Articles by Nam Kyung-don
Nam Kyung-don
don@heraldcorp.com-
[Graphic News] Exports of sauces hit all-time high
South Korea’s exports of sauces reached an all-time high in 2020 as more people enjoyed cooking at home around the globe amid the new coronavirus pandemic, data showed. Outbound shipments of sauces rose 25.8 percent on-year in 2020 to reach $301.7 million, according to the data compiled by the Korea International Trade Association. KITA said the growth also came as global consumers became more aware of Korean-style foods following the popularity of Korean cultural content overseas
Business Feb. 19, 2021
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[Graphic News] S. Korea’s exports of cosmetics up 16% in 2020
South Korea’s exports of cosmetics shot up 16 percent in 2020 from a year earlier, data showed, on the back of the growing demand from the United States and elsewhere in Asia. Outbound shipments of cosmetics reached $7.57 billion last year, according to the data compiled by the Korea Customs Service and the Korea Cosmetic Association. Experts say the growth was attributable to the Hallyu, or Korean Wave, which has resulted in a boom in Korean entertainment products such as pop mus
Business Feb. 18, 2021
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[Graphic News] Over half of S. Koreans in favor of tax hike on high earners: poll
More than half of South Koreans are in favor of raising taxes for high income earners to mitigate the polarization that has deepened during the pandemic, a poll showed. In the survey of 1,000 South Koreans aged 18 or older conducted early February, 57.4 percent of respondents agreed to a tax hike on high earners in the face of a widening income gap, while 39.3 percent disagreed, according to Realmeter. Nearly 83 percent of the respondents said polarization had worsened during th
National Feb. 17, 2021
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[Graphic News] S. Korea’s electric car exports shoot up 66% in 2020: KITA
South Korea’s exports of electric vehicles advanced nearly 66 percent on-year in 2020, data showed, despite the overall slump in the automobile industry amid the COVID-19 pandemic. Outbound shipments of electric vehicles came to $3.9 billion in 2020, the first time the figure surpassed that for hybrid cars, whose exports came to $2.5 billion last year, according to the data compiled by the Korea International Trade Association. Electric vehicles accounted for more than half of the
Business Feb. 16, 2021
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[Graphic News] South Korea leads world in innovation
South Korea returned to first place in the latest Bloomberg Innovation Index, while the US dropped out of a top 10 that features a cluster of European countries. Korea regained the crown from Germany, which dropped to fourth place. The Asian nation has now topped the index for seven of the nine years that it’s been published. Singapore and Switzerland each moved up one spot to rank second and third. The Bloomberg index analyzes dozens of criteria using seven equally weighted metri
Business Feb. 15, 2021
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[Graphic News] 2020 sees surge in working days lost to strikes
The number of working days lost due to labor disputes surged by nearly 40 percent in South Korea last year, a report said, indicating a likely deterioration in labor relations at local firms. According to the report from the state-funded Korea Labor Institute, the number of lost work days totaled 554,000 in 2020, soaring 37.8 percent from the previous year’s 402,000 days. The figure had fallen from 862,000 days in 2017, when the Moon Jae-in government took office, to 552,000 days
National Feb. 10, 2021
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[Graphic News] Number of cattle in S. Korea grows 3.9% in Q4
The number of cattle in South Korea rose nearly 4 percent in the fourth quarter of the year on increased beef consumption, government data showed. Asia‘s fourth-largest economy had 3.36 million cattle, including Korean-breed cattle known as “hanwoo,“ as of Dec. 1, up 3.9 percent from a year earlier, according to the data from Statistics Korea. It represents the largest-ever fourth-quarter tally since the statistical agency began tracking related data in 1983. The fou
National Feb. 9, 2021
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[Graphic News] Number of airport passengers in S. Korea plummets after 12 years of gains
The number of passengers using South Korean airports fell sharply last year due to the fallout from the new coronavirus outbreak, marking the first drop in 12 years, data showed. The number of people using 15 airports across the nation came to 65 million last year, down 58.8 percent from a year earlier, according to the data compiled by Statistics Korea. It was the first time that the number of airport passengers had declined since 2008, when the country was in the midst of the global f
National Feb. 8, 2021
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[Graphic News] Dramatic shark decline leaves ‘gaping hole’ in ocean: study
Overfishing has savaged populations of some sharks and rays by more than 70 percent in the last half-century, leaving a “gaping, growing hole” in ocean life, according to a new study. Decades of data show an alarming decline in species ranging from hammerhead sharks to manta rays. Among the worst-affected is the oceanic whitetip, a powerful shark often described as particularly dangerous to man that now hovers on the edge of extinction because of human activity. Targeted f
World Feb. 5, 2021
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[Graphic News] Global ice loss rate is accelerating: study
A new survey of ice loss around the globe suggests the rate at which the planet’s ice sheets and glaciers are melting is rapidly accelerating. According to the new analysis, detailed in the journal Cryosphere, Earth lost roughly 28 trillion tons of ice between 1994 and 2017. In 1994, Earth experienced an annual loss of 300 billion tons of ice. By 2017, annual losses had increased to 1.3 trillion tons. To illuminate the full scope of the problem, researchers compiled decades of sat
World Feb. 4, 2021
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[Graphic News] Seoul bike users soar amid pandemic
The accumulated membership of Seoul’s public bike service has surpassed 2.78 million, as residents avoid taking public transport as a precaution amid the coronavirus pandemic, the city government said. That means 1 in every 4 Seoul residents used the city’s unmanned bike rental service, dubbed Ttaereungyi in Korean. The growth was particularly significant last year, with nearly 1.21 million newcomers, accounting for 43.3 percent of the total users. (Yonhap)
National Feb. 2, 2021
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[Graphic News] Most Koreans adopt wait-and-see approach to COVID jab
Nearly two-thirds of South Koreans think they will wait to see how the coronavirus vaccine works for other people before getting the jab, a poll showed. A survey of 1,094 adult Koreans across the nation, taken by Seoul National University, showed 67.7 percent of respondents taking a wait-and-see attitude toward COVID-19 vaccinations. Only 28.6 percent replied that they want to get vaccinated as soon as possible. (Yonhap)
National Feb. 1, 2021
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[Graphic News] S. Korea’s data industry thrives amid pandemic
South Korea’s data industry expanded more than 14 percent in 2020 from a year earlier to exceed the 19 trillion-won level, a survey showed. The local market for data stood at 19.3 trillion won ($17.4 billion) last year, up 14.3 percent from a year earlier, according to the survey by the Ministry of Science and ICT and the Korea Data Agency. Last year’s growth rate was much higher than the 8.3 percent on-year increase posted a year earlier. Data sales and provision accounte
Industry Jan. 28, 2021
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[Graphic News] Number of NK defectors plunges in 2020 amid border closure
The number of North Koreans defecting to South Korea dropped sharply last year apparently due to the North’s border closure to prevent an outbreak of the coronavirus, government data showed. According to the data provided by the Unification Ministry, a total of 229 North Koreans settled down in South Korea last year. The number was far fewer than the 1,047 tallied a year earlier and 1,137 registered in 2018. During the first quarter, 135 North Koreans defected to the South. The
North Korea Jan. 27, 2021
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[Graphic News] Industrial accident death toll rebounds
Deaths from industrial accidents rebounded in South Korea last year, the labor minister said, despite the Moon Jae-in government’s pledge to halve the number of workers killed in the line of duty during its term. Minister of Employment and Labor Lee Jae-kap said industrial disasters and work-related accidents took the lives of 882 workers in 2020, marking a rise of 27 deaths from the previous year. The number of workers killed on the job had increased from 964 in 2017 to 971 in 20
National Jan. 26, 2021
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