Seoul, April 15 (IANS) South Korea added 206,000 jobs in March, topping the 200,000 mark for the second straight month, though weakness in youth employment and the manufacturing sector persisted, data showed on Wednesday.The number of employed people rose by 0.7 percent from a year earlier to 28.79 million last month, according to the data from the Ministry of Data and Statistics, reports Yonhap news agency.After slowing for two consecutive months, job growth had rebounded to the 200,000 range i…
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Seoul, April 2 (IANS) South Korea’s consumer prices rose 2.2 per cent in March from a year earlier, mainly due to a hike in global oil prices caused by prolonged tensions in the Middle East, government data showed on Thursday.The reading, which hovers above the government’s 2 percent inflation target, marks the steepest on-year increase since December, when inflation stood at 2.3 percent, according to the Ministry of Data and Statistics, reports Yonhap news agency.The latest rise was driven by a…
Seoul, Feb 25 (IANS) The number of babies born in South Korea grew at the fastest pace in 15 years in 2025, with the country’s total fertility rate rising to 0.8 for the first time in four years, government data showed on Wednesday.A total of 254,500 babies were born last year, up 6.8 per cent, or 16,100, from 2024, according to the provisional data from the Ministry of Data and Statistics. The ministry will announce the final statistics in August, reports Yonhap news agency.The 2025 tally marks…
Seoul, Feb 14 (IANS) Exports by South Korea’s 10 largest companies accounted for nearly 40 per cent of all outbound shipments last year, reaching a record high, largely driven by strong semiconductor sales, government data showed on Saturday.In 2025, outbound shipments by the top 10 exporters accounted for 39 per cent of the country’s total exports, up 2.4 percentage points from a year earlier, according to the data by the Ministry of Data and Statistics, reports Yonhap news agency.”The concentr…
Seoul, Feb 10 (IANS) Exports of large companies in South Korea rose approximately 10 per cent on-year in the fourth quarter, boosted by a rise in global semiconductor demand, government data showed on Tuesday.Outbound shipments from the top 917 of the country’s 70,223 exporting firms came to US$128.1 billion as of end-December, up 10.1 percent from a year ago, according to the data compiled by the Ministry of Data and Statistics, reports Yonhap news agency.The growth was primarily led by semicon…
Seoul, Jan 18 (IANS) The employment rate for people in their 20s fell in 2025 for the first time in five years as a shrinking population and a weak job market weighed on hiring, data showed on Sunday.The employment rate for people in their 20s stood at 60.2 percent last year, down 0.8 percentage point from a year earlier, according to data released by the Ministry of Data and Statistics. It was the first on-year decline since 2020, when hiring slumped amid the COVID-19 pandemic, reports Yonhap n…
Seoul, Jan 4 (IANS) South Korean families’ spending on private education for their children has jumped by more than 60 percent over the past decade, government data showed on Sunday.According to the Korean Statistical Information Service (KOSIS) for the Ministry of Data and Statistics, South Korean households spent just under 29.2 trillion won (US$20.2 billion) on private education in 2024, up by 60.1 per cent from 2014.This also marked a fourth consecutive year of increase in private education …
Seoul, Dec 24 (IANS) The number of babies born increased for the past 16 consecutive months as of October, but the pace of growth slowed to the lowest since the start of this year, government data showed on Wednesday. A total of 21,958 babies were born in October, up 2.5 per cent from a year earlier, according to the data compiled by the Ministry of Data and Statistics, Yonhap News Agency reported.It marked the 16th consecutive month of increase since July 2024 but also the slowest on-year growt…
Seoul, Dec 24 (IANS) The number of South Koreans relocating to new homes fell to the lowest level in 51 years for any November amid sluggish housing transactions and demographic changes, data showed on Wednesday.Around 428,000 people changed residences last month, down 8.2 percent from a year earlier, according to data from the Ministry of Data and Statistics, reports Yonhap news agency.This marks the lowest November figure since 1974, when 394,000 people moved.Population mobility has been decli…