Koreabizwire | Be Korea-savvy

Headlines Today’s Top News

In Tech Rift, Japan Presses a Korean Internet Giant to Cede Control

In Tech Rift, Japan Presses a Korean Internet Giant to Cede Control

SEOUL, April 25 (Korea Bizwire) – A major Japanese internet company partly owned by Naver, South Korea’s biggest web portal, is facing pressure from Tokyo to strip the Korean tech firm of its controlling stake after a data breach last year, an extraordinarily aggressive move that threatens to upend a rare alliance between corporate giants from

| , , , , | 0 Comments
Migrant Workers in South Korea Face Staggering Unpaid Wage Arrears

Migrant Workers in South Korea Face Staggering Unpaid Wage Arrears

SEOUL, April 25 (Korea Bizwire) – A significant number of migrant workers in South Korea have experienced wage theft, with the average amount owed surpassing 6 million won according to a recent government study. The report, titled “Research Study on the Current Situation of Wage Arrears for Migrant Workers and Remedies,” was commissioned by the National

| , , | 0 Comments
Break Down of South Korea’s Ambitious Initiatives to Lead in Cutting-Edge Technologies

Break Down of South Korea’s Ambitious Initiatives to Lead in Cutting-Edge Technologies

SEOUL, April 25 (Korea Bizwire) – South Korea’s government has finalized its blueprint to establish global leadership in three pivotal areas it deems “game changers” for the future: artificial intelligence semiconductors, advanced biotechnology and quantum technology. The Presidential Advisory Council on Science & Technology, the nation’s top decision-making body for science and technology issues chaired by

| , , , | 0 Comments
South Korea Sees Progress on Suicide Rate, But Challenges Remain

South Korea Sees Progress on Suicide Rate, But Challenges Remain

  SEOUL, April 25 (Korea Bizwire) – South Korea’s suicide rate declined in 2023 but remained the highest among countries in the Organization for Economic Cooperation and Development, according to a government report, which also highlighted rising rates of sex crimes and drunk driving in the country. The report, “Korea’s Safety Report 2023,” released on April

| , , , | 0 Comments
Tensions Between Hybe and NewJeans’ Agency Raise Questions About Girl Group’s Future

Tensions Between Hybe and NewJeans’ Agency Raise Questions About Girl Group’s Future

SEOUL, Apr. 25 (Korea Bizwire) – As the conflict between Hybe and Ador Entertainment, the company behind the rising K-pop girl group NewJeans, escalates, attention is turning to the potential impact on the members’ comebacks and activities.  In the K-pop industry, the prevailing view is that major disruptions are unlikely in the near term, as Hybe

| , , | 0 Comments
Women Drive Employment Gains in South Korea, Spurring Rise in Stay-at-Home Fathers

Women Drive Employment Gains in South Korea, Spurring Rise in Stay-at-Home Fathers

SEOUL, Apr. 25 (Korea Bizwire) – Nine out of every 10 new jobs created in South Korea last year went to women, reflecting their growing entry into the workforce, government data shows. The trend has led to a surge in the number of stay-at-home fathers, which exceeded 200,000 for the first time in 2023.  An analysis

| , , | 0 Comments
At Least 1.1 Billion Won Needed for Comfortable Retirement, Report Says

At Least 1.1 Billion Won Needed for Comfortable Retirement, Report Says

SEOUL, Apr. 25 (Korea Bizwire) – Maintaining a stable lifestyle after retirement in South Korea requires a nest egg of at least 1.1 billion won, according to a new analysis, with health care costs and support for adult children emerging as major expenses alongside basic living costs.  The figure, which factors in 30 years of retired

| , , | 0 Comments

Editor’s Picks

Luxury Resale Market Thrives as Economic Woes Hit South Korea’s Online Luxury Platforms

Luxury Resale Market Thrives as Economic Woes Hit South Korea’s Online Luxury Platforms

Insight Policies & Impact

Lifestyle Life & Entertainment

Technology What’s Trending

Korea Today Photo Stream

Business Business & Industry

Marketplace News Release