Korea Falls to 7th Place in Global Car Production
Korea was overtaken by Mexico last year in terms of car production volume and fell to the No. 7 spot, partly because many Korean carmakers have moved production overseas. Korea ceded its nominal ranking among the world's top five automakers to India in 2016 and has now fallen one more notch. It was,...More
Hyundai-Kia Among Global Top 10 in EV Sales for 1st Time
Hyundai and affiliate Kia have been included in the world's top 10 electric vehicle makers for the first time after they entered the market in 2012. The automakers sold a combined 90,860 EVs worldwide last year, ranking eighth in the world, market researcher EV Volumes said last week. They rose dra,...More
Ready-to-eat meals are becoming increasingly popular as more Koreans live alone, but at the same time they are taking more health supplements to make up for what they miss in fresh food.
The findings were released by the Ministry of Agriculture, Food and Rural Affairs and Korea Rural Economic Institute, which conducted a survey on 2,021 households in July and August last year...More
People rally in favor of legalizing abortion in Seoul. /Yonhap
Three out of four Korean women of childbearing age believe abortion should be legalized, a poll suggests. The Korea Institute for Health and Social Affairs carried out an online survey of 10,000 women between 15 and 44 last autumn, and 75.4 percent of respondents agreed that abortion should be legal.
The government conducted its own surveys on abortion in 2005 and 2011, and although no exact comparison can be drawn, the general trend is overwhelmingly in favor of legalization...More
Korean game developers posted paltry earnings in the fourth quarter last year. Netmarble said Wednesday that fourth-quarter sales fell 20.9 percent on-year to W487.1 billion, while operating profit nosedived 59 percent W38 billion (US$1=W1,123).
Nexon said a day earlier that fourth-quarter revenues fell 13 percent to W459.4 billion, while operating profit plummeted 67 percent to W38.9 billion. NCsoft also posted a 40 percent drop in operating profit in the same period...More
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