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Shortage of Advanced Researchers Emerges as Bottleneck for South Korea’s Tech Strategy

Shortage of Advanced Researchers Emerges as Bottleneck for South Korea’s Tech Strategy

SEOUL, Dec. 29 (Korea Bizwire) — South Korean companies are facing a widening shortage of research and development workers, particularly in strategically important technologies such as semiconductors and artificial intelligence, according to a new industry survey released on Monday. The survey, conducted by the Korea Industrial Technology Association, found that corporate research institutes were short about

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Ban on Preschool English Placement Tests Divides Parents

Ban on Preschool English Placement Tests Divides Parents

SEOUL, Dec. 29 (Korea Bizwire) — A new law banning English level tests for preschool children has ignited a sharp debate among parents in Seoul’s education hubs, exposing deep divisions over early childhood education and the future of private English instruction. Earlier this month, the National Assembly passed a bipartisan amendment to the Private Education Act

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Business Closures Ease as Government Support Lifts Sentiment

Business Closures Ease as Government Support Lifts Sentiment

SEJONG, Dec. 29 (Korea Bizwire) — South Korea’s self-employed sector is showing tentative signs of recovery, buoyed in part by government-issued consumption coupons and an improving growth backdrop, though economists caution that structural pressures could limit the durability of the rebound. According to data released Monday by the National Tax Service, the number of businesses that

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‘Chicken Republic’ Reaches a Turning Point With 30,000 Franchise Stores Nationwide

‘Chicken Republic’ Reaches a Turning Point With 30,000 Franchise Stores Nationwide

SEOUL, Dec. 29 (Korea Bizwire) —  South Korea’s fried chicken industry has crossed a symbolic threshold, with the number of franchise outlets nationwide surpassing 30,000 for the first time, even as signs of market saturation intensify and growth prospects dim at home. According to the National Data Policy Agency’s 2024 Franchise Statistics released on December

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High-End Auctions Offer a Glimmer of Hope in Korea’s Otherwise Weak Art Market

High-End Auctions Offer a Glimmer of Hope in Korea’s Otherwise Weak Art Market

SEOUL, Dec. 29 (Korea Bizwire) — South Korea’s art market is expected to close 2025 still mired in a prolonged slump, as weak consumer sentiment continues to weigh on galleries and art fairs, according to a new industry survey. A year-end report released by the Arts Management Support Center found that nearly half of art market

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Yogurt Rises, Milk Slips as Demographic Shifts Reshape Korea’s Dairy Market

Yogurt Rises, Milk Slips as Demographic Shifts Reshape Korea’s Dairy Market

SEOUL, Dec. 29 (Korea Bizwire) — As South Korea’s prolonged low birth rate reshapes consumer demand, yogurt has emerged as an unexpected sales driver at major retailers, while milk — once a staple — continues to lose ground. According to data released Sunday by the retail industry, Emart, the country’s largest discount chain, ranked milk ninth

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Survey Finds Widespread Barriers to Annual Leave Use Among Korean Employees

Survey Finds Widespread Barriers to Annual Leave Use Among Korean Employees

SEOUL, Dec. 29 (Korea Bizwire) — Nearly one in three South Korean workers say they cannot freely use their paid annual leave, according to a new survey by a civic advocacy group, highlighting persistent gaps between labor law protections and workplace realities. The findings, released Sunday by Workplace Abuse 119 (Gabjil119), are based on a poll

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