatment for BTS’ V amid phone use allegations
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OpenAI in talks with Samsung to power AI features, report says
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Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
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Two jailed for forcing disabled teens into prostitution
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Trump picks ex-N. Korea policy official as his principal deputy national security adviser
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S. Korea not to attend Sado mine memorial: foreign ministry
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South Korean military plans to launch new division for future warfare
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Kia EV9 GT marks world debut at LA Motor Show
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Gold bars and cash bundles; authorities confiscate millions from tax dodgers
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[Graphic News] Nearly 7 out of 10 Koreans willing to take vaccine: poll
Nearly 7 out of 10 South Koreans are willing to take vaccine shots to combat the coronavirus, a poll showed. According to the survey conducted from April 25-27 jointly by the Central Disaster and Safety Countermeasures Headquarters and the Ministry of Culture, Sports and Tourism, 69.2 percent of 912 unvaccinated respondents said they would like to get vaccinated, up by 7.8 percentage points from a month ago. About 16.1 percent answered they would not take vaccine shots, while 14.7 perce
NationalJune 3, 2021
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[Graphic News] AmCham Survey flags potential expatriate exodus from Hong Kong
More than 40 percent of the members of the American Chamber of Commerce in Hong Kong plan to or are considering leaving the financial hub, with most citing discomfort with a sweeping national security law as one reason, a survey showed May 12. The legislation imposed by Beijing in 2020, which punishes secession, subversion, terrorism and collusion with foreign forces with up to life in prison, has further strained relations between the United States and China. The AmCham survey, to whic
WorldJune 2, 2021
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[Graphic News] Older people more likely to have lost income due to COVID-19: survey
Older people were more likely to have suffered a decrease in income due to the coronavirus pandemic, a survey showed. In the survey conducted on 16,244 workers in 537 professions from August to November, 35.8 percent said they earned less in 2020 due to the economic fallout from the pandemic, according to the Korea Employment Information Service. Only 2.9 percent said they saw their income increase. The survey showed that the proportion of people who lost income grew almost in line
NationalJune 1, 2021
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[Graphic News] Local craft beers gain popularity in S. Korea
South Korea’s homegrown craft beer has gained popularity in recent years, industry data showed, as local brewers offer a wider range of flavors at competitive prices. The local craft beer market was valued at 118 billion won ($105.6 million) as of 2020, sharply up from 43.3 billion won in 2017, according to data from the Korea Craft Brewers’ Association. Local craft brewers have expanded their presence in the market as craft beers have become more widely available at conv
BusinessMay 31, 2021
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[Graphic News] Over half of Koreans say Moon-Biden summit talks went ‘well’
Over half of South Koreans positively evaluated last week’s summit meetings between President Moon Jae-in and US President Joe Biden, a poll showed. In the Realmeter poll of 2,004 adults conducted nationwide May 24-25, 56.3 percent said the Moon-Biden summit meetings went “well.” Of the positive reviews, 29.6 percent described them as going “very well,” it said. On the other hand, 31.5 percent gave it a thumbs-down. Among those who had a negative assessment
NationalMay 28, 2021
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[Graphic News] China’s population growth slows
China’s population growth slowed, with the nation becoming older and more urbanized, reshaping the economy’s demographic landscape. There were 1.412 billion people in China last year, the National Bureau of Statistics in Beijing said in its once-a-decade census report. In 2017, the government forecast a population of 1.42 billion by 2020, peaking at 1.45 billion in 2030. The annual average growth of 0.53 percent in the past decade was the slowest since 1953. China’s po
WorldMay 27, 2021
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[Graphic News] Korea ranks No. 9 for global entrepreneurship in 2020
South Korea ranked ninth among 44 countries on a 2020 measure of global entrepreneurship, six notches up from a year earlier, the government said. Asia’s fourth-largest economy won 5.49 points out of a maximum of 10 on the Global Entrepreneurship Monitor’s National Entrepreneurship Context Index, up from 5.13 in 2019, according to the Ministry of SMEs and Startups. Korea ranked first in the internal market dynamics category with 7.9 points, but came in 29th in the profession
BusinessMay 26, 2021
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[Graphic News] Insurance fraud rises 2% in 2020
Fraudulent insurance claims increased 2 percent in terms of payments last year, partly due to a rise in minor fraud as the COVID-19 pandemic hit the economy, the financial regulator said. According to the Financial Supervisory Service, insurance cheaters took a record 898.6 billion won ($808.2 million) through wrongful filings last year, up 11.7 billion won from a year earlier. The regulator identified 98,826 suspects in 2020, up 6.8 percent from a year earlier. Fraud not involving
NationalMay 25, 2021
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[Graphic News] S. Korea’s exports of cosmetics up 15% in 2020
South Korea’s exports of cosmetics shot up 15 percent in 2020 from a year earlier, data showed, on the back of growing demand from the United States and from other Asian countries. Outbound shipments of cosmetics reached $6.12 billion last year, according to the data compiled by the Korea Customs Service and the Korea Cosmetic Association. Korea’s imports of cosmetics fell 10.7 percent on-year in 2020 to $1.07 billion. Exports to China soared 24.6 percent, with shipments to J
BusinessMay 24, 2021
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[Graphic News] 19% of retail goes online amid lockdowns: UN
Online sales accounted for nearly a fifth of all retail turnover last year as lockdowns to combat the spread of the coronavirus pandemic fueled a boom in e-commerce, a United Nations study showed. Online sales accounted for 19 percent of all retail sales in 2020, up from 16 percent a year earlier, according to estimates from the UN Conference on Trade and Development based on national statistics offices in major economies. South Korea reported the highest figure at 25.9 percent, up from
World BusinessMay 21, 2021
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[Graphic News] US birth rate falls to lowest point in more than a century
The US birth rate fell 4 percent last year, the largest single-year decrease in nearly 50 years, according to a government report being released. The rate dropped for moms of every major race and ethnicity, and in nearly age group, falling to the lowest point since federal health officials started tracking it more than a century ago. Births have been declining in younger women for years, as many postponed motherhood and had smaller families. The CDC report is based on a review of more
WorldMay 20, 2021
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[Graphic News] Majority of S. Koreans support taxing gains from cryptocurrencies: poll
More than half of South Koreans support taxing capital gains from the trading of cryptocurrencies, a poll showed. The government plans to impose taxes on gains from investment in virtual assets starting next year. A poll by Realmeter showed 53.7 percent of respondents back the plan while 38.3 percent are opposed. The survey, commissioned by the news channel YTN, was conducted on 500 people aged 18 or older across the country April 29. (Yonhap)
BusinessMay 19, 2021
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[Graphic News] Global food price index climbs in April, highest since mid-2014
Global food prices increased for the 11th consecutive month in April, hitting their highest level since May 2014, with sugar leading a rise on all the main indices, the United Nations food agency said. The Food and Agriculture Organization's food price index, which measures monthly changes for a box of cereal, oil seeds, dairy products, meat and sugar, averaged 120.9 points last month versus a revised 118.9 points in March. The March figure was previously 118.5 points. The Rome-based
WorldMay 18, 2021
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[Graphic News] 67% of S. Koreans say vaccination passports will help economy: poll
Nearly 70 percent of South Koreans believe that the use of a vaccination passport, which proves that a person has been fully vaccinated against the virus, will help the economy, a poll showed. The poll from the Federation of Korean Industries, a major business lobbying group here, showed 67.4 percent expect the adoption of the passport will vitalize the economy. With the passport, 36.4 percent said they would like to take trips overseas, with 41.2 percent of them pointing to Europe as
NationalMay 17, 2021
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[Graphic News] Consumption expenditures on tourism and leisure hit hard by COVID-19
Consumption expenditures in South Korea's tourism and leisure sector decreased by more than 20 percent last year due to the coronavirus pandemic, a state-funded think tank said . In particular, foreigners’ spending in the domestic tourism and leisure sector plunged by nearly 80 percent and the travel industry was hit hardest among the relevant industries, the Korea Culture and Tourism Institute said. Last year, consumption expenditures in the nation's tourism and leisure industrie
BusinessMay 14, 2021
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[Graphic News] Korea accounts for 31% of global EV battery market in Q1
Three South Korean electric vehicle battery makers accounted for 31 percent of the global market in the first quarter, but their market share has slipped since last year in the face of tougher competition from Chinese rivals, a market research firm said. The trio - LG Energy Solution, Samsung SDI and SK Innovation - supplied a combined 47.8 gigawatt-hour equivalents of EV batteries in the January-March period, up 127 percent from a year earlier, according to the data by SNE Research.
World BusinessMay 13, 2021
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[Graphic News] Myanmar coup: 100 days of turmoil
One hundred days have passed Tuesday, since the generals made their power grab and detaining civilian leader Aung San Suu Kyi on Feb. 1. In recent weeks, protests against the coup spread across the country and the military’s response has become increasingly brutal. Around 780 civilians have been killed, as security forces have sought to suppress near-daily protests with brutal crackdowns and live rounds.
WorldMay 12, 2021
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[Graphic News] Hyundai loses top rank in FCEV market to Toyota in Q1
South Korean automaker Hyundai Motor slipped to second place in the fuel cell electric vehicle market in the first quarter as Japanese rival Toyota clinched the top rank with the release of a new model, industry data showed. Global FCEV sales jumped 89.2 percent on-year to hit a record of nearly 4,000 units in the January-March period, mostly driven by strong sales of Toyota‘s second-generation Mirai model, according to the data by SNE Research. Toyota sold about 2,000 FCEVs in t
World BusinessMay 11, 2021
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[Graphic News] Survey finds Seoul heads of household getting older, family size shrinking
The average age of heads of household in Seoul was 51.8 last year, up 2.9 years from five years ago, a survey by the city government showed. The annual survey of citizens‘ lives conducted from September-October also showed the average size of households shrank to 2.33 members from 2.64 in 2015. One-person households accounted for 33.4 percent of the total, followed by two persons with 25.8 percent, three persons with 20.6 percent and four persons with 15.8 percent. (Yonhap)
NationalMay 10, 2021
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[Graphic News] Number of N. Korean defectors plunges in Q1
The number of North Korean defectors coming into South Korea dropped 77 percent to 31 in the first quarter this year as the North’s anti-coronavirus border closures remained in place, a Unification Ministry official said. During the same period last year, 135 North Korean defectors entered the South. The ministry official cited the North’s border closure as one of the reasons for the sharp decline. (Yonhap)
North KoreaMay 7, 2021