Articles by Nam Kyung-don
Nam Kyung-don
don@heraldcorp.com-
[Graphic News] S. Korea’s exports of grapes set fresh high in 2020
South Korea’s exports of grapes shot up 35 percent on-year in 2020 to set a new record high, data showed, on the back of the growing popularity of local agricultural products overseas. Outbound shipments of grapes came to $30.7 million in 2020, compared to $22.8 million posted a year earlier, according to the data compiled by the Ministry of Agriculture, Food and Rural Affairs. Over the first four months of 2021, exports of grapes came to $7.2 million, also up nearly 50 percent fr
Business June 21, 2021
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[Graphic News] Conor McGregor tops 2020 sporting rich list: Forbes
Mixed martial arts superstar Conor McGregor was the sporting world’s highest-paid athlete in 2020, raking in around $180 million with earnings boosted by commercial ventures, a Forbes report showed. The 32-year-old Irishman only fought once in 2020, earning around $22 million from his victory over Donald Cerrone in January. The bulk of the former plumber’s pay - an estimated $158 million - came via his successful business activities, which included the sale of his Proper Twel
World June 18, 2021
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[Graphic News] Samsung ranks 2nd in Q1 chip sales: report
Samsung Electronics was the world’s second-largest semiconductor vendor in the first quarter of the year, a report showed, after posting double-digit year-on-year sales growth. The South Korean tech juggernaut logged $17.07 billion in chip sales in the January-March period, up 15 percent from a year earlier, according to the latest McClean Report released by market researcher IC Insights. Samsung, the world’s largest memory chip supplier, racked up $16.15 billion in integr
World Business June 17, 2021
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[Graphic News] Taiwan ranked top place for expats to live
Taiwan, Mexico and Costa Rica have been ranked as the top spots to live and work abroad in 2021, based on their cost of living, ease of settling in and overall quality of life. The US was ranked only 34th out of 59 places, largely because of how expats viewed quality of life in America, according to a new survey published. Taiwan topped the charts for the third year in a row in the survey of 12,420 expats conducted by InterNations, a Munich-based expat network with about 4 million memb
World June 16, 2021
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[Graphic News] Farming households' average income hits record high in 2020
The average income of farming households reached a record high of 45 million won ($40,300) in 2020 on the back of the government’s subsidies, the Agriculture Ministry said. The amount marks a 9 percent rise from 41 million won tallied in 2019, according to the data compiled by the Ministry of Agriculture, Food and Rural Affairs. It also marked 20 percent growth from 2016. The growth apparently came as the country expanded the amount of direct subsidies to local farmers.
National June 15, 2021
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[Graphic News] 30% of pets at animal shelters adopted in 2020: data
Around 30 percent of stray pets protected by animal shelters found new homes in 2020, data showed, amid the growing popularity of raising pets in South Korea. The number of pets rescued by animal shelters came to 130,401 in 2020, down 3.9 percent from 135,791 posted in the previous year, according to the data compiled by the Ministry of Agriculture, Food and Rural Affairs. The data showed 29.6 percent of the rescued animals in 2020 were adopted, up 3.2 percentage points from a year ear
National June 14, 2021
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[Graphic News] Samsung tops Q1 TV market with record share: report
Samsung Electronics maintained its status as the world‘s leading TV vendor with a record market share in the first quarter, a report showed, as the tech giant posted robust growth on the back of its QLED and large TVs. Samsung represented 32.9 percent of the global TV market in terms of sales revenue in the January-March period, its largest share for a first quarter, according to data from industry researcher Omdia. Samsung was followed by its South Korean rival LG Electronics wit
Business June 10, 2021
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[Graphic News] Cryptocurrency crimes cause over W5.5tr of losses since 2017
Financial damage caused by cryptocurrency-related crimes has totaled more than 5.5 trillion won ($4.9 billion) since 2017, a lawmaker said, citing data from police. According to Rep. Yun Chang-hyun of the main opposition People Power Party, the National Police Agency estimated the damage to be 467 billion won in 2017, 169 billion won in 2018, 764 billion won in 2019, 214 billion won in 2020 and 92 billion won from January to April this year. The NPA also said in documents sent to Yun th
Business June 9, 2021
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[Graphic News] South Korea now world‘s 5th best place to be during pandemic
South Korea rose one spot to rank as the fifth best place to be during the COVID-19 pandemic, according to Bloomberg’s COVID Resilience Ranking. New Zealand regained the top position it held for five consecutive months until April, with COVID-19 all but wiped out in the island nation, allowing its people the freedoms of pre-COVID-19 life - except for international travel. The COVID Resilience Ranking uses a wide range of data to capture where the pandemic is being handled most eff
World June 8, 2021
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[Graphic News] PC shipments in S. Korea soar to 10-year high in Q1: report
South Korea’s personal computer market expanded to its largest in 10 years in the first quarter of 2021, industry data showed, due to robust demand for online education and remote working amid the pandemic. Domestic PC shipments stood at 1.89 million units in the January-March period, up 30.7 percent from a year earlier, according to the data from market researcher IDC Korea. This was the largest PC shipment volume in Korea since the first quarter of 2012, when it recorded 1.94
Business June 7, 2021
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[Graphic News] 6,705 native Koreans have become Catholic priests: report
A total of 6,705 native Koreans have joined the Roman Catholic priesthood in the 237 years of Catholic history in the country, a report showed. According to the 2021 directory published by the Catholic Bishops’ Conference of Korea, the list of ordained priests includes Father Andrea Kim, who became the first-ever Korean Catholic priest in 1845, and Father Yoon Hong-min, who most recently received his priesthood in February. Among those, 5,515 were still active. A total of 645 have
National June 4, 2021
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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
National June 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
World June 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
National June 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
Business May 31, 2021
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