Articles by Nam Kyung-don
Nam Kyung-don
don@heraldcorp.com-
[Graphic News] Some 1,000 travel agencies in Korea shutter on virus impact
Nearly 1,000 travel agencies in South Korea have gone out of business in the wake of the coronavirus outbreak that started to hit the country in late January, data showed. The number of tour agencies came to 21,671 as of the end of June this year, down 938, or 2.7 percent, from the end of December, according to data from the Korea Tourism Association. Compared to the end of September last year, the figure is down 4.1 percent. (Yonhap)
Business Sept. 29, 2020
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[Graphic News] Half of virus relief money paid in card form used for dining out, grocery shopping
Almost all of the state coronavirus relief funds that were given out in card form have been spent, and about half of the money was spent mostly on dining out and grocery shopping, the Interior Ministry said. The government handed out the relief funds totaling 14.3 trillion won ($12.2 billion) to all households from May 4 to Aug. 24 to help people cope with the economic impact of the coronavirus pandemic. The money was available in the forms of credit or debit card points, prepaid cards
Social Affairs Sept. 28, 2020
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[Graphic News] K-pop buzz on Twitter grows substantially despite COVID-19
Despite COVID-19 having bogged down the global entertainment industry, the conversation and buzz surrounding K-pop on the social media platform Twitter have increased substantially in the past year. The number of K-pop-related tweets on the global social media platform from July 2019 to June 2020 reached 6.1 billion, up 15 percent from the 5.3 billion tally from a year prior, according to data compiled by Twitter Korea together with music startup Space Oddity’s fandom analytics dash
K-pop Sept. 25, 2020
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[Graphic News] Climate change, infectious disease seen as major threats: survey
Climate change and the spread of infectious diseases are seen as the top threats by the majority of people in 14 economically advanced nations surveyed by the Pew Research Center. In similar surveys conducted by the Washington-based center in 2013, 2016, 2017 and 2018, the chief threats were seen as climate change and terrorism. For the latest survey, Pew questioned 14,276 adults living in Australia, Belgium, Britain, Canada, Denmark, France, Germany, Italy, Japan, the Netherlands, Spai
World News Sept. 24, 2020
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[Graphic News] Percentage of Koreans visiting hometowns this Chuseok at record low: poll
Record-low numbers of South Koreans are expected to visit their hometowns or travel during the upcoming Chuseok holiday amid lingering coronavirus fears, a poll showed. In the survey of 1,000 adults nationwide conducted by Gallup Korea early last week, 81 percent said they had no plans to leave their homes for more than one night during the Chuseok holiday, the Korean version of Thanksgiving, which runs from Sept. 30 to Oct. 2 this year. According to Gallup Korea, only 16 percent of th
Social Affairs Sept. 23, 2020
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[Graphic News] Minorities made up 78% of US COVID-19 pediatric deaths: study
Racial minorities accounted for 78 percent of COVID-19 deaths under the age of 21 in the United States between February and July, a government report said. Out of 121 deaths among under-21s, 45 percent were among Hispanics, 29 percent among blacks and 4 percent among American Indians or Alaskan Natives, according to the study by the Centers for Disease Control and Prevention. Together, these groups represent 41 percent of the US population under 21. Overall, mortality among children a
World News Sept. 22, 2020
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[Graphic News] More Korean women live alone
More than 3.09 million Korean women live alone, with growing numbers engaged in economic activities, government statistics showed. According to Statistics Korea, one-woman households accounted for 50.3 percent of the total 6.14 million single-person households this year. The statistics agency expects the number to continue to rise to reach 3.23 million by 2025 and 3.65 million by 2035. Overall, the total number of women in South Korea stood at 25.83 million this year, making up 49.9
Social Affairs Sept. 21, 2020
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[Graphic News] Amazon’s Bezos tops Forbes richest list
Amazon CEO Jeff Bezos topped Forbes’ list of richest Americans for the third year in a row, while US President Donald Trump’s ranking dropped as the coronavirus pandemic slammed his office buildings, hotels and resorts, the magazine said. The aggregate wealth of the Forbes 400 list rose to a record $3.2 trillion, as the richest Americans continued to do well even though the pandemic has devastated the economy, which is short about 11 million jobs compared to where it was in
World Sept. 18, 2020
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[Graphic News] Sales of food delivery app hit fresh high amid virus pandemic
South Korean food delivery applications saw their sales hit a fresh high in August as more people refrained from dining out and stayed home amid the stricter social distancing scheme, data showed. The combined transactions made through the country‘s four major food delivery applications came to 1.2 trillion won ($1 billion) in August, up 28 percent from a month earlier, according to the industry tracker WiseApp. Sales from the four applications reached a whopping 7.6 trillion won
Business Sept. 17, 2020
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[Graphic News] Korea‘s ice cream exports rise 11% this year
South Korean exports of ice cream swelled more than 11 percent in the first eight months of the year despite a slump in the country’s overall overseas shipments, official data showed. Overseas shipments of Korean ice cream products came to $47 million in the January-August period, up 11.1 percent from a year earlier, according to the data from the Korea Customs Service. The United States was the largest export destination for Korean ice cream, followed by China, Canada, Vi
Business Sept. 16, 2020
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[Graphic News] Korea's tourism income hits 17-year low in Q2 due to coronavirus
South Korea’s tourism income hit a 17-year low in the second quarter of this year due to the novel coronavirus pandemic, government data showed. For the April-June period, the country posted $1.19 billion in tourism income, down 78.6 percent from $5.57 billion over the same period last year, according to data from the Korea Tourism Organization. From three months earlier, it tumbled 65.5 percent from $3.46 billion. It is the lowest quarterly amount since 2003, when South Korea's
Business Sept. 15, 2020
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[Graphic News] Major firms‘ Q2 overseas sales dip 20% amid virus
Major South Korean companies saw their overseas sales tumble nearly 20 percent in second quarter of the year during the coronavirus pandemic, data showed. Combined overseas sales of the country’s top 100 firms by revenue totaled 146.3 trillion won ($123 billion) in the April-June period, down 19.8 percent from a year earlier, according to the data from the Federation of Korean Industries. The tumble marks a sharp turnaround from the first quarter, when their sales edged up 0.65 pe
Business Sept. 14, 2020
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[Graphic News] Number of self-employed tumbles amid coronavirus
The number of self-employed people in South Korea has fallen at a far faster pace in 2020 than last year, data showed. South Korea had 5.548 million self-employed people as of the end of July, down 127,000 from the same month a year earlier, according to data from the Korea Small Business Institute and Statistics Korea. The decrease is far higher than the figure from a year earlier. (Yonhap)
National Sept. 11, 2020
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[Graphic News] Global views on economy turn sharply negative
Public attitudes about the economy have become bleaker as the coronavirus pandemic continues to weigh globally, according to a Pew Research Center survey released recently. Overall, a median of only 31 percent of adults across the surveyed nations assess their country’s current economic situation as good, while more than two-thirds say conditions are bad. In Germany, while the majority continue to view the economy positively, the percentage who view it negatively has more than dou
World Business Sept. 10, 2020
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[Graphic News] Retail sales up 4.4% in July on online sales of groceries amid pandemic
Retail sales in South Korea advanced 4.4 percent in July from a year earlier as online platforms enjoyed a spike in demand for groceries and home appliances amid the new coronavirus pandemic. The combined sales of 26 major offline and online retailers reached 11.46 trillion won ($9.67 billion) last month, up from 10.98 trillion won a year earlier, according to data compiled by the Ministry of Trade, Industry and Energy. Online platforms led the growth, with their revenue advancing 13.4
Business Sept. 9, 2020
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